Innovator Founder Visa

Innovator Founder Visa
Launch your entrepreneurial journey in the UK with the Innovator Founder visa. As specialist advisors in UK immigration for forward-thinking entrepreneurs and business innovators, we offer cutting-edge guidance to set the stage for your venture’s success.
What is the UK Innovator Founder Visa?
In April 2023, the UK unveiled the Innovator Founder visa, a new pathway for international residents to establish their businesses in the UK. This visa streamlines the entrepreneurial process, merging the best elements of the previous Innovator and Start-up visas into a singular, more accessible route for global business minds eager to enter the UK market.
Key advantages of the Innovator Founder visa include:
  • Elimination of the £50,000 minimum investment threshold
  • A simplified endorsement ‘check in’ process – now only twice versus thrice as was the case with the Start-up route
  • Provision for secondary employment under specific circumstances
  • A direct route to permanent residency, with time spent in the UK under this visa contributing towards the residence requirement for indefinite leave to remain


Applicants are required to secure an endorsement, demonstrating that their business concept is not only innovative and viable but also scalable, and that they have been instrumental in its creation or development.

What can I do with the Innovator Founder Visa?
The Innovator Founder visa route offers a gateway for successful candidates to enter the UK and actualize their entrepreneurial ventures. Holders of the Innovator Founder visa are allowed to work for the business they start. Additionally, they may take on extra employment, provided it is in a position that requires a skill level equivalent to or above RQF Level 3 (similar to UK A-level qualifications). Visa holders have the flexibility to pursue academic studies in tandem with their business operations. On this visa, innovator founders are granted a 3-year period to live and work in the UK. After this duration, subject to meeting the necessary criteria, they may apply for indefinite leave to remain, paving the way to settlement.
What is the process to obtain the Endorsement for Innovator Founder Visa?
To secure an Innovator Founder visa, applicants are required to successfully apply for an endorsement from a government appointed endorsing body. This endorsement is the mandatory requirement for the innovator founder visa application. The process for the Innovator Founder visa remains largely consistent with the procedures established by its predecessor visas, the Start-Up and Innovator. Nevertheless, the endorsement must now include a confirmation that the business concept or venture aligns with the newly defined criteria. A pivotal aspect of these criteria is the verification that the funds to be invested into the business are legitimate, ensuring there are no unresolved concerns regarding the origin of these financial resources.
Who endorses the business idea?

The initial step in pursuing the Innovator Founder visa entails obtaining an endorsement from a Home Office-recognized body. The Home Office has a designated list of bodies permitted to endorse applicants for this visa category. The current list includes: – Envestors Limited – UK Endorsing Services – Innovator International – The Global Entrepreneurs Programme (GEP) For applicants who have previously entered the Innovator visa scheme prior to April 13, 2023, bodies previously recognized under the legacy Innovator route may still issue endorsements. These legacy bodies, however, are limited to endorsing only for business ideas that have been part of the applicant’s prior submissions.

What are the requirements for this visa?

To secure an Innovator Founder visa, applicants need to score a total of 70 points, divided as follows: New Business Criteria (30 points for business plan, 20 points for innovation):
Create or significantly contribute to a business plan.
Play an active role in executing the plan.
Schedule at least two progress assessments with the endorsing entity.
Be a sole or key founding team member.
Innovator Criteria (50 points for business operation and achievements):
Continue a business previously endorsed or successfully reviewed.
Demonstrate substantial business progress.
Manage the business actively.
Mandatory Criteria (20 points for language and finances):
Prove English proficiency (B2 level).
Show funds of £1,270 held for 28 days (unless exempt due to current UK residency).

How much does it cost to apply for this visa?
 
Applicant Type Application Fee (Outside the UK) Application Fee to Extend/Switch (In the UK)
Main Innovator Founder Applicant £1,036 £1,292
Dependent Partner and Children £1,036 per person £1,292 per person
Every applicant must pay an annual immigration health surcharge, granting them access to the United Kingdom’s National Health Service during their stay. For more information on this, download our guide here.
Is permanent settlement possible in the UK with the Innovator Founder visa?
Holders of the Innovator Founder visa can qualify for settlement in the UK. The period lived in the UK with this visa can contribute to meeting the residency requirement for indefinite leave to remain.
Can my family accompany me?
Eligible partners and dependent children of Innovator Founders are permitted to come to the UK as dependents.
Looking for advice and help with your Innovator Founder visa application?