Check out our newest Newsletter on "MULTICULTURAL MAGIC: B2B GROWTH"
Entrepreneurship is important; it spurs innovation, employment and economic growth. It is estimated that immigrants/multiculturals, create businesses at 2-3 times the average rate. Some start as SOHO (small office, home office) and grow into larger businesses which can be categorized by SIC codes, with many employees and sizable sales volumes.
A study by Duke University, University of California, Berkeley, and Harvard University found that immigrants founded almost 52 % of Silicon Valley startups launched from 1995 to 2005. A quarter of the patents filed during the same period came from immigrants.
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