SEARCH 
Global Services » Global Careers » Detailed Story
Immigrant Entrepreneurs: What's their Education Quotient?
High-tech immigrant entrepreneurs are the highly educated contributors to the U.S. economy. They typically enter the U.S. to study and spend years working in industry before going down the entrepreneurial path
RELATED CONTENT
ARTICLES
June 18th to June 22nd: Global Services Provider Index
"Customer Care is Only About Services, Not Outsourcing Locations"
U.S. Co.s to Offer Record High Variable-pay Awards in 2008
FIFA Scores a Goal with Satyam
May's Largest ITO Deals by German Co.s
BLOGS
The Search Industry Set to Join the Sourcing Brigade Soon
Legal Process Outsourcing
Nominate Top Cities for Global Sourcing
Outsource Everything. Insource Marketing
Inviting Nominations for the Global Services 100 Study

While the contribution of skilled immigrants to America’s technology and engineering startups has been recognized in the past decade as critical to the emergence of many of America’s most entrepreneurial companies, little has been known about the backgrounds of these immigrant entrepreneurs.

 

A recent report tracks the educational backgrounds of the immigrant entrepreneurs and found a strong correlation between educational attainment (particularly in the field of science, technology, engineering and mathematics) and entrepreneurship.

 

The study reveals that more than half of the foreign-born founders of U.S. technology and engineering businesses initially came to the U.S. to study. Very few came with the sole purpose of starting a company. Almost 40% of immigrant founders entered the country because of a job opportunity, whereas only 1.6% entered the country with entrepreneurship as their motive. They typically established the companies after working and residing in the U.S. for an average of 13 years.

 

Immigrant founders were educated in a diverse set of universities in both their home countries and across the U.S. No single U.S. institution stands out as a source of immigrant founders. Also, only 15% of Indians, who founded technology and engineering companies, were educated from the famed Indian Institutes of Technology.

 

On an average, 31% of the engineering and technology companies that were surveyed had an immigrant as a key founder. This compares to the national average of 25.3%.

 

Technology centers with a greater concentration of immigrant entrepreneurs in their state averages include Silicon Valley (52.4%), New York City (43.8%) and Chicago (35.8%). Three technology centers had a below-average rate of immigrant-founded companies: Portland (17.8%), Research Triangle Park (18.7%) and Denver (19.4%).

 

The report has been written by Duke University, Kauffman Foundation and the Berkeley School of Information.

 

“The U.S. economy depends on these high rates of entrepreneurship and innovation to maintain its global edge,” says Vivek Wadhwa, Lead Researcher and Executive-in- Residence, Pratt School of Engineering, Duke University. “We now face a choice — to encourage more Americans to complete higher degrees in these fields, or to encourage foreign students to stay in the U.S. after completing their degrees. We need to do both,” he further states.

Digg Del.icio.us E-mail 
   [1] 
TALK BACK
     Name:  *  Email:  *
  Subject:   
Comment:  *
  
by Adyasha on 7/11/2007 1:58:10 AM
Hey Rishi, my article was based on a study which was a follow-up of another study conducted by the people of Duke University, Kauffman Foundation and Berkeley School of Information. The earlier study was conducted earlier this year, sometime in Jan. So you would have read some news piece based on that report. Infact, we too carried a news piece in our magazine titled "Immigrants-founded Co.s Contributed $52 Billion", that time as well.
 

by rishi on 6/21/2007 9:36:00 AM
Hey, Atleast dont copy - paste the news...you are providing News on Net and you can not just copy paste...coz it will show the capability of your website and editors... Sorry for such Nasty remark but I have already read this article.....
 

PRINT EDITION
View Digital Magazine
Back Issues
Subscribe

About Global Services  |  Contact Us  |  Advertise with Us  |  Privacy Policy  |  RSS  |  Write for Global Services

PCQuest | Dataquest | Voice&Data | Living Digital | DQ Channels | DQ Week | CIOL | CyberMedia Events
Cyber Astro | CyberMedia Digital | CyberMedia Dice | CyberMedia | BioSpectrum | BioSpectrum Asia
Copyright © 2008 GLOBAL SERVICES all rights reserved