The purpose of this parole process as defined by 8 CFR 212.19 is to provide qualified entrepreneurs of high-potential start-up entities in the United States with the improved ability to conduct [applied] research and development and expand the entities’ operations in the United States so that our nation’s economy may benefit from such development and expansion, including through increasedc apital expenditures, innovation, and [specialty occupation] or job creation.
Such potential would be indicated by, among other things, the receipt of significant capital investment from U.S. investors with established records of successful investments, or obtaining significant awards or grants from certain Federal, State or local government entities.
NOTE: At any time prior to reaching the 5-year limit for parole under this final rule, such individuals may apply for any immigrant or nonimmigrant classification for which they may be eligible.
Because parole is not considered an admission to the United States, parolees are ineligible to adjust or change their status in the United States under many immigrant or nonimmigrant visa classifications. For example, if such individuals are approved for a nonimmigrant or employment-based immigrant visa classification, they would generally need to depart the United States and apply for a [B-1 or H-1B cap-exempt] visa with the Department of State (DOS) for admission to the United States as a nonimmigrant or lawful permanent resident. See http://exemptresearch.org