Thursday, January 04, 2007

Immigrant Entrepreneurs Run 25% of High Tech US Startups

Following a report from the National Acadamy of Engineering (which I wote about here), a team of researchers from Duke University have released a study (results were published this morning):

Foreign-born entrepreneurs were behind one in four U.S. technology startups over the past decade, according to a study to be published Thursday.

A team of researchers at Duke University estimated that 25 percent of technology and engineering companies started from 1995 to 2005 had at least one senior executive — a founder, chief executive, president or chief technology officer — born outside the United States.

Immigrant entrepreneurs' companies employed 450,000 workers and generated $52 billion in sales in 2005, according to the survey.

Their contributions to corporate coffers, employment and U.S. competitiveness in the global technology sector offer a counterpoint to the recent political debate over immigration and the economy, which largely centers on unskilled, illegal workers in low-wage jobs.

"It's one thing if your gardener gets deported," said the project's Delhi-born lead researcher, Vivek Wadhwa. "But if these entrepreneurs leave, we're really denting our intellectual property creation."

Among some of these startups founded by immigrant entrepreneurs, which have later become the lords of Silicon Valley, are Google, Sun Microsystems, and a host of others...

You can read the rest of the article here.

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