Innovator Visa: Detailed Guidelines for Business Plan

One of the important concepts of Innovator Visa is business plan. Our clients asking questions prior of visa application and endorsement body.

1. What are main requirements must be outlined in Business Plan?

Innovator visa business plan will need to set a specific business idea in plan, your idea must meet the endorsement criteria stated below in details.

• Scalable

Evidence of planning and job creation, growth into national and international markets.

• Innovative

Genuine, original business plan that meets new or existing market needs and creates a competitive advantage of the business in the industry.

• Viable

Business is realistic and achievable based on the applicant’s skills, knowledge, and industry experience.

Solid and strong business idea must be scaled to national and international markets and business must be innovative. In addition, the applicant must be relying on their own Innovator visa business plan.

1. How to meet an Innovative Criteria?

There is requirement that the business idea will be genuinely new with bright solution on the market. Applicant has gained a competitive advantage by making different product and the idea new and unprecedented with reviewing gap in the market.

1. How to meet Viable Criteria?

Applicant must show that their team can deliver the business idea and explain that applicant’s team have the skills, experience, and market awareness to deliver the plan. Such as, professional, and academic background and experience; how competition will be dealt with; when business will start making profit; what is detailed marketing & advertising plan.

How to meet Scalable Criteria?

Innovator business plan must show evidence of detailed planning and the potential for job creation and growth into national and international markets. We advise to outlined information in business plan, such as, specific markets plan to expand into; how applicant plan to expand into larger markets; Information about how applicant will fund their intended growth.

LONDON IMMIGRATION ADVISERS – Innovator Visa

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers regulated by OISC.

For further information or to discuss your personal circumstances in a private consultation with our immigration advisers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.