MSc Student Apply Entrepreneur Visa from UK 50k or 200k

[dr_kzot]

hi there its me again with new case !!!

can student who is already in UK and completing MSC apply for Entrepreneur visa I am not talking about Graduate Entrepreneur. Can student has to go back and apply for his own country or can he apply from inside UK. if he can apply from inside UK how much money does he need to show 50k or 200K . I have tried to read guidance note about but still very very confuse.

Thanks in Advanced for your help and Assistance in this endeavor

[rizwan567]

student can only apply fom uk with venture capital funding route (which is extremely hard to secure)

ELSE

You fly home and apply with 200k funding.

[dr_kzot]

funding not a problem but we want to know how much if its 50k than our student easily secure this funding and apply from UK much easier than going back home and wait for 6 months

[rizwan567]

50k or above through venture capital funding.

[dr_kzot]

Rizwan bahi can you please explain what is venture capital funding

[rizwan567]

Yar, please do some search on this forum and see guidance notes to learn about venture capital. Do some little work and research as you are a qualified person.

[dr_kzot]

Rizwan bahi i have read the guidance note and brother i did not find any word called Ventrue capital. if student have £50,000 in his account does he still need to show get money through venture capital.

Bahi please give me the link of threads you mentioned in your reply so i can read it.

Can student open his company before he apply for Enterpreneur Visa

Yare please i need more replies guys please comments if you have any info thanks

[Lucapooka]

Rizwan bahi i have read the guidance

It obvious that you have not! Read it again and please refer to the very clear information about Tier 4 switching and VC. This money has to come from an approved organisation of professional investors who wish to sponsor your innovative or exceptionally viable (in their estimation) business plan. It can't be simply any 50K from any source.

[entrepreneur123]

http://en.wikipedia.org/wiki/Venture_capital_financing

In practice it very hard to get such funding as firms will not risk their £50,000 on your new business unless they think they will make enough return on their money,,,

Rizwan bahi can you please explain what is venture capital funding

[dr_kzot]

22. If you are in the UK with permission to stay as:
• a Tier 4 migrant; • a Student nurse;
• a Student; • a Student writing up a thesis;
• a Student re-sitting an examination; • a Postgraduate Doctor or Dentist;
you are allowed to make an initial application in the UK (including switching from one immigration
category to another) only if you have specific types of funding. You must have access to
£50,000 or more from:
i) one or more registered venture capital firms regulated by the Financial Services
Authority;

ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on the UK Trade & Investment website; or

iii) one or more UK Government Departments or Devolved Government Departments in Scotland, Wales or Northern Ireland, which is made available by the Department(s) for the specific purpose of establishing or expanding a UK business.

(This is also referred to as a section b funding in this document.) Students without this type of
funding are not permitted to switch into the Entrepreneur category in the UK.

Section b: £50,000 funding
33. You or the entrepreneurial team must have access to £50,000 or more from:
(i) one or more registered venture capital firms regulated by the Financial Services Authority;
(ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on
the UK Trade & Investment website; or
(iii) one or more UK Government Departments or Devolved Government Departments in
Scotland, Wales or Northern Ireland, which is made available by the Department(s) for the
specific purpose of establishing or expanding a UK business.
34. You must supply documentary evidence as specified in the Immigration Rules and in the
‘Documents we require’ section below. This will include a letter from each venture capital
firm, seed funding competition, or UK Government Department or Devolved Government
Department in Scotland, Wales or Northern Ireland, allowing you to use the funds, and
evidence of the funds.
35. Funds from more than one of these sources may be combined to total the required £50,000.
Tier 1 (Entrepreneur) Policy Guidance version 01/2013 Page 9 of 52
36. You may not mix your personal or other third party funds with the funding from the venture
capital firms, seed funding competitions and/or UK Government Departments/Devolved
Government Departments towards the £50,000. If you wish to mix the funding you will need to
invest £200,000 into the UK business.
37. This money can be made up from funding obtained from the Venture Capital firm(s),
Seed funding competitions and/or UK Government Department(s)/Devolved Government
Departments already invested in business together with access to any balance of money from
these sources needed to total £50,000.
38. If you have formed an Entrepreneurial Team with another applicant, the documents must
confirm that the funds are available to both team members. Your Entrepreneurial team
member must also qualify to use the same amount of investment if the total amount available
to your entrepreneurial team is £50,000 or more. If the other team member does not also
qualify for this level of investment, the total amount available to the team must be at £200,000
or more.
39. Only the following sources of funding will be accepted for this section. These are:
Registered venture capital firms regulated by the Financial Services Authority: Venture
Capital is defined on the Gov UK website at www.gov.uk/ Venture Capital firms must be
regulated and listed as venture capital firms by the Financial Services Authority (FSA) to be
considered for the award of points. The FSA website is at www.fsa.gov.uk
UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade &
Investment website: The list of competitions that have been endorsed for this purpose and
can be considered for the award of points is given on the UKTI website on www.ukti.gov.uk
UK Government Departments or Devolved Government Departments in Scotland, Wales
and Northern Ireland, and made available by the Department(s) for the specific purpose
of establishing or expanding a UK business: Where a UK Government Department
or Devolved Government Department is providing all or some of the funds specifically for
the purpose of setting up or expanding a business in the UK, the funding package can
be considered for the award of points. Please see www.gov.uk/ for information

