Friday, November 17, 2006

Indians Form 28% Of Immigrant Entrepreneurs In US

Indians are a key factor in the success of US entrepreneurship especially in the tech areas. According to a latest study, Indians account for 28 per cent of all foreign-founded private start-up companies in America.
The study titled, ‘American Made: The Impact of Immigrant Entrepreneurs and Professionals on US Competitiveness’, a first of its kind, found that over the past 15 years, immigrants have started 1 in 4 (25 per cent) US public companies that were venture-backed, representing a market capitalisation of more than $500 billion.
After India (28 per cent), they are the UK (11 per cent), China (5 per cent), Iran (4 per cent), and France (4 per cent).
The other findings are that nearly half of the immigrant entrepreneurs in the survey (46 per cent) arrived in the US as students. More than half of the founders started their businesses within 12 years of entering the United States.