Immigrant’s Potentials to Emerge as Entrepreneurs

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IMMIGRANTS POTENTIALS TO EMERGE AS
ENTREPRENEURS
An Academic presentation by Dr. Nancy Agnes,
Head, Technical Operations, Phdassistance Group
www.phdassistance.com Email info_at_phdassistance.c
om
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Today Discussion
01 02 03 04 05
Introduction
More Opportunities
The Evolving Consciousness
Changing the Immigration scenario
Conclusion
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Introduction
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)
". contd...
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In an article that was published in the Journal
of World Business, Vandor demonstrates that the
remarkable propensity of foreign immigrants to
form businessesoften at a considerably greater
rate than the native-born citizens of those
countriesrelies 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.
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INPUTS
OUTCOMES
INTERVENING FACTORS
HOST COUNTRY
Socio-economic development
Set of norms expectations
Segmented assimilation
TRANSNATIONLISM
IMMIGRANT
Skills experience
IMMIGRANT ENTREPRENUERSHIP
Personal motivation Migration Strategy
Socio-economic development
Set of norms expectations
Provisional business project
Family
HOME COUNTRY
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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...
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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.
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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 Zamantili nayir, 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.
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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...
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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...
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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...
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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.
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Conclusion
Immigrants 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. PhD assistance provides
the best dissertation writing help in business
management and also assists scholars in academic
research, research proposal and writing
dissertations from scratch in different subject
domains.
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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.
  413431.
• Huang, X. Liu, C.Y. 2019. Immigrant
  Entrepreneurship and Economic Development.
  Journal of the American Planning Association.
  (85)4,. pp. 564584.
• Shinnar, R.S. Zamantili nayir, D. 2019.
  Immigrant Entrepreneurship in an Emerging
  Economy The Case of Turkey. Journal of Small
  Business Management. (57)2,. pp. 559575.
• Singer, C. 2021. Study Explains Why Immigrants
  Are More Likely To Become Entrepreneurs. Vandor,
  P. 2022. Social Entrepreneurship Center.

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