{"id":168978,"date":"2025-04-02T15:11:17","date_gmt":"2025-04-02T21:11:17","guid":{"rendered":"https:\/\/tecscience.tec.mx\/en\/?p=168978"},"modified":"2025-04-02T15:11:40","modified_gmt":"2025-04-02T21:11:40","slug":"monterrey-economic-innovation-hub","status":"publish","type":"post","link":"https:\/\/tecscience.tec.mx\/en\/cities-and-prosperous-communities\/monterrey-economic-innovation-hub\/","title":{"rendered":"Monterrey Economic Innovation Hub: Rethinking the Social and Environmental Impact of Entrepreneurship"},"content":{"rendered":"\n<p><strong>Every month, hundreds of women gather <\/strong>alongside researchers, professors, business leaders, and public officials with one goal in mind: to boost their economic development and empower themselves. These are the <strong>Women\u2019s Circles<\/strong>, an initiative that\u2019s part of the <a href=\"https:\/\/investigacionnegocios.tec.mx\/en\/node\/906\" target=\"_blank\" rel=\"noreferrer noopener\">Monterrey Economic Innovation Hub<\/a>, aimed at making visible and valuing the economic contributions of women in society.<\/p>\n\n\n\n<p>Roughly 200 participants come together to address topics such as gender equality and gender-based violence, entrepreneurship with a gender perspective, leadership, and personal growth, explains <a href=\"https:\/\/research.tec.mx\/vivo-tec\/display\/PID_120324\" target=\"_blank\" rel=\"noreferrer noopener\">Alma Yadira Bayona<\/a>, director of the hub and head researcher at the Center for Conscious Enterprises.<\/p>\n\n\n\n<p>In addition to <strong>talks featuring international guests<\/strong> such as Carolina Nieto, General Director of Ashoka M\u00e9xico, Central America, and the Caribbean, and Mar\u00eda De Barbieri, Director of the Economic Innovation Hub in Uruguay, participants receive hands-on training through practical workshops that <strong>equip them with the tools to start their <a href=\"\/en\/business-innovation\/women-ceos\/\" target=\"_blank\" rel=\"noreferrer noopener\">businesses<\/a><\/strong> and recognize the economic and social value of their efforts.<\/p>\n\n\n\n<p>\u201cAt the end of each session, we ask them to fill out a survey\u2014but it\u2019s not just to find out if they liked the event or not. It\u2019s a scientific tool to measure the progress of these women,\u201d Bayona explains, pointing out that <strong>the Circles are part of a formal research project focused on women\u2019s <a href=\"\/en\/business-innovation\/missing-middle-finance-gap-for-women-entrepreneurs\/\" target=\"_blank\" rel=\"noreferrer noopener\">entrepreneurship<\/a><\/strong>.<\/p>\n\n\n\n<p>Beyond the topic of female entrepreneurship, the hub also explores other lines of research such as <a href=\"\/en\/business-innovation\/circular-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">circular economy<\/a>, conscious capitalism, and social innovation, among others. <strong>These initiatives are rooted in the concept of triple-impact entrepreneurship<\/strong> and combine research with action. The hub also serves as a <strong>collaborative space<\/strong> where private sector representatives, government, and academia come together to develop initiatives that tackle global challenges, always starting from a local perspective\u2014beginning with Nuevo Le\u00f3n.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is Triple-Impact Entrepreneurship?<\/strong><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/innovacioneconomica.org\/author\/nodomonterrey\/\" target=\"_blank\" rel=\"noreferrer noopener\">Monterrey Economic Innovation Hub<\/a> is a program run by the Department of Entrepreneurship at the <a href=\"\/es\/tag\/escuela-de-negocios\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business School<\/a>, backed by funding from <a href=\"https:\/\/idrc-crdi.ca\/en\" target=\"_blank\" rel=\"noreferrer noopener\">Canada\u2019s International Development Research Centre<\/a> (IDRC). The initiative draws inspiration from the concept of triple-impact entrepreneurship, which defines B Corporations\u2014businesses that <strong>not only drive economic growth but also promote social well-being and protect <a href=\"\/en\/tech\/recycle-tires\/\" target=\"_blank\" rel=\"noreferrer noopener\">the environment<\/a><\/strong>.<\/p>\n\n\n\n<p>\u201cThis funding was designed so that we, as researchers, can identify which elements and stakeholders need to be mobilized in order to spark real change on issues like water and air quality, gender-based violence, and equality, among others,\u201d explains the director.<\/p>\n\n\n\n<p><strong>The hub carries out its research through a multidisciplinary team<\/strong> that brings together experts in sustainable finance, social entrepreneurship, educational innovation from the <a href=\"\/en\/tag\/institute-for-the-future-of-education\/\" target=\"_blank\" rel=\"noreferrer noopener\">Institute for the Future of Education<\/a>, public policy, and conscious capitalism. <strong>The project includes 12 faculty researchers from the Tec de Monterrey Business School<\/strong>, as well as collaborators from other institutions such as the <strong>Universidad Aut\u00f3noma de Nuevo Le\u00f3n<\/strong>, the <strong>Universidad de Monterrey<\/strong>, and the <strong>Universidad Regiomontana<\/strong>.<\/p>\n\n\n\n<p>Additionally, the initiative <strong>is supported by an advisory board tasked with evaluating its progress<\/strong>. This board includes public sector workers specializing in social innovation, members of national chambers of commerce, civil society organizations focused on sustainability and equity, and business leaders with experience in circular economy practices.<\/p>\n\n\n\n<p>The <strong>Monterrey Economic Innovation Hub is also part of a broader ecosystem across Latin America<\/strong>, collaborating with similar hubs in Chile, Argentina, and Uruguay.