Yet the U.S. has adopted a policy of sharply curtailing the issuance of H1-b Visas to stay and work in the U.S. Over the past decade the U.S. has reduced the H1-b quota from 195,000 to 65,000, a quota that was exhausted in 2010 before the year even began. By the end of 2009 more people had applied for Visa applications than were available for the entirety of 2010.
President Sebastián Piñera of Chile is offering $40,000 to people who are willing to come to Chile and start a business. Singapore is offering up to 4:1 in matching funds for entrepreneurs who come and create businesses. Meanwhile the U.S. is making it increasingly difficult and onerous to come to the U.S., stay in the U.S., and create new businesses. And so brilliant people are flocking to these inviting countries, as well as simply taking their excellent U.S. educations back to their home countries instead of staying in the U.S. to build jobs, innovation, and economic wealth.
Start Up Visa is trying to help change that.