Category — Human Resources

14 of 40 Science Talent Finalists have Parents Born in India

33 of the 40 finalists of the 2016 Intel Science Talent Search–the leading science competition for U.S. high school students, now known as the Regeneron Science Talent Search–were the children of immigrants. Additionally, 30 of this group had parents who worked in America on H-1B visas, the option that is no longer available for expedited processing due to a recent policy change.

A report from the National Foundation for American Policy, a non-profit, non-partisan organization dedicated to public policy research on trade, immigration, and education, calls the science competition the ‘Junior Nobel Prize’. It says that if children of immigrants somehow disappeared from the U.S., America would be in a serious science talent deficit; their ranks have been steadily increasing since 2004.

National Foundation for American Policy graph

Among these 40 finalists, 14 had parents both born in India, 11 had parents both born in China, and 7 had parents both born in the United States. To put these numbers in perspective, people of Indian and Chinese birth represent only about 1 percent of the U.S. population each, according to the Pew Research Center.

 

January 16, 2018   No Comments

India Tops List of Migratory Populations

According to the 2017 International Migration Report released by the United Nations, India tops the list of people living abroad at 17 million with approximately 5 million Indians residing in the Gulf region alone.

In 2017, India was the largest country of origin of international migrants at 17 million, followed by Mexico at 13 million, Russia at 11 million, China at 10 million, Bangladesh at 7 million, Syria at 7 million and Pakistan and Ukraine at 6 million each. International migration is a critical concern for the implementation of the 2030 Agenda for Sustainable Development, the report said.

Integration of People

The report shows that international migration makes an important contribution to population growth in many parts of the world and even reverses population decline in some countries or areas. Between 2000 and 2015, migration contributed 42 percent of the population growth in Northern America and 31 per cent in Oceania. In Europe, the size of the total population would have declined during the period 2000-2015 in the absence of migration, says Business Line quoting from the report.

December 23, 2017   No Comments

In India, Lockheed Martin to Focus on Women-led Startups

Having supported startups in India for more than a decade, many of which were led by women, Maryland-based Lockheed Martin plans to invest in technology startups, with a special focus on women-founded ones, says its deputy executive vice president Lorraine M. Martin.

Planning in a startup
Martin recounted initiatives to encourage women to join the technology manufacturing workforce and toward inspiring them at early ages towards science, technology, engineering and math. She said, “We (at Lockheed Martin) would like to have half the workforce as women, which is what our population is. All the studies have shown that diverse workplaces are more productive. Studies show that companies with women in senior leadership perform better.”

 Lockheed Martin’s India Innovation Growth Program offers $2 million a year of resources and mentoring to startups through competition. The company has partnered with the Government of India, Department of Science and Technology, and with the Tata Trust, that has helped to double their resources, Martin told the Economic Times.

December 22, 2017   No Comments

OCTANe: SoCal Leads in Job Creation and Med Tech Jobs

According to U.S. Dept. of Commerce data compiled by OCTANe, an Aliso Viejo CA-based organization, Southern California in recent years provided the highest level of job growth in the medical device sector.

Bill Carpou, OCTANe’s president and CEO, presented the statistics during his welcome address at the Medical Technology Innovation Forum. Los Angeles, Orange County, San Diego employed 33,820 people, outpacing other medtech hotbeds such as New York, Northern California, Minneapolis, and Boston:

  • Southern California : 33,820
  • New York: 18,130
  • Boston: 15,204
  • Minneapolis: 14,043
  • Northern California : 11,093

In addition to existing jobs, the region also saw positive job creation. The region created 3,839 jobs. By contrast, other regions actually lost jobs. New York dropped over 6,000 jobs, Northern California lost more than 5,000, Boston lost around 3,000, and Minneapolis lost about 1,000, as depicted in the table below:

Medtech job creation for the two-year period ending 2016. [Data from U.S. Department of Commerce, courtesy of OCTANe]

Medtech job creation for the two-year period ending 2016. [Data from U.S. Department of Commerce, courtesy of OCTANe]

OCTANe also found that the SoCal region filed 365 patents, only slightly outpaced by Northern California which saw 437 patent filings.

OCTANe announced its commitment to long-term job creation in Orange County and has pledged to help create a total of 22,000 jobs by 2025. It also plans to fund 506 companies, participate in 39 liquidity events, and infuse $3.6 billion in capital into regional medtech companies.

November 14, 2017   No Comments

WeWork Expands to India

Miguel McKelvey, co-founder and chief creative officer of the $20 billion New York-based collaborative workspace startup WeWork, discussed his business in India with Forbes’ India staff Anshul Dhamija.

McKelvey said that in India WeWork had entered into a partnership with the Embassy Group. They launched operations in the beginning of this year and had close to 350,000 square feet of shared workspaces in Bangalore and Mumbai. “India’s probably the biggest market for us,” says McKelvey.

The concept of sharing a workspace with diverse set of professionals and enterprises is new in India and is catching on. WeWork gives access to discounted health care services, payment processing for their companies, IT support, education and training, to all its members.

When asked to comment on what opportunities India offers, McKelvey said: When we first came here, or thought about coming here, it certainly felt a bit overwhelming because it’s such a huge place and the culture is so diverse, varying from city to city and state to state. So having a partner is essential in understanding the local culture and also gives us credibility in the market. India’s probably the biggest market for us. While we are super excited to be in Japan, Australia and Europe, we are talking about hundreds of millions of people here in India. I think this is a place that, in the upcoming years, will play a major part in the way the world economy develops. For us to be here now is an incredible opportunity.

Inside an Office

October 29, 2017   No Comments