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June 11, 2012 05:00 am GMT

Startup Act 2.0: Great For Foreign Graduate Students, But Not Foreign Tech Entrepreneurs

DSC_0041Startup Act 2.0 was just introduced in the U.S. Congress, and hearings of the bill are starting shortly.When it comes to U.S. visas, company founders are among the most discriminated folks. Unlike employees, they cannot get a work visa (called H1-B) or any other long-term visa. I care about attempts to enact legislation that will make it easier for foreign-born entrepreneurs to move to the U.S and start companies here for a good reason.I train students that graduate with master's degree in Math and Computer Science from definitely most selective and arguable the best technology school in Russia and go on to Ph.D. programs and employers worldwide. Our program includes a year of startup building, and a lot of my graduating students not only have the ability and drive to succeed as entrepreneurs but frequently also a team that worked together for several years and a prototype. Many of these projects could take off as startups in Silicon Valley if only the young founders could get here and stay. I read the new bill with a marker and the more I read, the greater was my disappointment.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-elwnMt254c/

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