can i apply tier Entrepreneure

[rizwanvu]

hello frinds

i have 50.000 pound in UK bank. i am also in UK this time. my question can i apply tier 1 Entr visa becuase i check requirments . there i saw if i have 50.000 pound in one or more registered venture capital
firms regulated by the Financial,Services Authority,

thanks

[Lucapooka]

No, the reduced rate of 50K is only applicable if the money is coming from>

1 or more venture capital firms regulated by the Financial Services Authority;
UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade & Investment website; and/or
1 or more UK government departments, which have made the funds available for the specific purpose of establishing or expanding a UK business.

[rizwanvu]

thanks