Foreign innovation drives startup economies, and in the US alone, 51% of billion-dollar startups were founded by immigrants.
Cities across the world have taken notice: encouraging the free movement of information and talent is crucial to tech sector success. That’s why Singapore, a longtime advocate of attracting foreign talent, has seen major growth as a startup hub. As Industry Leaders Magazine reports, this city-island-nation has the potential to become the next Silicon Valley.
The recent American limits to the refugee program and entry limits for citizens of certain countries is hitting home for citizens of a community without national borders: the tech industry.