The profile of the innovative entrepreneur in Mexico

Abstract

For a country, it is essential to know the qualities that an innovative entrepreneur must possess to generate policies that promote the appropriate profiles and, in turn, foster development. This paper is aimed at outlining the innovative entrepreneur profile for the case of a developing country such as Mexico, contrasting the results with the theory, and finding a difference in the profile of a developed country. The study uses Global Entrepreneurship Monitor data and applies nonlinear parametric models. The results indicate that young adults with high educational achievement and international capabilities have more probability to undertake and innovate. Moreover, it is desirable they perform in industries like manufacturing or information and communications, and dispose of enough income, whereas variations in the motivation of individuals do not affect the results. It is also important to develop the profiles with a gender perspective.