A new Ewing Marion Kauffman Foundation report that tracks the educational background of immigrant technology entrepreneurs found a strong correlation between education in science, technology, engineering, and math (STEM) fields and entrepreneurship.

The majority of those surveyed were highly educated, with 96 percent of immigrant technology and engineering company founders holding bachelor’s degrees, and 74 percent holding graduate or post-graduate degrees. Three-quarters of all degrees were in STEM fields, and 53 percent obtained their highest degree in U.S. universities. The survey, which examined key founders of companies in 11 different geographical centers of technology and engineering between 1995 and 2005, found that very few who came to the United States to study had any plans to start a company. Nearly 40 percent entered the United States for work, and only 1.6 percent intended to start a business. Most founded their companies after working and residing in the United States for an average of 13 years.

The study is intended to make leaders more aware of the significant role immigrants have played in U.S. technological entrepreneurship, and argues that the United States could benefit from a more “enlightened” immigration policy that would attract and retain highly skilled foreign workers who could potentially become entrepreneurs. “The U.S. economy depends on these high rates of entrepreneurship and innovation to maintain its global edge,” says lead researcher Vivek Wadhwa, Duke University’s executive in residence at the Pratt School of Engineering.

“We now face a choice–to encourage more Americans to complete higher degrees in these fields, or to encourage foreign students to stay in the United States after completing their degrees. We need to do both.”

Source: eweek.com ( http://www.eweek.com/article2/0,1895,2148250,00.asp)

 

2 Responses to America needs STEM immigrants, of course

  1. […] As a general rule, the best jobs are to be found in STEM related careers. STEM stands for Science, Technology, Engineering and Math. See how successful most […]

  2. says:

    […] networking, security) and Enginnering (i) As a general rule, the best jobs are to be found in STEM related careers. STEM stands for Science, Technology, Engineering and Math.See how successful most […]

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