[rehan01]

22. If you are in the UK with permission to stay as:
• a Tier 4 migrant; • a Student nurse;
• a Student; • a Student writing up a thesis;
• a Student re-sitting an examination; • a Postgraduate Doctor or Dentist;
you are allowed to make an initial application in the UK (including switching from one immigration
category to another) only if you have specific types of funding. You must have access to
£50,000 or more from:
i) one or more registered venture capital firms regulated by the Financial Services
Authority;

ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on the UK Trade & Investment website; or

iii) one or more UK Government Departments or Devolved Government Departments in Scotland, Wales or Northern Ireland, which is made available by the Department(s) for the specific purpose of establishing or expanding a UK business.

(This is also referred to as a section b funding in this document.) Students without this type of
funding are not permitted to switch into the Entrepreneur category in the UK.

Section b: £50,000 funding
33. You or the entrepreneurial team must have access to £50,000 or more from:
(i) one or more registered venture capital firms regulated by the Financial Services Authority;
(ii) one or more UK entrepreneurial seed funding competitions which is listed as endorsed on
the UK Trade & Investment website; or
(iii) one or more UK Government Departments or Devolved Government Departments in
Scotland, Wales or Northern Ireland, which is made available by the Department(s) for the
specific purpose of establishing or expanding a UK business.
34. You must supply documentary evidence as specified in the Immigration Rules and in the
‘Documents we require’ section below. This will include a letter from each venture capital
firm, seed funding competition, or UK Government Department or Devolved Government
Department in Scotland, Wales or Northern Ireland, allowing you to use the funds, and
evidence of the funds.
35. Funds from more than one of these sources may be combined to total the required £50,000.
Tier 1 (Entrepreneur) Policy Guidance version 01/2013 Page 9 of 52
36. You may not mix your personal or other third party funds with the funding from the venture
capital firms, seed funding competitions and/or UK Government Departments/Devolved
Government Departments towards the £50,000. If you wish to mix the funding you will need to
invest £200,000 into the UK business.
37. This money can be made up from funding obtained from the Venture Capital firm(s),
Seed funding competitions and/or UK Government Department(s)/Devolved Government
Departments already invested in business together with access to any balance of money from
these sources needed to total £50,000.
38. If you have formed an Entrepreneurial Team with another applicant, the documents must
confirm that the funds are available to both team members. Your Entrepreneurial team
member must also qualify to use the same amount of investment if the total amount available
to your entrepreneurial team is £50,000 or more. If the other team member does not also
qualify for this level of investment, the total amount available to the team must be at £200,000
or more.
39. Only the following sources of funding will be accepted for this section. These are:
Registered venture capital firms regulated by the Financial Services Authority: Venture
Capital is defined on the Gov UK website at www.gov.uk/ Venture Capital firms must be
regulated and listed as venture capital firms by the Financial Services Authority (FSA) to be
considered for the award of points. The FSA website is at www.fsa.gov.uk
UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade &
Investment website: The list of competitions that have been endorsed for this purpose and
can be considered for the award of points is given on the UKTI website on www.ukti.gov.uk
UK Government Departments or Devolved Government Departments in Scotland, Wales
and Northern Ireland, and made available by the Department(s) for the specific purpose
of establishing or expanding a UK business: Where a UK Government Department
or Devolved Government Department is providing all or some of the funds specifically for
the purpose of setting up or expanding a business in the UK, the funding package can
be considered for the award of points. Please see www.gov.uk/ for information