Then he quit his job and, with his brother, started up his own outsourcing and consulting company, neoIT, in Bangalore. The opportunity staring me in the face was so great that I couldn't resist. India is also fostering entrepreneurialism at its research facilities, like the Indian Institute of Science, where faculty can take equity stakes in exchange for know-how in private enterprises, spurring the creation of IT and biotech companies. At the Indian Institute of Technology in Mumbai, a campus-sponsored incubator encourages student entrepreneurship. Not every source of Canadian immigrants has been as aggressive in retaining its stars.
China offers a telling example.
From 1991 to 1996, it exported 19,000 college grads to Canada. Now more countries are vying for them. One of Canada's chief competitors for talent these days is a place called Hong Kong.