Barack Obama has won the election! What does this mean to the future of innovation and the technology industry? Based on Obama’s record and statements released during the campaign, here’s what technologists can look forward to:
Strong support for high-skilled immigration reform: The Startup 2.0 Act is most likely the first opportunity for reform, and probably won’t happen until next year. Specifically, the Startup 2.0 Act would increase work visa availability for Science, Technology, Engineering, and Math (STEM) graduates from American universities. Second, it would create an entrepreneurship visa for foreign workers who create jobs in the U.S. (right now, foreign workers have to be sponsored by another company, which makes it difficult to be a founder). Finally, it eliminates country-specific caps on visas. Pressure from Democrats to include immigration reforms for Mexico and other low-represented nations will be a challenge, however.