NYCEDC, CUNY Sponsor 80 Emerging Entrepreneurs Under H1B Visas

24 Feb 2016

The New York City Economic Development Corporation partnered with the City University of Newyork Program to welcome 80 emerging entrepreneurs. This initiative encourages budding entrepreneurs with innovative ideas and exceptional skills who can establish the companies and guide, advise the professors at the City University of Newyork.

The City University of New York will accept 80 applications under the H1B Visa Category. This visa allotment will not affect the 85,000 H1B visas granted every year for Professionals to Work in the USA.

The 80 emerging entrepreneurs with exceptional skills must have a support of Angel investors in funding to their business plans. NYCEDC and CUNY also approve the qualified professionals based on innovative ideas that help the progress of the economy.

The selected candidates under this category will be used to impart education in Universities and share their wealth of knowledge with the youngsters to set up business in the USA. They can stay on the CUNY campus, as of now there are no details regarding the salary payments to the candidates.

The application intake begins in late spring, and the program starts in autumn. This visa program, however, is the brainchild of NYCEDC and CUNY to attract the immigrants who have exceptional skills. This initiative may hit the third world countries who believe it as a brain drain; this is also a great opportunity for the entrepreneurs who feel tiresome with the rigid and red tape administrative machinery of their country.

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