But the biggest surprise — or should I say shock — is that Indians are dominating immigrant entrepreneurship. Nationwide, Indians founded 8% of all technology and engineering startups and yet still comprise less than 1% of the U.S. population. Our research has shown that Indians now outnumber the next seven immigrant groups combined and start 33.2% of all immigrant-founded startups in the U.S. The proportion of all immigrant-founded companies has fallen in Silicon Valley, but Indians have resisted this downward trend. In fact, the proportion of all Silicon Valley companies founded by Indians has slightly increased from 13.4% to 14% since 2007.
And it’s not just Silicon Valley. We found that Indians start more companies than any other immigrant group in California (26%), Massachusetts (28%), Texas (17%), Florida (17%), New York (27%), and New Jersey (57%). This is amazing, especially since Indians only represent between 0.7% and 3.4% of the populations of these states. Indians also lead all immigrant groups in the number of companies founded in the following industries: biosciences (35%), computers/communications (28%), innovation/manufacturing-related services (29%), semiconductors (32%), software 33%), environmental (39%), and defense/aerospace (29).