{"id":15569,"date":"2024-08-29T11:38:32","date_gmt":"2024-08-29T11:38:32","guid":{"rendered":"http:\/\/TheNextWeb=1409763"},"modified":"2024-08-29T11:38:32","modified_gmt":"2024-08-29T11:38:32","slug":"over-a-third-of-the-uks-fastest-growing-companies-have-a-founder-born-abroad","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15569","title":{"rendered":"Over a third of the UK\u2019s fastest-growing companies have a founder born abroad"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&amp;fit=1280%2C640&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F08%2FUntitled-design-3-1.jpg&amp;signature=cf897880af0c08c4452f5b41ad8bb748\" class=\"ff-og-image-inserted\"><\/div>\n<p>Here\u2019s a timely reminder of the benefits that immigrants bring to startups: 39% of Britain\u2019s 100 fastest-growing companies have a foreign-born founder.<\/p>\n<p>That\u2019s according to<span> new research the Entrepreneurs Network, a think tank based in London. <\/span><\/p>\n<p><span>The findings show \u201cthe critical contribution\u201d that international talent makes to the UK, the report\u2019s authors said.<\/span><\/p>\n<p>Undoubtedly, they have an outsized impact on the country\u2019s startups. Immigrants comprise an <a href=\"https:\/\/iasservices.org.uk\/how-many-immigrants-are-in-the-uk\/#:~:text=Immigration%20Population%20of%20the%20UK,of%20the%20total%20UK%20population.\" target=\"_blank\" rel=\"nofollow noopener\">estimated 14.8%<\/a> of Britain\u2019s total population, yet they\u2019ve founded over one-third of its fastest-growing businesses.<\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\" readability=\"0\"><a href=\"https:\/\/thenextweb.com\/conference\/tickets?utm_source=google&amp;utm_medium=display&amp;utm_campaign=global_tnw_media_event-registration_retargeting_launch_2025-tnw-conference-amsterdam_TNW\" data-event-category=\"Article\" data-event-action=\"In Article Block\" data-event-label=\"TNW Conference 2025 - Back to NDSM on June 19-20, 2025 - Save the date!\" target=\"_blank\" readability=\"7\" rel=\"noopener\"><\/p>\n<p class=\"ica-text__title\">TNW Conference 2025 &#8211; Back to NDSM on June 19-20, 2025 &#8211; Save the date!<\/p>\n<p>As we wrapped up our incredible 2024 edition, we&#8217;re pleased to announce our return to Amsterdam NDSM in 2025. Registration now!<\/p>\n<p><\/a><\/div>\n<\/div>\n<p>The new data echoes prior research from across the world. Studies <a href=\"https:\/\/thenextweb.com\/news\/startups-thrive-immigran-founders\" target=\"_blank\" rel=\"noopener\">show<\/a> that most billion-dollar startups in the US were founded by immigrants. Europe\u2019s list of unicorns with a foreign-born founder is also growing.<\/p>\n<p>Despite these contributions, hostile rhetoric towards immigrants has increased in recent years. Policy changes have created another set of problems for foreign-born talent.<\/p>\n<p>British universities say international students have <a href=\"https:\/\/www.ft.com\/content\/71b4c6e0-aad9-4e07-9859-152ca7f2dae2\" target=\"_blank\" rel=\"nofollow noopener\">been deterred<\/a> from studying in the country, while companies have withdrawn job offers to foreign graduates because of <a href=\"https:\/\/www.ft.com\/content\/0ec554b3-8f93-463c-b6b2-c21c442a5d19\" target=\"_blank\" rel=\"nofollow noopener\">new visa rules<\/a>. Startup founders have also <a href=\"https:\/\/www.cityam.com\/uk-startups-are-built-on-immigrant-talent-the-uk-will-fail-if-it-forgets-this\/\" target=\"_blank\" rel=\"nofollow noopener\">raised concerns<\/a> about restrictions on overseas talent.<\/p>\n<h2>A new founder magnet?<\/h2>\n<p><span>The Entrepreneurs Network wants Britain\u2019s new government to ease the barriers to entry. The think tank has the following recommendations:<\/span><\/p>\n<ul>\n<li>Reform eligibility thresholds to help startups and high-growth businesses access talent<\/li>\n<li>Harness the <a href=\"https:\/\/www.gov.uk\/government\/publications\/skilled-worker-visa-immigration-salary-list\/skilled-worker-visa-immigration-salary-list\" target=\"_blank\" rel=\"nofollow noopener\">immigration salary list<\/a> to buttress the government\u2019s industrial priorities<\/li>\n<li>Negotiate youth mobility schemes with the EU and the US<\/li>\n<li>Lower visa fees for high-skilled immigrants in line with international competitors<\/li>\n<li>Expand the \u201c<a href=\"https:\/\/www.gov.uk\/high-potential-individual-visa\" target=\"_blank\" rel=\"nofollow noopener\">High Potential Individual<\/a>\u201d visa to more universities<\/li>\n<li>Build a specialised task force to recruit international talent<\/li>\n<li>Grant advanced STEM students indefinite leave to remain upon graduation<\/li>\n<li>Introduce the world\u2019s first \u201cGlobal Talent Exam\u201d to actively recruit the world\u2019s brightest individuals<\/li>\n<\/ul>\n<p><span>According to The Entrepreneurs Network, these changes could become a magnet to innovation.<\/span><\/p>\n<p>\u201cPeople coming into our country to work are a huge force for good, and as our research shows once again, foreign talent is helping to build some of Britain\u2019s most exciting and lucrative companies,\u201d said <span>Eamonn Ives, the think tank\u2019s research director.<\/span><\/p>\n<p>\u201cWe need to ensure our immigration system recognises their incredible contribution, and doesn\u2019t needlessly throw up barriers to those who want to make our economy stronger and more dynamic.\u201d<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/uk-startups-have-foreign-born-founders\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a timely reminder of the benefits that immigrants bring to startups: 39% of Britain\u2019s 100 fastest-growing companies have a foreign-born founder. That\u2019s according to new research the Entrepreneurs Network, a think&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15569"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15569"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15570"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}