A detailed business plan is absolutely necessary in order to secure endorsement as an Innovator Founder.
There are currently three Home Office-approved endorsing bodies for Innovator Founder visas. You will be able to apply for an Innovator Founder visa only after securing an endorsement from one of these three organisations.
Each of the endorsing bodies will have a unique application process, but in all cases, they will expect to see a detailed business plan for your proposed UK business.
Your business plan will need to highlight the ways in which your proposed UK business is innovative, viable and scalable. The innovation criterion should focus on how your proposed concept is bringing something new to the UK market, or significantly improving a product or service already available in the market. The viability criterion should concentrate on your skills, experience and resources to develop your UK business. The scalability criterion should focus on demonstrating a demand for your products or services within the UK, and in the future, internationally.
If you have an early stage business idea in mind and are considering the Innovator Founder visa, please do not hesitate to get in touch with us for a consultation.
How Gherson can assist
Gherson’s Immigration Team are highly experienced in advising on UK visa matters. If you have any questions arising from this blog, please do not hesitate to contact us for advice, send us an e-mail, or, alternatively, follow us on Twitter, Facebook, Instagram, or LinkedIn to stay-up-to-date.
The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please do not hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.