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12/03/2024 • 3 min read

Three Common Reasons for Innovator Founder Visa rejections

The three most common reasons that might save you from being rejected for the Innovator Founder visa.

Innovator Founder
Visa Tips

Ever thought about packing your bags, moving to the UK, and starting your own business? Sounds like a thrilling adventure, right? The UK government welcomed innovators and entrepreneurs with the Innovator Founder Visa, making it easier for them to come.

It's like having a special pass to see behind the scenes of the UK's business world. Instead of rock stars, you meet successful business people and tech experts. 

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What is Innovator Founder Visa?

The Innovator Founder Visa is a shiny new pathway for entrepreneurs and founders. launched by the Home Office in April 2023. It combines the previous Startup and Entrepreneur visas. Here's a quick rundown of what this exciting visa offers:

  • 3-Year Visa in the UK
  • Have a Scalable, Innovative and Viable Business Idea
  • Family-friendly.
  • Pathway to Settlement
  • Secondary Employment

To learn more about the benefits of this visa, read our blog "Why You Should Apply for the Innovator Founder Visa." It has all the information you need to know to meet the requirements!

But, as with any VIP pass, there's a bit of fine print to navigate. 

Before you imagine having tea with the King, let's talk about mistakes that could stop your visa or endorsement approval. Here are some tips to help you avoid these errors. Here are some tips to help you avoid these errors.

Common Reasons for Rejection & how to avoid them

  1. Lack of innovation, Scalability and Viability
  2. Unreasonable Financial Projections
  3. Lack of Investment Capital

Conclusion

The Innovator Founder Visa offers visionary entrepreneurs a gateway to establish innovative ventures abroad, fostering economic growth and innovation. The new visa is for people with creative business ideas.

It focuses on how they can help local economies grow. Creating new jobs accomplishes this. This visa facilitates access to new markets, international collaborations, and resources, enabling global business expansion.

Avoiding rejection requires a meticulous approach. A comprehensive business plan demonstrating market understanding and growth strategy is crucial. Not to mention, emphasising innovate, viable and scalable is essential to stand out in competitive markets for Innovator Founder visa applicants.

Demonstrating adequate financial resources is imperative, showcasing self-sufficiency while building a business in the UK. Notably, the visa allows secondary employment, providing an extra income source. The Innovator Founder route is an exciting new visa category to look out for.

We can assist you with your visa application using OMLAS. This will make the process of applying for an innovator founder visa easier and less stressful. Click here to book your 30 minute consultation with one of our experts. 

Getting the Innovator Founder Visa means more than just an opportunity. At Salmo, we help migrant founders bring new ideas to market, boost the economy, and meet visa requirements with planning. Are you ready to begin?

What is Salmo?

Salmo is created by immigrants for immigrants. We design digital tools and services with built-in lawyer brains to help you prepare for Indefinite Leave to Remain from your first visa to final settlement.

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