US Brain Drain!

International Entrepreneur Final Rule applied to international entrepreneurs who can demonstrate that their entry into the United States would provide a significant public benefit to the United States, by the receipt of significant capital investment from U.S. investors with established records of successful investments, or obtaining significant awards or grants from certain Federal, State or local government entities. Such entrepreneurs would be admitted initially up to 30 months which could be extended by up to an additional 30 months to facilitate their ability to oversee and grow his or her start-up entity in the United States.

This program is slated for the garbage heap!

This move is a blow to foreign students who want to start high tech ventures and moves intellectual capital overseas to other countries. We are giving away our intellectual property. This program was intended to provide local US jobs and to retain foreign talent especially because H1B visas were not available to retain this talent.  This is a severe blow to talented foreign PhD and Master Degree holders, who will now take their know how overseas.

Please go to http://www.regulations.gov to upload your comments.

Nalini Mahadevan nsm@mlolaw.us  314-932-7111 or 314-402-2024.

You know the usual!  Not intended as legal advice!

 

Related Articles:

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Social Share Toolbar
Facebooktwittergoogle_pluslinkedinrssyoutubeby feather
Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather

Leave a Reply

Your email address will not be published. Required fields are marked *