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Native-Immigrant Entrepreneurial Synergies
Immigrants are a major source of entrepreneurship in the United States, driving both firm creation and innovation. Previous research has shown that of all businesses in the United States with paid employees, immigrants started approximately one-quarter of them, and they have been responsible for 23 percent of US patents produced since 1976, despite constituting only 16 percent of the total US-based inventor population. As of 2022, the four most valuable private, venture-backed US companies had immigrant founders, as well as three of the most valuable public companies in the world. Furthermore, research suggests that immigrant-founded firms in the United States and Canada are more innovative than native-founded firms. Moreover, immigrant entrepreneurs often do not form new companies in isolation; they frequently have native cofounders.
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