Innovator Founder Visa

Before applying for the Innovator Founder Visa, the applicant must obtain endorsement from one of the Home Office's approved endorsing bodies. Endorsing bodies include universities, accelerators, and business support organisations that have been approved to assess applications.

The endorsing body assesses whether the business idea is innovative (genuinely new or significantly different from existing offerings), viable (has a realistic prospect of success), and scalable (has the potential to grow significantly and create value). The applicant must also demonstrate they have the necessary skills, knowledge, and experience to execute the business plan.

Each endorsing body publishes its own application process and may focus on particular sectors or types of business. Applicants should research which endorsing body is most appropriate for their industry. The endorsement letter is valid for three months, during which time the visa application must be submitted.

In addition to endorsement, applicants must meet the following requirements:

• Investment funds — At least £50,000 must be available to invest in the business. This can be from the applicant's own funds, from investors, or from an endorsing body. In some circumstances — particularly if the applicant has already developed the business — the endorsing body can waive this requirement.
• English language — Applicants must demonstrate English language ability at B2 CEFR level or above.
• Maintenance funds — Sufficient funds to support yourself and any dependants (currently £1,270 for the main applicant plus additional amounts for each dependant).

Once in the UK, the visa holder must work primarily on the endorsed business. They may also work in other employment, but must not be employed in a role equivalent to being an employee of their own company where they do not have a meaningful ownership stake.

After three years on the Innovator Founder Visa, the holder can apply for Indefinite Leave to Remain if they can demonstrate the business has met at least two of the following milestones:

• The business has received at least £50,000 in investment.
• The business has generated at least £1 million in annual revenue (or £500,000 with a high growth rate).
• The business has created the equivalent of ten full-time jobs for settled workers.
• The business is generating significant economic value or social benefit, as evidenced by a credible endorsement body letter.

The endorsing body must confirm that the milestones have been met. If after three years the milestones have not been achieved but there is a credible explanation and continued strong prospects, the visa can be extended for a further period rather than ILR being refused outright.