Document Number: 7814Education and Tech Entrepreneurship - This portrait of American-born founders of technology companies follows an earlier study which revealed that between 1995 and 2005, 25.6 percent of U.S. technology startups were founded by immigrants highly educated in STEM-related fields. The Americans, too, tended to be well educated; 92% had bachelorís degrees. However, a third of the degrees awarded American founders were in business, accounting and finance. Their average age when they started their companies was 39. Twice as many were older than 50 as were younger than 25. Nearly half of them created companies in the states where they received their educations. (Vivek Wadhwa, Richard Freeman and Ben Rissing, The Kauffman Foundation, May 2008)...
Related IssuesEconomic/Workforce Development