EU and Mexico to Back Mexican Entrepreneurs Leticia Paula Cruz - The News
go to original March 22, 2012

MEXICO CITY – The Delegation of the European Union (EU) to Mexico, and ProMéxico, will jointly distribute 100 million pesos to seven production projects that were approved to receive subsidies from the Competitiveness and Innovation Program (PROCEI), which, since 2011, has been managed by both institutions.

ProMéxico Director Carlos Bofill said on Wednesday that, “In this first stage, seven projects consisting of 840 companies or producers were chosen. The majority of them were small and medium businesses (MSMB’s) from 16 states of Mexico, and they will receive, in total, 100 million pesos, which will come from the funds of both nations (sic). ”

In May 2011, PROCEI representatives travelled across Mexico to raise awareness about the program.

EU Ambassador Marie-Anne Coninsx said that the beneficiary companies are helping finance the seven projects, contributing between 50 and 55 percent of the projects’ total budgets.

Over the next three years of the program, 3,500 Mexican companies will receive a total of 18 million Euros.

Both officials underscored that the PROCEI’s purpose is to strengthen economic, business, trade, and technological relationships between the EU and Mexico by funding projects that benefit Mexican companies.

The goal is to strengthen Mexican companies’ ability to compete through innovation, technological exchange, and quality certification, all basic requirements to successfully access European markets.

The following companies’ and institutions’ projects were approved to receive grants from PROCEI: the National Chamber of the Electronics, Telecommunications and IT Industries (Caneiti), which will receive 18.7 million pesos; the Jalisco State Chamber of the Footwear Industry (CIEJ), 8.1 million pesos; the Center for Export Development in Michoacán (Cexporta), 13.2 million pesos; the Advanced Technology Center (Ciateq), 19.8 million pesos; the Chihuahua State Council for Economic Development, 13.3 million pesos; the Morelos Foundation for Sustainable Rural Development, 7.8 million pesos; and the Monterrey Institute of Technology and Higher Education (ITESM), 20 million pesos.

ProMéxico, founded by a presidential decree in on June 13, 2007, is a federal agency dedicated to promoting Mexico’s participation in the international economy. The agency has 52 offices in Mexico, as well as 30 offices in 21 different countries.

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