The United States-Mexico Foundation for Science (FUMEC) is a binational nonprofit organization created in 1993, in the context of the negotiations of the North American Free Trade Agreement (NAFTA). Our mission is to promote binational collaboration in science and technology, in order to contribute to the solution of problems of common interest, especially those which support economic and social development of Mexico.
To achieve this goal, FUMEC brings to Mexico successful experiences of United States and other countries with the purpose of promoting best practices in our three program areas:
- Economic Development based on Innovation.
- Human Resource Deveopment in Science and Technology.
- Health and Environment.
The Foundation has an annual budget of around 2 million USD, and operates projects funded by governmental institutions of the United States and Mexico, as well as by contributions from businesses and philanthropic institutions.
Our approach is to detect issues of binational interest, initiate pilot activities and build programs that can be transferred to specialized organizations.
International Technology Business Accelerator
The TechBA program was created in 2004 by FUMEC and the Ministry of Economy with the goal of facilitating the access of Mexican technology companies to the most dynamic business ecosystems in the world, through a range of services to help them accelerate and grow.
The TechBA acceleration model allows companies to make strategic alliances and link to innovation networks that allow them to leverage existing resources in the most productive and innovative ecosystems.
This program has eight offices in cities with specialized and highly competitive economic activity such as: Arizona, Austin, Seattle, Silicon Valley, Michigan, Montreal, Vancouver and Madrid.
Additionally, the TechBA headquarters has access to a network of experts in specialized economic niches and with the support of key stakeholders and organizations, contributes to the accelerated growth of companies. The continual advice from the experts helps companies improve their value by offering attractive products and services.
In each region, TechBA has partners with a proven track record of successful results in the acceleration of innovative companies.
Michigan’s economy was ranked number 12 within the Gross Domestic Product (GDP) in 2010, generating 384.1 billion dollars. The manufacturing industry generated 450,000 jobs in the state and the provision of 195 billion dollars in assets. Michigan is the leading center of intellectual capital of the automotive industry in North America. It is home to eight of the top ten global providers and 47 of the top 50 automotive suppliers In addition to this.:
- Michigan is home 12 vehicle assembly plants.
- Produce 20% of the cars in the United States.
- 78 headquarters of U.S. automotive suppliers that are part of top 150