The Tier 1 Innovator visa will have 2 sub-categories (a) Start-up (b), Innovator. Both of these categories will now replace the existing Tier 1 Graduate Entrepreneur and Tier 1 Entrepreneur visa categories.
Requirements of the Start-up and Innovator Visa's
The requirements to meet the published policies on these 2 application routes, you will be expected to go through rigorous checks as well as your credibility as a “business person”.
For the “Start-up” visa category, is similar to the Graduate Entrepreneur visa and this visa is aimed at those wishing to start their own business in the UK. This is not limited to graduates and is open for everyone, creating flexibility to the approach on these visas. The Start-up visas will now be valid for 2 years instead of the 12 months given on the Graduate Entrepreneur visa. It is also a benchmark permitting an Applicant to switch into the long term “Innovator” visa.
Moving on to the Innovator visa, this category is more aimed at more experienced business people and those who have good track records. An endorsement will be required from an approved Endorsing Body and will need to have access to £50,000 in funding, to meet the Immigration Rules.
To apply for the Start-up or Innovator visa, you will be required to meet the following requirements:
You can read more information on the following: https://www.icslegal.com/Innovators.php