Read Write Web
October 12, 2012
Immigration has always been the engine that drives the American economy. In Silicon Valley, foreign-born entrepreneurs have founded half the region’s startups in recent years – and kept the U.S. economy moving forward. So what happens if that innovation engine stalls? We’re about to find out.
A new study shows the number of immigrant-founded startups in Silicon Valley has tumbled from 52.4% to 43.9% since 2005. The study was sponsored by the Kauffman Foundation and conducted by Vivek Wadhwa, who’s the director of research at the Center for Entrepreneurship and Research Commercialization at Duke University.