HistoryInAction

University makes the call. If you're pre-funded, you'll work as a part-time mentor, 8-10 hours a week; post-funded, 100% of your time for your startup which has to move on/near campus.

50-70 days from university handshake to visa in hand.

About 10% right now

Depends on the person and their academic backgrounds. The positions are specifically designed so that the students can benefit from that person's specific expertise and experience.

You're thinking of the EB-5 green card perhaps

We're doing strict self-policing so that this isn't the case.

While founders are getting their startups off the ground, they're working 8-10 hours a week as mentors at the center for entrepreneurship.

It's just too much of a risk to flout the clearly defined congressional cap, and since we can help founders, we want to ensure we can continue to do so as we scale rather than calling down the wrath of Congress.

You can meet the requirements in the country on the B-1 business tourist visa, visa waiver, or OPT status as an F-1 holder, but to activate parole, you need to do so outside the country.

IANAL

That's correct. Not the best branding, but I'm sure the White House did what it could.

I'm Craig, quoted in the article as the executive director of the Global EIR Coalition, which is what Nigel is using and is soon to be in the Bay Area as a visa option.

Happy to answer any questions folks have about the cap exemption and the process we're setting up.

He's on Global EIR's legal advisory board, so I'm happy to connect you. I'm at Craig at globaleir org

Concur. Chris Wright down in LA is superb at O-1s, has worked with a lot of founders with positive conclusions. I recommend him highly.

Yep, Craig here with Global EIR. As the other commenter says, research universities use cap exempt H-1Bs for their full-time faculty and also lab technical staff.

Now that all of these universities have entrepreneurship centers, certain options opened up for founders.

Two year mandatory return for many origin countries can make J-1 messy.

Also, J-1 being run by State rather than DHS/USCIS introduces some extra weird things.