Navigating the U.S. economic landscape as a foreign national can often seem daunting, particularly for those encountering the complexities of the H-1B visa lottery system. The Build Fellowship presents an innovative path, empowering global innovators to bring their entrepreneurial vision to the U.S. This article explores the significant contributions of foreign national entrepreneurs to the U.S. economy and details how The Build Fellowship provides vital support to these individuals.
Understanding the H-1B Visa Challenges
The H-1B visa is a crucial pathway for skilled foreign national experts and entrepreneurs aiming to work in the U.S., but it is hampered by a cap that is significantly lower than the demand. This cap results in a highly competitive lottery system, with a success rate of only about 45% in recent years, leaving many capable candidates without a visa. For more details on the H-1B visa process and challenges, visit our fellowship page.
The Role of Foreign National Entrepreneurs in the U.S.
Foreign national entrepreneurs are pivotal in driving innovation, creating jobs, and enhancing the U.S. economy. Immigrant-founded companies in the United States are major contributors to technological advancement and economic growth. According to a report by the National Foundation for American Policy, immigrants have started more than half of America's startup companies valued at $1 billion or more and are key players in more than 80% of these companies. These businesses span various sectors, from technology to retail, introducing innovative solutions and boosting competitiveness.
The Build Fellowship: A Gateway for Aspiring Immigrant Entrepreneurs
The Build Fellowship provides a valuable alternative for foreign nationals who have not been selected in the H-1B visa lottery. By focusing on entrepreneurial talent, the fellowship offers access to ongoing immigration support and a community of peers. This support helps entrepreneurs not only start but also scale their ventures within the U.S. market.
Fellows work 5+ hours per week launching experiential learning projects in their specialized fields at partner universities. This makes them eligible to be sponsored for a cap-exempt H-1B visa, allowing them to work full-time in the U.S. for up to three years. For an overview of our program and its benefits, see our for global talent page.
Impact Stories: Celebrating Success
The successes of our fellows demonstrate the significant impact of supporting foreign national entrepreneurs. These success stories reflect not only personal achievements but also how these entrepreneurs contribute to economic growth and job creation in their communities. For example, immigrant-led businesses are responsible for creating an average of 42 jobs each and significantly contribute to local and national economies.
By fostering an environment where foreign national entrepreneurs in the U.S. can succeed, The Build Fellowship plays an essential role in the narrative of American innovation and entrepreneurship.
For insights on the Build Fellowship’s impact on Fellow’s lives, visit our testimonials page.
Conclusion
In today’s global economy, leveraging the entrepreneurial drive of foreign nationals is crucial. The Build Fellowship is at the forefront of this mission, offering a vital platform for those overlooked by traditional visa processes. Through our comprehensive support and dedication to fostering innovation, we unlock the potential of global talent, contributing to a diverse and prosperous U.S. business ecosystem.
We encourage potential applicants, partners, and supporters to learn more about how The Build Fellowship is transforming the landscape for foreign national entrepreneurs. Together, we can build a more inclusive and innovative future.
For further information and to join our community, visit our homepage.
