immigration entrepreneurs

NACIE recommends a national entrepreneurship competitiveness strategy

The National Advisory Council on Innovation and Entrepreneurship voted today to accept proposed recommendations for a national competitiveness strategy. One recommendation is establishing a National Innovation Council to coordinate entrepreneurship-related federal government activities nationwide. This council would prioritize efforts related to critical technologies through various actions, including “requiring mandatory reporting of demographics of venture capital (VC) investments” and “supporting the development of best practices and standards for evaluating the effectiveness of entrepreneur support programs.”

Recent Research: The key role of immigrants in the U.S. innovation ecosystem

As the U.S. seeks to maintain its competitive edge in the global economy, it is important to acknowledge the contributions of immigrant innovators toward U.S. growth and competitiveness. Despite making up only 16% of the population, immigrant inventors are responsible for approximately 36% of the U.S. innovative output since 1990, and have founded some of the most successful companies in the nation. This article draws on a variety of recent reports and studies to provide insights into the many ways immigrant innovators are essential to our robust innovation ecosystem, including their role in U.S.-based startups, contributions to patents, and more.

Recent Research: High-skilled immigrant entrepreneurs create a positive effect on U.S. entrepreneurial ecosystem

Two recent working papers — The Impact of High-Skilled Immigration on Regional Entrepreneurship from Columbia University and Getting Schooled: The Role of Universities in Attracting Immigrant Entrepreneurs from the Philadelphia Federal Reserve Bank — explore the impact of high-skilled immigrants on entrepreneurship and how universities attract immigrant entrepreneurs. Both papers find that high-skilled immigrants have a positive net effect on regional entrepreneurship and are critical to the entrepreneurial ecosystem.

DHS withdraws previously proposed removal of the International Entrepreneur Parole Program

The Department of Homeland Security has recently announced its withdrawal of the previously proposed removal of the International Entrepreneur Parole Program. The program allows for DHS to use its parole authority to grant foreign entrepreneurs a period of authorized stay within the United States with the aim that their start-up business can serve as a public benefit through job creation and economic development.

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