The founding of the Instituto Politécnico Nacional (IPN) in 1936 as a government-funded institution in the northern part of Mexico City, trained a new generation of Mexicans. In northern Mexico, the Monterrey Institute of Technology and Higher Education, known in Mexico as the Tec de Monterrey was founded by northern industrialists in 1942, with the programs designed by a former faculty member of the IPN and modeled after the Massachusetts Institute of Technology. From a small, private inception, the Tec de Monterrey built a major campus inaugurated by President Alemán in 1946, and has been a magnet for students from other areas of Latin America.[11]