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Immigrant, Inc.: Why Immigrant Entrepreneurs Are Driving the New Economy

1 rating: 5.0
A book by Richard T. Herman

"Immigrant, Inc., is the provocative title of a book that argues that talented newcomers are the best hope that America has to create the jobs we will need to lift this country out of recession." (sfgate.com, January 18, 2010) "The authors … see full wiki

Author: Richard T. Herman
Publisher: Wiley
1 review about Immigrant, Inc.: Why Immigrant Entrepreneurs...

New Immigrants

  • Mar 20, 2010
Rating:
+5
Immigrant Inc. by Richard T. Herman and Robert L. Smith
Wiley Publishers 2009

According to the author, today's immigrants are twice as
likely to launch a new business, a high rate secure advanced
degrees,immigrant founders are behind over half of new tech
start-ups in Silicon Valley alone. Lastly,immigrants are
more likely to patent new ideas, inventions and processes.

Samples of new immigrant founders or co-founders are:

o Andy Grove of Intel (Hungarian)
o Jerry Yang of Yahoo ( Taiwan)
o Ying Wu of UT Starcom Inc. ( China)
o Alberto Sangiovanni and Vincentelli of
Cadence Design Systems Inc. (Italy)
o Lewis Salton, Salton, Inc. (Poland)
o Subrah S. Iyar, WebEx Communications (India )

The volume documents a marvelous partnership between
Chrysler and A123 Systems for the development of a
high-energy lithium battery for automobiles made by
Fiat. A $2B stimulus loan from the Advanced Technology
Manufacturing Incentive Program is targeted at
building plants to manufacture the new lithium car
batteries built by A 123 Systems.

Grama and White studied how milk was made in India.
Then, they proceeded to blend Grama's knowledge of
Thermodynamics with advances in photovoltaics.
The pair looks forward to manufacturing solar powered
refrigerators run by simple microprocessors. The solar
cooler could preserve cow's milk, yogurt and medicines
in villages throughout the world lacking electricity.

The authors cite a website which encourages new
entrepreneurs to discuss their ideas and strategies.

[...]

This work is a virtual goldmine for anyone seeking to start a
new business venture.

Dr. Joseph S. Maresca

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