Startups could obtain green cards says “Obama”
Startups the world over spends a lot of time thinking of ways to vault hurdles and break down barriers.
One set of obstacles that could get a little easier to surmount are the immigration rules that keep foreign startups out of the United States and away from its talent and capital.
So says Adeo Ressi, founder of international incubator, Founder Institute, an organization that collects eager entrepreneurs through more than 100 chapters from Silicon Valley to Kabul and helps them launch their businesses with an 87% success rate.
According to Ressi, a White House representative – someone within the Office of Science and Technology Policy whom he declined to name – visited him and some of his Institute colleagues in Palo Alto on Jan. 30 and disclosed that within the year, President Barack Obama would likely sign an executive order that will allow promising startup leaders to obtain green cards and work visas to live in the United States temporarily.
Founder Institute head, Adeo Ressi suggested the White House could free up foreign startups to spend time in the U.S. Additionally, the Founder Institute proposed that if an entrepreneur is accepted by a credible incubator – i.e. one that produces a certain percentage of companies that meet the aforementioned funding standards – he or she would be granted a 9-month visa to stay in the country.
“The thesis,” says Ressi, “Is that we want to get the smart people at the beginning of their careers, give them enough time to come to the United States and raise either the $200,000 or the $750,000 necessary to get a longer term visa.” Ressi’s received no indication yet that the proposal will be adopted.
According to the post – written by deputy director for Technology and Innovation, Tom Kalil, and assistant director for Entrepreneurship, Doug Rand – the Department of Homeland Security would grant “Temporary ‘parole status’ to inventors, researchers, and entrepreneurs who may not qualify for the green card pathway” to permanent citizenship.
If Ressi is correct, foreign entrepreneurs with financial backing could arrive on American shores in droves, escaping less-than-advantageous startup policies and talent shortages in their homelands.
“This will siphon at least 5% up to 10% of all the top entrepreneurs all around the world to move to the United States,” says Ressi.
One hope for the countries that would lose these entrepreneurs is that the startups would adopt a model similar to one used by many Israeli entrepreneurs, moving their primary operations to the U.S. while maintaining R&D offices in their home country.
(Credits to Karsten Strauss)
The post Startups could obtain green cards “Obama” appeared first on TalksFriendite .