The High Impact Entrepreneurship program, implemented by INADEM in Mexico, is one of their largest programs and provides the largest amount of money per entrepreneur. Evaluating the impact of the program and assessing whether existing targeting strategies are effective for identifying high impact entrepreneurs is of huge value to INADEM as they allocate resources in future and decide on the structure of their programs.
This study measures the effectiveness of two related interventions: first is financial funding to “start-up” and “scale-up” firms with high impact potential in IT and software, certifications, consulting/professional services, and machinery and equipment industries. INADEM will grant 70-80% of the requested funds, while the entrepreneur commits to the rest. The second is a comparison in the predictability of two panels in identifying high growth potential firms. The first is a traditional panel, composed of INADEM evaluators and the second is a VC panel, composed of experts who simulate a venture-capital approach.
Alejandra Mendoza Alcántara, Consultant, the World Bank
David Atkin, Associate Professor, MIT
Leonardo Iacovone, Lead Economist, the World Bank
Eric Verhoogen, Professor, Columbia University