Indians account for one-third of immigrant-led US startups

October 03, 2012 08:34

Business units set up by Indian-Americans continue to be a critical component of the US economy even as immigrant-founded startups are facing a decline in the country, a latest report has said.

The Indian-origin people, known for their entrepreneurial skills, stand ahead of others by owning 33.2 per cent of the engineering and technology companies founded by immigrants during the period of 2006-12.

"Of the total of immigrant-founded companies between 2006 and 2012, 33.2 per cent had Indian founders, up about seven per cent from 2005," said the "America's New Immigrant Entrepreneurs: Then and Now" report.

Indians have founded more such companies than immigrants born in the next top seven countries combined, says the 32-page report released by Kauffman Foundation, showing that the proportion of immigrant-founded companies nationwide has slipped from 25.3 per cent to 24.3 per cent since 2005.

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