June 11, 2007

Immigrant Entrepreneurship Boom

A new study from the Kauffman Foundation reveals that between 1995 and 2005, 25.3 percent of technology and engineering companies had at least one founder who immigrated to the United States. According to the study, “nationwide, these immigrant-founded companies produced $52 billion in sales and employed 450,000 workers in 2005. The majority of these immigrant entrepreneurs came from India, United Kingdom, China, Taiwan, Japan and Germany.”

In the article, Robert Litan, vice president of Research and Policy at the Kauffman Foundation provides some insight into the types of immigrant entrepreneurs who have helped to create some of the top startups in the country.

“These are individuals who initially entered the United States either as students or as employees of corporations that sponsored their visas, but who eventually created new businesses,” Litan explains. “These startup founders are very well educated, particularly in STEM disciplines, suggesting that research, technical education and thought leadership are drivers of new business generation.”

To read the entire article click here

How many of you have startup companies with founders who immigrated to the states?