Reasearch Team Includes Experts from the Rock Center for Corporate Governance at Stanford Law School
The Kauffman Foundation announced a new study today indicating that high-tech, immigrant-founded startups — a critical source of fuel for the U.S. economy — have stagnated and are on the verge of decline.
America’s New Immigrant Entrepreneurs: Then and Now shows that the proportion of immigrant-founded companies nationwide has slipped from 25.3 percent to 24.3 percent since 2005. The drop is even more pronounced in Silicon Valley, where the percentage of immigrant-founded startups declined from 52.4 percent to 43.9 percent.
The research was conducted by Vivek Wadhwa, director of research at the Center for Entrepreneurship and Research Commercialization at the Pratt School of Engineering, Duke University, and fellow at the Rock Center for Corporate Governance at Stanford Law School; AnnaLee Saxenian, dean and professor at the Berkeley School of Information; and F. Daniel Siciliano, professor of the practice of law and faculty director of the Rock Center for Corporate Governance. The research findings are the subject of a book being released today by Vivek Wadhwa, The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent.
Read more about the Kauffman Foundation report here.
Visit ImmigrantExodus.com, a resource for journalists and a voice for immigrant entrepreneurs that was launched by Vivek Wadhwa with funding from the Kauffman Foundation.