Slideshow

Immigrants Behind More U.S. Startups—PICTURES

June 5, 2012, 5:03 a.m.

For­eign-born people are twice as likely as Amer­ic­an nat­ives to want to start a busi­ness, and in 2011, im­mig­rants fol­lowed through on their dreams to launch 25 per­cent of U.S. star­tups, a re­cent re­port finds.

The power of im­mig­rant-driv­en in­nov­a­tion and cre­ativ­ity is es­pe­cially felt in the tech­no­logy and en­gin­eer­ing in­dus­tries, where about a quarter of com­pan­ies launched between 1995 and 2005 were foun­ded by at least one im­mig­rant, ac­cord­ing to a 2007 study from Duke Uni­versity.

Wash­ing­ton has re­spon­ded in kind, in­clud­ing at­tempts to ex­pand work visas to spe­cific­ally in­clude highly skilled work­ers and most re­cently by in­tro­du­cing Star­tup 2.0, le­gis­la­tion de­signed to keep for­eign en­tre­pren­eurs who have gradu­ated from uni­versit­ies in the coun­try.

Last week, For­bes con­trib­ut­or Ilya Poz­in com­piled a list of top im­mig­rant-owned tech star­tups, in­clud­ing wildly pop­u­lar photo-shar­ing ser­vice In­s­tagram and bank­ing ser­vice Simple. We’ve ex­pan­ded on that list to in­clude sev­er­al oth­er for­eign en­tre­pren­eurs of note.

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