Jan 5 2007
Immigrants Leading Entrepreneurship in the U.S., Says Duke University Report
A report by a team of student researchers at the Pratt School of Engineering at Duke
University details the impact of globalization on the U.S. economy and, specifically, the
profession of engineering. The report highlights the role skilled immigrants play in
leading innovation and creating jobs and wealth in the engineering/technology sector.
Highlights of the Duke report include the following information about engineering and
technology companies started in the U.S from 1995 to 2005:
View the full report > America's New Immigrant Entrepreneurs
- At least one key founder in one quarter of all these companies was foreign born.
States with the highest rate of foreign-born founders include California, New Jersey and
Georgia. States with below average rates include Washington, North Carolina and
- These companies, formed by immigrants, produced $52 billion in sales;
450,000 employees worked for these companies in 2005.
- More engineering/technology companies in the U.S. were founded by Indians
than British, Chinese, Taiwanese and Japanese immigrants combined.
- Immigrant businesspersons vary by region. In Florida, the majority of
immigrant-founded companies were formed by Hispanics; Israelis founded more
companies in Massachusetts than any other immigrant group; in New Jersey, 47% of all
immigrant-founded engineering/technology companies were started by Indians.
- Nearly 80% of all immigrant-founded companies in the U.S. were either software
companies or innovation/manufacturing-related services.
- Foreign nationals living in the U.S. were named as the inventors or co-inventors
in 24.2% of all international patent applications filed by the U.S. in 2006. This number
does not include immigrants who have since become U.S. citizens. This number rose
dramatically over the past decade. In 1998, non-citizen immigrants contributed to only
7.3% of all international patent applications filed by the U.S.