Since the beginning of the 21st century, a new institutional figure starts to appear in the arena of Mexican higher education: the socalled “intercultural university”. What was first presented and conceived just as another link in the chain of preschool, primary and increasingly also post-primary schools “with an intercultural and bilingual approach”, created in and for the indigenous and multilingual regions of Mexico, now starts to have characteristics of a new uni- versity subsystem destined to provide an academic training which is supposed to be culturally relevant to students who are defined as diverse and different in ethnic, linguistic and/or cultural terms. In practice, this new educational offer is focused on students from indigenous regions who have been excluded from formal higher education and have had access only recently to complete basic education and also gradual access to upper secondary education. In this contribution, we briefly sketch the general tendencies that characterize this emerg- ing educational subsystem, before illustrating a case study which stems from a collaborative ethnography that we are conducting with one of the intercultural universities, the Universidad Veracruzana Intercultural (UVI), in order to finally draw some conclusions on the allegedly “intercultural” character of this new educational institution. Key words: intercultural education; intercultural university; collaborative ethnography; Veracruz.