The President of the United States Barack Obama has called on US Congress to create special ‘startup visas’ for foreign-born entrepreneurs currently studying in American universities.

Obama said there was a need for a startup visa to retain foreign students who want to found startups, as long as they met criteria such as meeting a certain headcount and raising a minimum amount of financing. He added that those who launch startups which continue to grow could remain in the States permanently.

Making the remarks during a speech on immigration in Las Vegas, the US President said: “Right now there are brilliant students from all around the world sitting in classrooms at our top universities. They are earning degrees in the fields of the future like engineering and computer science. But once they finish school, once they earn that diploma, there’s a good chance they’ll have to leave our country.”


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