# National Institute of Entrepreneurship

National Institute of Entrepreneurship is a Government / Public Body based in Mexico City, Mexico.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Mexico City, Mexico
- **Region:** Latin America
- **Address:** Insurgentes Sur 1940, Col. Florida, CP 01030, Del. Álvaro Obregón, Mexico City, Mexico
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.inadem.gob.mx
- **LinkedIn:** linkedin.com/company/instituto-nacional-de-emprendedor

## Regulatory record

- **Reports private funds:** No

## About

The National Institute of Entrepreneurship is a government agency based in Del Alvaro, Mexico. It manages approximately $178.83 million in assets across one fund. Its regional focus is Latin America and the Caribbean.

## People

- Enrique Jacob Rocha — First President
- Alejandro Delgado Ayala — Former President

## Questions

### What was INADEM's investment model?

INADEM functioned as a fund-of-funds and co-investment platform, allocating the National Entrepreneur Fund (FNE) through external fund managers, incubators, and accelerators rather than making direct equity investments. It targeted seed, startup, and expansion-stage companies. Its capital was federal budget appropriations, not pooled investor commitments.

### Why was INADEM dissolved?

President Andrés Manuel López Obrador's administration dissolved INADEM by decree in December 2018, as part of a broader austerity-driven restructuring of federal agencies. The government argued that the institute's functions overlapped with other economic development bodies and that its programs had insufficient accountability metrics. Remaining entrepreneurship support functions were absorbed into the Ministry of Economy.

### How did INADEM relate to other Mexican development institutions?

INADEM sat within the Ministry of Economy and partnered with Nacional Financiera (NAFIN) on credit programs, ProMéxico on internationalization, and CONACYT on technology transfer. It also established bilateral entrepreneurship councils with the U.S. (MUSEIC, 2013) and France (COMFEI, 2015) to connect Mexican founders with foreign capital and networks.

### Who ran INADEM's operations?

Enrique Jacob Rocha served as INADEM's first president from its founding in 2013 until 2017, followed by Alejandro Delgado Ayala from 2017 until the institute's dissolution in 2018. Both reported to the Secretary of Economy. No separate chief investment officer role existed — allocation decisions were embedded within the presidency and ministry structure.

### Is INADEM still active as an investor?

No. INADEM ceased operations in December 2018. Its website (inadem.gob.mx) is no longer maintained, and the National Entrepreneur Fund framework it administered was terminated. No successor institution with an identical venture capital mandate has been established by the Mexican federal government.

## Related profiles

- [National Industries Group](https://altss.com/profile/national-industries-group)
- [National Integrated Group Pension Plan](https://altss.com/profile/national-integrated-group-pension-plan)

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Last updated: 2026-06-03T20:00:00.000Z

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