by Mike Masnick
Thu, Jan 14th 2010 4:28pm
Reuters has a short article detailing how the UK has been successful in luring a growing number of foreign entrepreneurs to open up shop (or even move their companies to the UK). While there are still plenty of foreign entrepreneurs starting or moving companies to the US, it's got little to do with the US government -- which often makes it quite difficult for foreign entrepreneurs to relocate here. While, thanks in large part to Brad Feld's activism, there is finally some movement on a startup visa concept, the US government still takes a rather hostile view towards foreign entrepreneurs and foreign startups. With other countries actively courting and welcoming them -- and backing it up with some infrastructural changes, this should be seen as a serious problem for US innovation. Of course there's a lot more to this issue, and there are certainly institutional reasons why the US has long had a strong startup culture, but we shouldn't merely assume that we can just rest on our laurels, especially as others are ramping up their efforts to attract hot startups.
If you liked this post, you may also be interested in...
- FCC Makes It Clear It Thinks Some Net Neutrality Abuses Are 'Innovative' And 'Pro Competition'
- Awesome Stuff: Let's Bore The Censors
- Techdirt Reading List: The Knockoff Economy: How Imitation Sparks Innovation
- NY Attorney General Shuts Down Daily Fantasy Sports Sites, Because Grandstanding
- UK Health Minister Filibusters Bill To Use Off-Patent Drugs To Provide Effective New Treatments At Low Cost