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Cost, validity, eligibility… what to know about the UK innovator founder visa

by 247NAIJAINFO
5 months ago
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Cost, validity, eligibility… what to know about the UK innovator founder visa

Since replacing the start-up and tier 1 (entrepreneur) routes in 2023, the UK’s innovator founder visa has become one of the most sought-after routes for entrepreneurs hoping to build a business and settle down in Britain.

However, it was not until last month that the Home Office introduced changes to allow foreign students to transition to the innovator founder route.

Previously, international students who did not apply for or qualify under the graduate visa route were generally required to leave the UK at the end of their course and apply for the innovator founder visa from outside the country.

The policy shift is part of the UK’s strategy to retain the best foreign talent who will contribute to the economy.

The route promises access to one of the world’s strongest business ecosystems, but it also comes with strict criteria and notable costs.

Here is a breakdown of what interested applicants need to know before the new changes take effect on November 25.

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