Home > For Public Authorities > Kauffman Policy Digest Makes the Case for Welcoming Immigrant Entrepreneurs to U.S. with a ‘Startup Visa’

Kauffman Policy Digest Makes the Case for Welcoming Immigrant Entrepreneurs to U.S. with a ‘Startup Visa’

Following the previous study on immigrants and its relation to entrepreneurship, Kauffman Foundation recently issued an Entrepreneurship Policy Digest that highlights strategies for how a “startup visa” would allow immigrants to start businesses here after satisfying certain funding, employment and other requirements.

The Policy digest states that currently there are several startup visa legislative proposals in the U.S. Senate and House of Representatives, and it features a Kauffman Foundation analysis of possible economic contributions of one such proposal and goes on to offer the following research-based strategies to maximize the benefits of any startup visa:

 

Broaden Eligibility Thresholds

  • Fewer than 1 percent of new businesses receive venture capital investment at the outset.
  • While not all businesses receive outside investment capital, viable businesses will generate revenue. Recognizing that it can take time to develop, market and sell a product or service, revenue-generation over time could be a measure of potential entrepreneurial success.
  • Since a startup visa is meant to boost economic growth and create jobs, initial job creation could be a measure used to determine visa eligibility, so long as the requirement is not overly restrictive

To read the full policy digest, please visit here.

Check Also

The Role Of Ventures In Strengthening The Fabric Of The City The case of Chennai

A city can support ventures... and should, because ventures return the favor in ways you might not expect. This article by CIV International Research Affiliate Thillai Rajan A., and Vikram Kapur, shows how the presence of venture can energize the hosting city, leading to a virtuous symbiotic equilibrium. It uses as a case study the South Indian city of Chennai, founded in 1639, which is one of the thriving metropolitan cities of India today, presented in an insightful paper and a CIV City Case.

Leave a Reply