1/3/2007

Immigrants Behind 25 Percent of Startups

Filed under: Aviran Mordo @ 10:55 pm

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.

Source: AP

 

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