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Over a third of the UK’s fastest-growing companies have a founder born abroad

Tags: new social web
DATE POSTED:August 29, 2024

Here’s a timely reminder of the benefits that immigrants bring to startups: 39% of Britain’s 100 fastest-growing companies have a foreign-born founder. That’s according to new research the Entrepreneurs Network, a think tank based in London. The findings show “the critical contribution” that international talent makes to the UK, the report’s authors said. Undoubtedly, they have an outsized impact on the country’s startups. Immigrants comprise an estimated 14.8% of Britain’s total population, yet they’ve founded over one-third of its fastest-growing businesses. The new data echoes prior research from across the world. Studies show that most billion-dollar startups in the US…

This story continues at The Next Web
Tags: new social web