Tier 1 Entrepreneur - 50,000 GBP - Venture Capital route

[SAKW]

I am gathering information to assess whether it will be possible/feasible for me to apply for the Tier 1 Entrepreneur visa. I do not have a tech background, and I would like to take over the running of a business rather than setting up my own. Is it possible/feasible to get 50,000 GBP from a venture capital firm to do this? Has anyone had success under this route? What are the pros and cons?

I understand this is a more cumbersome process compared to competing for and getting the funds from a UK entrepreneurial seed funding competition endorsed by the Department for International Trade (DIT), or a UK government department making funds available for the purpose of setting up or expanding a UK business.

In addition does anyone have experience with xxxxxxxxx in this regard, and was it successful?

I am a Pakistani national.

Moderator edit : firm name removed as not permitted under the forum T&Cs.

[marcnath]

I am gathering information to assess whether it will be possible/feasible for me to apply for the Tier 1 Entrepreneur visa. I do not have a tech background, and I would like to take over the running of a business rather than setting up my own. Is it possible/feasible to get 50,000 GBP from a venture capital firm to do this? Has anyone had success under this route? What are the pros and cons?

I understand this is a more cumbersome process compared to competing for and getting the funds from a UK entrepreneurial seed funding competition endorsed by the Department for International Trade (DIT), or a UK government department making funds available for the purpose of setting up or expanding a UK business.

In addition does anyone have experience with xxxxxxxxx in this regard, and was it successful?

I am a Pakistani national.

Moderator edit : firm name removed as not permitted under the forum T&Cs.

Yes, it is feasible/possible.

There have been many who have done this

But there are also cases where it has led to refusals / primarily due to the quality of the VC. Genuine VCs should be fine, but there have been VCs seem to have just used this fraudulently.

[SAKW]

Many thanks for this. Don't suppose example businesses that have been funded by VCs for this route could be shared, along with the VCs who funded them? Or perhaps links/finger in the right direction to relevant forum (completely new to this site).

[marcnath]

Many thanks for this. Don't suppose example businesses that have been funded by VCs for this route could be shared, along with the VCs who funded them? Or perhaps links/finger in the right direction to relevant forum (completely new to this site).

I would have to search these forums to get that (but VC names would definitely not be there) and you should be able to do the same. I don't keep a separate record of those