With the aim of assisting overseas students in obtaining the H1-B visas, Columbia and four other higher education institutions in Chicago have launched business programs.
The Vice-provost and Lead project developer of Global Education Marcelo Sabatés said that Resident Global Entrepreneur program permits overseas students to build their business while also partnering with a college.
He said that CEO and President Kwang-Wu Kim and administrative members of other colleges were approached by the city workers to become a part of the initiative. Sabatés elaborated that this program permits overseas students to changeover from their OPT to the H1-B visas quotes Columbia Chronicle. OPT is a 12 month period that is utilized by the overseas students to secure work experience in the US. This was something new for the colleges, added Sabatés.
Sabatés said that for the institutions to maintain the profile of the culturally dedicated institution and a higher diverse these kinds of initiatives are a must. If the institutions can afford and manage these initiatives, then this is the manner in which the society at large is given back.
This kind of initiative is already being implemented by other institutions in Chicago and will now also be offered by Northwestern University, Loyola University, Illinois Institute of Technology, DePaul University, and Columbia.
The announcement of the implementation of the business programs to accentuate economic growth and attract skilled workers was made by Mayor Rahm Emanuel.
It was informed y Sabatés that the business program is anticipated to be fully functional by the semester in fall 2017. Though it was too premature to give specific details, he is confident that a couple of participants would be engaged in the program by next year.
According to the information revealed by the website of Massachusetts Technology Collaborative, the University of Massachusetts Boston had launched the Resident Global Entrepreneur program in 2014 that had resulted in the formation of 18 new firms, 218 new employment opportunities and economic investment of 118 million dollars in Massachusetts.
Executive Director of the not for profit Residence Consortium for Global Entrepreneur, Craig Montuori said that the Global EIR program was developed by his firm to assist universities in supporting overseas entrepreneurs and as well as facilitate overseas and domestic students to secure jobs and internships in the technology industry.
Global EIR programs will ensure that students secure better results professionally and align them with jobs and internships, added Montuori.
United States Customs and Immigration Services spokeswoman Marilu Cabrera said that firms will have to work with both USCIS and Department of Labor to secure approval for the H1-B visas.
To secure an H1-B visa, the applicants must possess a minimum of graduate degree and highly specialized skills too, added Marilu Cabrera. The fields in which skills are being sought include information technology, engineering, and Science, explained Cabrera.
Sabatés also informed that entrepreneurs could be sponsored through any of the departments that are capable of funding them.
The forte of technology, arts, science, and economy of the US has been greatly shaped by the openness with the world, exchange with the world, and by the contribution of overseas immigrants added Sabatés.
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