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Hub\u2019s Lines of Research<\/strong><\/h2>\n\n\n\n<p>The hub\u2019s research efforts are grounded in the principles of triple-impact entrepreneurship. According to its director, the team has set an ambitious goal: to publish at least six research articles each year based on these research-action lines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Women\u2019s Entrepreneurship<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The <strong>Women\u2019s Circle<\/strong> sessions are part of this research line. Alongside these gatherings, <strong>a group of researchers is analyzing social programs such as \u201cCuidemos, Banco del Tiempo,\u201d<\/strong> implemented by the municipality of San Pedro Garza Garc\u00eda. <\/p>\n\n\n\n<p>Their aim is <strong>to quantify and highlight the value of unpaid caregiving work carried out by women and to provide evidence of its impact on local economies and social development<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Circular Economy<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In this area, the research team examines <strong>how companies are adopting circular economy models<\/strong>\u2014for example, by reducing waste and revaluing <a href=\"\/en\/science-communication\/silver-nanoparticles-and-prickly-pear-peel\/\" target=\"_blank\" rel=\"noreferrer noopener\">discarded materials<\/a>\u2014and how organizations are seeking to create an impact that goes beyond financial profits. <\/p>\n\n\n\n<p>Their studies focus on <strong>the social and environmental benefits<\/strong> that can arise from these business practices.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Conscious Capitalism<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In collaboration with the <strong>Center for Conscious Enterprises<\/strong>, the team investigates how companies are embedding the principles of <strong>Conscious Capitalism<\/strong> into their strategies\u2014principles that <strong>emphasize purpose, ethics, and social responsibility.<\/strong> <\/p>\n\n\n\n<p>Their research relies on metrics such as <strong>ESG (Environmental, Social, and Governance) reports and indicators <\/strong>to assess the positive impact of these companies.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Educational Innovation in Triple-Impact Entrepreneurship<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Drawing from the research conducted by the hub\u2019s team, this line of work focuses on <strong>developing teaching materials that incorporate a sustainability perspective into academic programs<\/strong>. The goal is to equip students and graduates with the knowledge to propose solutions across disciplines and business models.<\/p>\n\n\n\n<p>Among the projects launched by the hub is a <strong>diploma program in sustainable leadership<\/strong>, aimed at small and medium-sized enterprises. These businesses, as suppliers to larger organizations, are increasingly required to meet international standards for triple-impact practices.<\/p>\n\n\n\n<p>The hub has also <strong>created a manual designed to guide and facilitate collaboration among the public, private, and social sectors<\/strong>. This tool helps these sectors align their resources and capacities around common goals and initiatives with the potential to drive meaningful social, economic, and environmental change.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>A Regional Ecosystem with Global Impact<\/strong><\/h2>\n\n\n\n<p>Other key research lines include <strong>Social Economy<\/strong>, which focuses on business models that prioritize social and community well-being while balancing economic goals and positive societal impact; <strong>Sustainable Entrepreneurship<\/strong>, aimed at fostering economically viable businesses that adopt environmentally responsible practices; and <strong>Social Innovation<\/strong>, which explores how B Corporations and other social innovations can help build a more conscious and responsible economy.<\/p>\n\n\n\n<p>Currently, <strong>the Monterrey Economic Innovation Hub operates from a physical space on the second floor of <a href=\"\/en\/business-innovation\/expedition-femsa-a-new-hub-for-interdisciplinary-research\/\" target=\"_blank\" rel=\"noreferrer noopener\">EXPEDITION FEMSA<\/a>, located in the Monterrey Innovation District<\/strong>. For now, its efforts are primarily focused on the state of Nuevo Le\u00f3n. However, Bayona hopes that, over time, the lessons and strategies developed through these research lines can be replicated in other regions across the country\u2014and even scaled nationally.<\/p>\n\n\n\n<p>\u201c<strong>The hub is an open space where new business models and projects can emerge\u2014from circular economy initiatives to women\u2019s entrepreneurship or social economy ventures<\/strong>\u2014that respond to today\u2019s challenges with a sustainable development mindset. We want any citizen with an innovation that has a positive impact to see us as allies, both as researchers and entrepreneurs, to help make it happen,\u201d the director says.<\/p>\n\n\n\n<p><strong><em>Did you find this story interesting? Would you like to publish it? Contact our content editor to learn more at&nbsp;<a href=\"mailto:marianaleonm@tec.mx\">marianaleonm@tec.mx<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of its key action lines is Women\u2019s Entrepreneurship, with initiatives that make visible and value women&#8217;s economic contributions while providing them with tools for growth.<\/p>\n","protected":false},"author":47,"featured_media":168985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[559],"tags":[541,152,140],"class_list":["post-168978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cities-and-prosperous-communities","tag-climate-and-sustainability","tag-entrepreneurship","tag-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v27.4) - 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