As the H1-B visa is increasingly coming under the scanner of the US administration, several universities in the US are coming up with their own strategies to facilitate overseas immigrants to secure a visa and invest in America.
An example is the International Innovators Initiative – IN2NYC created by the City University of New York schools for attracting overseas immigrants. In less than a year, two of the first beneficiaries of the initiative are now launching startups in the city.
The first venture is Dartboard, a firm based in Hungary that would start its operations by facilitating the students in Long Island’s La Guardia Community College to deal with their loans for studies.
The second venture is Mogul, the Indian website that is all set to guide students of Zahn Innovation Center in New York’s City College, as quoted by the Migration Expert.
The distinct investor program of the City University of New York schools fruitfully facilitates entrepreneurs to meet the requirements of the H1-B visas that are exempt from capping. It also enables to contribute towards the cause of the primary objective of the institution or particular community. A sincere effort from CUNY resulted in the fruition of these ventures.
These ventures will also require supervision of the New York City Economic Development Corporation as they carry on their measures to develop the respective businesses and assist the society. It is expected that these firms will launch mentoring programs, research, training programs and finally to recruit as expansion is the primary goal of these ventures.
The need of the hour is that the US approaches overseas investment with the legal perspective. This will enable overseas investors to avail eligibility of an investor visa in case they can demonstrate the potential for creating jobs in the US and contribute to the economy of the nation.