Check your eligibility to apply before you consider making an application. Applicants should allow at least three months before their existing visa is due to expire to begin the process. Read the Government’s Start-up and Innovator Policy, Guidelines and Supporting Documents as well as this document carefully before applying and make sure that you have understood whether you and your idea qualifies and that you understand all the responsibilities expected of you.
Guidance on applications under Start-up and Innovator Visas; - GOV.UK
If you meet the criteria then you will need to apply to NTU Enterprise and make it clear that you wish to be considered as an International Start-up candidate by completing all of the questions on the Start-Up Visa Application Form.
The Start-Up Visa Application Form can be accessed here.
Formal applications for Start-Up Visa endorsement will only be accepted by NTU Enterprise at certain points during the year. The first call for applications will be 1 October.
- The second call for applications will be 1 July
- The call for applications will close one week later
If the University considers that your business idea and application does not comply with the criteria you will be notified by e-mail.
If we consider your idea to be a potentially viable one, then you will be invited to attend a specific workshop to be held within three weeks of your application being received. This workshop is focussed on the development of a commercially viable and sustainable business concept, fully researched and evidenced.
Within two weeks, you will be expected to submit a fully documented business plan. The plan will be reviewed within a further two weeks of submission. The viability and appropriateness of your business plan/concept will be assessed against both NTU Enterprise and the UKVI evaluation criteria.
If you are successful, NTU Enterprise will provide you with a formal letter of endorsement on University headed stationary to accompany your visa application. Your visa application must be made within three months from the date of letter.
You have three months from this point to apply to the government for your visa.
You must have bank statements showing £945 in savings if applying from inside the UK or £1,890 if applying from outside the UK and you must have had this amount in full in your bank account for 90 days before you apply. You will not be able to use your parent(s) or guardian(s) bank statements, any documents evidencing funds must be in your name.
For the Start-up visas, there are no ‘low-risk’ nationalities. Every applicant must submit all the required documentation with their visa application.
Applicants will generally only be permitted to apply once to NTU Enterprise with a single business idea. The decision of the panel is final. There is no appeal process.