Immigrant’s cross-cultural experience is one of the most persuasive explanations for these entrepreneurs’ success in developed countries. They can enhance competitive company ideas and find greater business possibilities thanks to it. For #Enquiry: Website: https://www.phdassistance.com/blog/immigrants-potentials-to-emerge-as-entrepreneurs/ India: +91 91769 66446 Email: info@phdassistance.com

1. IMMIGRANT’S POTENTIALS
TO EMERGE AS
ENTREPRENEURS
An Academic presentation by
Dr. Nancy Agnes, Head, Technical Operations,
Phdassistance
Group www.phdassistance.com
Email: info@phdassistance.com

2. Introduction
Changing the Immigration
scenario
More Opportunities
Conclusion
01
04
02
05
03 The Evolving Consciousness
Today Discussion

3. According to a researcher, immigrants are more likely
to establish their own businesses than the ordinary
person is because immigrants are more prepared to
take chances because they are leaving their home
nations to make a new life for themselves.
Also Peter Vandor, a prominent researcher and lecturer
of Economics and Business at Vienna University,
"Because of self-selection, voluntary foreign migrants
tend to be more entrepreneurial (Vandor, 2022) ".
Introduction
contd...

4. In an article that was published in the Journal of World Business, Vandor demonstrates that the
remarkable propensity of foreign immigrants to form businesses—often at a considerably greater
rate than the native-born citizens of those countries—relies on their willingness to take reasonable
risks (Singer, 2021).
According to recent statistics, immigrants in the US are nearly twice more likely to start their own
business than Americans who were born abroad. More over 12 million of the 44.9 million
immigrants living in the United States, or 13 percent of the entire population, are business owners.
This demonstrates that immigrants not only have a higher likelihood of success, but are also more
likely to take a chance in general.

5. INPUTS OUTCOMES
HOST COUNTRY
HOME COUNTRY
Socio-economic
development
Socio-economic
development
Family
Provisional
business
project
Set of norms &
expectations
IMMIGRANT
ENTREPRENUERSHIP
TRANSNATIONLISM
IMMIGRANT
Set of norms &
expectations
Segmented
assimilation
Skills & experience
Personal motivation
& Migration Strategy
INTERVENING FACTORS

6. More Opportunities
In recent decades, immigrants have made tremendous
increases in their entrepreneurial contributions to these
industrialized countries.
This shift is occurring for a number of reasons.
This includes the fact that their abilities and skills are
valued and acknowledged more widely abroad than
they are at home.
contd...

7. A meeting place for people from various cultural backgrounds and migrant origins, developed
countries also provide as a strong foundation for globalised enterprises and communities
(Huang & Liu, 2019).
The number of migrants living thousands of miles from their homes has increased over the
previous 20 years, from 173 million in 2000 to 281 million in 2020.
Additionally, around one-fourth of all startups or technology companies founded in the United
States or Canada had at least one immigrant founder.

8. The Evolving Consciousness
The primary factors of immigration have always been access to
top-notch education, ease of doing business, state-of-the-art
infrastructure, global mobility, and a higher standard of living.
People have become more aware of the value of living in a safe
and economically stable country as a result of the Covid-19
infection and the uncertainty it has caused (Shinnar & Zamantılı
nayır, 2019).
The United States, the European Union, Canada, and the United
Kingdom are among the most sought-after locations for
immigrant entrepreneurs. Two-thirds of the world's immigrants
live in 20 nations, according to a recent research by the UN
Department of Economic and Social Affairs.

9. Changing the Immigration scenario
Three essential routes are used by immigrant
entrepreneurs seeking permanent residency in
Canada: the Intra-Company Transfer (C-11) visa, the
Canada Provincial Entrepreneur Visa, and the
Canada Startup Visa.
contd...

10. The United States provides foreign nationals with an E-2 visa that enables them to invest
and conduct business activities within the country.
Even yet, it's essential to remember that Indian nationals cannot immediately apply for
the E-2 visa.
To be eligible for the path, they must first complete an investment to become citizens of
Grenada.
The EB-5 Program also enables candidates to submit an investment-based US Green
Card application.
contd...

11. The International Entrepreneur Parole (IEP) Program was launched by the current Biden
administration, which is regarded as being more receptive to immigration than the
Trump government.
Through the Program, DHS will be able to use its parole authority to provide temporary
visas to foreign business owners coming to the US to develop cutting-edge enterprises
with promising prospects for employment creation (Brzozowski et al., 2019).
Similar to this, the EU Golden Visa Programs, which have only been in existence for a
little more than ten years, are successful in luring foreigners looking to invest in Europe.
contd...

12. Whether foreign nationals are only seeking for company expansion or already have a
business idea, Europe Startups and Entrepreneur Visa programmes are having a huge
impact on them.Furthermore, compared to other nations, Golden Visa schemes have a
lower required minimum investment.
As more foreign businesspeople are permitted in the post-Brexit environment, the UK is
also redefining the immigration process. In the future, it could offer more options to
Indians looking to move to the UK.
Through investment initiatives like the Business Innovation and Investment Programme,
the Global Talent Programme, and the Employer-Sponsored Programme, Australia is also
drawing immigrant entrepreneurs.

13. Conclusion
Immigrant’s cross-cultural experience is one of the most persuasive explanations for these
entrepreneurs' success in developed countries.
They can enhance competitive company ideas and find greater business possibilities thanks to it.
They are able to provide new products, be more inventive, provide better services, and
emphasize client preferences because of their diverse companies and cultural understanding.
Additionally, the exposure enables them to effectively share their expertise of consumer
difficulties. Similar characteristics are shared by many prosperous immigrant entrepreneurs.
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14. Reference
Assistance, P. 2021. Cross-cultural Capabilities of Immigrant Entrepreneurs.
Brzozowski, J., Cucculelli, M. & Surdej, A. 2019. Exploring transnational entrepreneurship.
Immigrant entrepreneurs and foreign-born returnees in the Italian ICT sector. Journal of Small
Business & Entrepreneurship. (31)5,. pp. 413–431.
Huang, X. & Liu, C.Y. 2019. Immigrant Entrepreneurship and Economic Development. Journal of
the American Planning Association. (85)4,. pp. 564–584.
Shinnar, R.S. & Zamantılı nayır, D. 2019. Immigrant Entrepreneurship in an Emerging Economy: The
Case of Turkey. Journal of Small Business Management. (57)2,. pp. 559–575.
Singer, C. 2021. Study Explains Why Immigrants Are More Likely To Become Entrepreneurs.
Vandor, P. 2022. Social Entrepreneurship Center.

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