The New Nation-Builders of America

June 21, 2007

Author: RICHARD SPRINGER

Source: Sikh News Network

http://www.sikhnet.com/Sikhnet/news.nsf/RecentNewsHTML/DCF6B77C3A022B4287257301005B218E!OpenDocument

The wave of immigrants who energized America's high-tech sector from 1995 to 2005 were well-educated and came to the United States mainly for further education and employment, not to launch new start-ups, according to a recently-released study. Also, among Sikh-American and other entrepreneurs of Indian origin during the decade, graduates of the Indian Institutes of Technology played a less dominant role than previous media reports have implied.

These are two of the more surprising findings in a new report on Education and Entrepreneurship, released on June 11, 2007 by the Ewing Marion Kauffman Foundation, the Pratt School of Engineering at Duke University, and the School of Information at the University of California at Berkeley.

The survey was a follow-up to a January 2007 report, "New Immigrant Entrepreneurs", which found that in 25.3 percent of technology and engineering companies started in the U.S. from 1995 to 2005, at least one key founder was foreign-born and 26 percent of those immigrant-launched firms had an Indian co-founder.