Navigation Links
Immigrant Entrepreneurs Demonstrate Growing Contribution To U.S. Economy, Says American Made 2.0

Washington, D.C. (PRWEB) June 20, 2013

The National Venture Capital Association (NVCA) today released high level findings from a study that examines the contributions of immigrant entrepreneurs to the U.S. economy. American Made 2.0: How Immigrant Entrepreneurs Continue to Contribute to the U.S. Economy provides an update to a 2006 report and finds that immigrants are having an even greater impact on U.S. competitiveness today, despite high-skilled immigration policies that many believe harm job creation, innovation and capital creation. The analysis concludes the contributions of immigrants to the United States would be even greater if Congress adopted the right policies on startups and high skill immigration.

“As Congress debates comprehensive immigration reform, understanding the contributions of high-skilled, foreign born entrepreneurs to our country is imperative to ensuring meaningful changes to our system,” said Mark Heesen, president of the NVCA. “These individuals have founded many of America’s most successful companies, keeping jobs, market value and innovation here in the United States. Our policies must not only accept but welcome the next generation of immigrant entrepreneurs who are making even greater strides in starting and growing amazing companies.”

The full study, which will be available in its entirety in early July, was authored by Stuart Anderson of the National Foundation for American Policy, former head of policy at the Immigration and Naturalization Service, and commissioned by the NVCA. American Made 2.0 determined the nativity of the founders of U.S. venture-funded companies that became publicly traded both before and after 2006. In addition, privately-held venture-backed companies were surveyed for their views on current immigration policy and potential reforms to the immigration system.

Highlights from the study include:

An increasing number of public companies have immigrant founders. Of the U.S. venture-backed companies that became publicly traded between 2006 and 2012, 33 percent have at least one immigrant founder. These companies include well-known names such as Facebook, LinkedIn, Zipcar and Tesla Motors. This compares to 20 percent of venture-funded companies with an initial public offering prior to January 1, 2006. Before 1980, only seven percent of U.S. publicly traded venture-funded companies had an immigrant founder or co-founder.

The value created to date by immigrant-founded venture-backed companies is extraordinary. Venture-backed, publicly traded immigrant-founded companies have a total market capitalization of $900 billion (as of June 2013), an increase of approximately $400 billion since 2006 when the market value of these companies was in the $500 billion range.

Immigrant entrepreneurs create jobs. Immigrant-founded venture-backed, public companies employ approximately 600,000 people worldwide, the majority in the United States. Among the largest employers are Intel, Google, Sanmina, eBay, PAREXEL, and Yahoo!. Immigrant-founded companies that went public since 2006 employ 65,450 people, with annual sales of over $17 billion.

To provide greater insight into privately-held venture-backed companies, NVCA also sent surveys on immigrant entrepreneurs and immigration policy to venture capital members, which forwarded them to companies in which they have invested. NVCA received over 600 responses.

Of those surveyed, thirty-three percent of the entrepreneurs were foreign-born, with top countries of origin being India, the United Kingdom, Canada, France, Israel and Germany. Sixty-one percent of the privately-held immigrant-founded companies held one or more patents.

The survey results indicated that company executives believe America’s immigration system needs to be reformed. Among all private company founders, both native-born and foreign-born, 79 percent believed “The process for a foreign-born entrepreneur to enter and remain in the U.S. to start a business is too difficult.” Overall, 74 percent of companies agree “Current U.S. immigration laws for skilled professionals harm American competitiveness.” Finally, 90 percent of both native-born and foreign-born company founders believe a start up visa category would benefit the U.S. economy. Two-thirds of immigrant entrepreneurs indicated that “A start up visa category would have been helpful when starting their company in the United States.”

Under U.S. immigration law today, American employers can hire skilled foreign nationals on an H-1B temporary visa, but for more than a decade the supply of H-1B visas has been exhausted before the end of the fiscal year. Fifty-seven percent of the companies replied that “projects had been delayed because of the lack of H-1B visas.” Forty-three percent of the companies said the lack of H-1B visas influenced the company’s decisions to place or hire more personnel in facilities located outside the United States.

“The study demonstrates not only the contribution of immigrant entrepreneurs but also broad-based support from the entire U.S. start-up community for meaningful immigration reform that allows high skilled and entrepreneurial foreign born professionals to start and grow companies in America,” said Anderson. “If Congress enacts the solutions proposed by today’s cutting-edge companies – a startup visa category as well as more temporary visas and green cards for highly skilled foreign nationals -- then we are likely to see more jobs and innovations created in the United States.”

The full study, with more details on demographics and industry sectors as well as case studies, will be released in July 2013.

About the National Venture Capital Association

Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its nearly 400 members through a full range of professional services. For more information about the NVCA, please visit

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Immigrant women giving birth in Spain suffer great stress, a study warns
2. Green biased yellow fever swept through Irish Immigrants in 19th century US
3. Childrens health, access to care differ by parents immigrant status
4. Children of U.S. Immigrants May Have Academic Edge
5. Jamaican teen immigrants do better when they retain strong ties to original culture
6. Babies born to immigrant women in Ontario bigger than those born in their mothers native countries
7. GW launches center to address health disparities in the Latino immigrant community
8. Local Entrepreneurs Find New Landing Spot in the Center for Entrepreneurial Innovation at GateWay Community College
9. Young CEO Delivers Keynote Address to Inspire Collegiate Entrepreneurs at Regional Conference
10. Entrepreneurs Blog to Change the World, One Customer at a Time
11. Health and Harmony LLC Offers New Business Packages for Entrepreneurs
Post Your Comments:
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... Lizzie’s Lice ... The company is offering customers 10% off of their purchase of lice treatment product. ... at full price. According to a company spokesperson. “Finding lice is a sure way ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... of the well-respected Microsoft Dynamics SL User Group (MSDSLUG). Recognized as Microsoft’s official ... independent group of Microsoft Dynamics SL software users, partners, industry experts and representatives. ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... the largest, most successful and prominent nonprofit healthcare organizations in the country. They ... involvement with various organizations, and helped advance the healthcare industry as a whole ...
(Date:11/26/2015)... ... November 26, 2015 , ... Inevitably when people think Thanksgiving, they also ... buy during the Black Friday and Cyber Monday massage chair sales to ... Internet high and low to find the best massage chair deals, they can see ...
(Date:11/26/2015)... ... November 26, 2015 , ... PRMA Plastic Surgery is updating their ... surgeons performed their 6,000th free flap breast reconstruction surgery! , “What an accomplishment for ... excited to rebuild lives and it’s an honor to have served all of these ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... -- 3D bioprinting market is expected to ... report by Grand View Research Inc. Rising prevalence of chronic ... transplantation is expected to boost the market growth, as 3D ... --> 3D bioprinting market is expected to ... report by Grand View Research Inc. Rising prevalence of chronic ...
(Date:11/26/2015)... , November 26, 2015 ... of the "2016 Future Horizons and ... Abuse Testing Market: Supplier Shares, Country Segment ... to their offering. --> ... "2016 Future Horizons and Growth Strategies ...
(Date:11/26/2015)... , November 26, 2015 ... --> adds "Global Repaglinide ... "Investigation Report on China Repaglinide Market, ... forecasts data and information to its ... . --> ...
Breaking Medicine Technology: