The Innovator Founder visa is designed for seasoned founders and technology entrepreneurs looking to establish a business in the UK. Applicants must present an innovative, viable, and scalable business idea that is endorsed and supported by a qualifying endorsing body.
The Innovator Founder visa enables skilled entrepreneurs to come to the UK and setup or run their own business. Applicants must be able to demonstrate an innovative, scalable, and viable business model to apply. Their proposal must also be approved by a supported endorsing body for the application’s success. This visa route grants applicants 3 years within the UK, with scope to be extended for an additional 3 years. The Innovator visa also offers a pathway to settlement in the UK, as after three years, innovators can apply for Indefinite Leave to Remain, allowing them to stay in the UK for as long as they wish.
You want to set up and run an innovative business in the UK
Your business must be innovative, viable, and scalable, which should be confirmed by an endorsement by an approved body, also known as an endorsing body
Each endorsing body has different requirements. For most of them, these are (1) a business plan and financial model with certain requirements, (2) CV, and (3) interview with the endorsing body
At least B2 level of English
Test with an approved provider (usually people take IELTS), or
Having UK school exams passed before or having a university degree from an English-speaking programme
You have enough personal savings to support yourself while you’re in the UK
Bank statement showing at least £1,270 in your bank account for 28 consecutive days before the application, and additionally £285 for your partner, £315 for one child, and £200 for each additional child
You must have sufficient funds to fund your business before it breaks even to apply for an Innovator Founder visa
Bank statement or legally binding sponsor letter from an investor proving the availability of funds
UK Innovator Founder Visa