Tuesday, March 15, 2011

Have an idea? Get an investor and obtain a US visa

Even as the rules for getting an H-1B visa have been made more tough, three powerful American Senators on Monday introduced a legislation in the Congress which if passed would instantly provide a two-year U.S. visa to any entrepreneur that can obtain an investor to fund his idea.

The StartUp Visa Act of 2011 will allow an immigrant entrepreneur to receive a two-year visa if he or she can show that a qualified U.S. investor is willing to invest in the immigrant's startup venture.

The Act was introduced in the Senate by Senators John Kerry, Richard Lugar and Mark Udall.

Congresswoman Carolyn Maloney plans to introduce companion legislation in the US House of Representatives.

"Every job-creating American business started as an idea in the mind of an entrepreneur."