The Daily Dinar

UC Berkeley’s School of Information have published an interesting study of immigrant entrepreneurs in the United States. Some of their findings include:

• Nationwide, these immigrant-founded companies produced $52 billion in sales and employed 450,000 workers in 2005.
• Indians have founded more engineering and technology companies in the US in the past decade than immigrants from the U.K., China, Taiwan and Japan combined. Of all immigrant-founded companies, 26% have Indian founders.
• Almost 80% of immigrant-founded companies in the US were within just two industry fields: software and innovation/manufacturing-related services.
• Immigrants were least likely to start companies in the defense/aerospace and environmental industries. They were most highly represented as founders in the semiconductor, computer, communications, and software fields.
• The trend has been dramatic; according to our estimates the contribution of non-citizen immigrants to these international patent applications increased from 7.3% in 1998 to 24.2% in 2006.
• Over half (52.4%) of Silicon Valley startups had one or more immigrants as a key founder, compared with the California average of 38.8%.

hat tip: TJ