UK Innovator Founder Visa
UK Innovator Founder Visa 🇬🇧
What is Innovator Founder Visa?
The UK Innovator Founder Visa is an opportunity for forward-thinking entrepreneurs to shape innovation in the UK. Tailored for those with groundbreaking ideas, this program invites founders to establish and scale their ventures, contributing to the dynamic world of UK innovation. It’s an invitation for trailblazers to nurture ideas, collaborate with like-minded visionaries, and propel their businesses to new heights.
Benefits of Innovator Founder Visa Program
The program serves as a pathway to permanent residency, providing long-term stability for founders and their families.
Entrepreneurs can network and collaborate with like-minded individuals, gaining exposure to new ideas, partnerships, and resources within the community.
The program provides founders with the platform to establish and scale their ventures in the UK, tapping into a diverse market.
Contributing to the UK economy, businesses play a pivotal role in driving innovation and supporting economic growth.
Entrepreneurs under this visa program have the flexibility to manage and run their businesses autonomously, allowing them to implement their unique vision and strategies.
Successful applicants enjoy the opportunity to showcase their innovative ventures on a global stage, enhancing the visibility and reputation of their businesses.
UK Innovator Founder Visa Program Eligibility
Your 8 Step Process to Success
Craft Your Vision
Begin by formulating a genuinely innovative business concept that aligns with the goals of the UK Innovator Founder Visa Program.
Approach an approved endorsing body in the UK that aligns with your business sector. Present your business concept to obtain their pre approval.
Showcase your proficiency in English through standard language tests.
Gather all necessary documentation, including a detailed business plan, financial forecasts, evidence of relevant business experience.
Secure a letter of support from a recognized Canadian venture capital fund, angel investor group, or business incubator.
Fill out the visa application form, providing accurate and detailed information about yourself, your business, and your endorsement.
The application is thoroughly reviewed and multiple Due Diligence checks are completed for Individual & Concept.
Upon approval, you will receive a visa vignette in your passport. Travel to the UK and collect your Biometric Residence Permit (BRP) to complete the immigration process.
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Frequently Asked Questions
The UK Innovator Visa is designed for experienced entrepreneurs who wish to establish a business in the UK. Eligible applicants must have an innovative, scalable business idea endorsed by an approved endorsing body.
To qualify, applicants must secure an endorsement from an approved endorsing body, demonstrate a viable business plan, show access to at least £50,000 in investment funds, and meet the English language requirement.
The UK Innovator Visa welcomes a wide range of innovative business ideas, including technology startups, social enterprises, creative industries, healthcare innovations, and more.
Applicants must first present their business idea to an approved endorsing body in the UK. If the idea is deemed innovative, viable, and scalable, the endorsing body may issue an endorsement letter.
Yes, applicants can bring their spouse or partner, as well as children under the age of 18, to the UK as dependents on the Innovator Visa. They will be eligible to live, work, and study in the UK.
Yes, applicants must have access to at least £30,000 – £50,000 in investment funds (based on business) to establish and operate their business in the UK. These funds can come from various sources, including personal savings, investments, or third-party investors.
Innovator Visa holders must actively work on their business venture and remain engaged with their endorsing body. They are also required to reside primarily in the UK and not engage in prohibited activities, such as accessing public funds.
Yes, meeting the conditions, an applicant can change it’s visa status from Innovator to Permanent Residency.