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Ricardo Mora: Fostering Innovation in Ciudad Juarez
Manage episode 282833467 series 2819538
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Ricardo “Ricky” Mora was born in El Paso, Texas and raised in Ciudad Juarez, Chihuahua, Mexico. He is an entrepreneurship evangelist, pioneer and has launched over 10 startups, ranging from telecomm, investment funds, IT services, FabLabs, and restaurants.
Ricky transformed the former U.S. Consulate in Juarez into the a Silicon Valley styled innovation park spread across a 1.8 acres. It has tailor-made programs for the manufacturing industry, entrepreneurs and companies. It is a certified incubator by Mexico’s National Institute for the Entrepreneurship (INADEM) and includes an early investment venture capital fund as well as a Fab Lab.
The Technology Hub is also part of TechSpark’s signature project in El Paso and Juarez as the lead partner in The Bridge Accelerator.
The Bridge Accelerator Program was launched in the summer of 2019 with the goal of expanding connections between local supplier companies and manufacturers/maquiladoras in the Paso del Norte region. The Juarez – El Paso region has one of the largest concentrations of manufacturing output in North America. However, according to data from SIDE and COPARMEX, only 2% of current suppliers contributing to the region’s $39 billion USD manufacturing supply chain are locally based.
To date, The Bridge has graduated 33 companies through 3 cohorts, and help secure $8,370,000 in new purchase orders, generate $780,000 in equity investment opportunities, and create over 150 jobs.
Ricky also serves as the Fund Manager for Saba Investments.
Technology Hub: https://t-hub.mx/en
The Bridge Accelerator: https://tb-xl.com
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