Is Innovator Visa changing?

[gantamk]

Hello All,

I heard the Innovator visa Visa is changing. I want to apply for an innovator visa, below is what I have.

1) maintaining >50K in a bank account for more than 4 months.
2) building an MVP and creating a business plan based on ideas related to "Cloud technologies", which is related to my background. And I have strong faith in its innovative nature.

Would you recommend I wait for the "new innovator visa" changes? Should I take risk (considering a lot rejections) of approaching an endorsement body, and applying for the visa if I get an endorsement?

Appreciate any advice on this.

Best regards
MK

[CR001]

I heard the Innovator visa Visa is changing.

Where did you hear this?

1) maintaining >50K in a bank account for more than 4 months.

You simply need the funds and must evidence where you got the funds from. This is separate to the maintenance funds you need to show proof of that has been held for 28 days.

2) building an MVP and creating a business plan based on ideas related to "Cloud technologies", which is related to my background. And I have strong faith in its innovative nature.

Is your idea innovative enough and how is it different to what is already on the market?

you want to set up and run an innovative business in the UK - it must be something that’s different from anything else on the market

Getting endorsement does not guarantee a successful visa application.

[sah10406]

I heard the Innovator visa Visa is changing.

Yes, UKVI has written to endorsing bodies to advise that the Start-up route is being combined with the Innovator route in the next month or so. The only specific change mentioned for the new combined route is that the £50,000 investment funds will no longer be required for the Investor route. How it will work exactly both for endorsing bodies and for applicants is not yet known.

There's no public source of this that I can link to other than UKCISA's brief note below, but it is not a secret. I'm sure there will be a Statement of Changes to the Immigration Rules soon, and new guidance for endorsing bodies.

https://www.ukcisa.org.uk/Information-- ... layer-6610