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Wednesday, January 04, 2012

Immigrant Entrepreneurs and Venture Capital

A study published by the National Foundation for American Policy (NFAPP) in December 2011 reported on the growing impact immigrant entrepreneurs are having on America’s economy. Nearly 50 percent (24 out of 50) of the top 50 venture-funded companies had a least one immigrant founder.

According to the study: ”Immigrants have started nearly half of America’s 50 top venture-funded companies and are key members of management or product development teams in more than 75 percent of our country’s leading cutting-edge companies.” The most common country of origin for an immigrant founder of a top 50 venture-backed company was India, Other leading countries included: Israel, Canada, Iran and New Zealand.

Karen Kerrigan, President & CEO

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