Tier 1 Graduate Entrepreneur Visa
If you would like to set up your own business in the UK after you have graduated, you may be able to apply for a Tier 1 (Graduate Entrepreneur) visa.
The University of Bath Innovation Centre (UBIC) supports this visa scheme and has a limited number of visas to award each year. To apply for the Tier 1 (Graduate Entrepreneur) visa, you need to be endorsed by the enterprise team at Bath SETsquared. You will need to go through a detailed application process to get endorsed and will need to meet the criteria.
Our criteria at Bath SETsquared - as a university business incubator - are that an applicant;
- is a graduate or researcher who is seeking to commercialise original invention or IP and has a clear route to market;
- has a business proposition that fits within the support areas of our Business Acceleration Hubs [Sustainable Technology, Advanced Engineering, Digital Innovation, Health Tech, Immersive Techology] that has been developed and researched for a number of months so that it is ready to launch. NB: We expect to see clear evidence of market including extensive interviews with potential customers or clients ie. the entrepreneur may already have already conducted trials or launched an MVP in order to validate their idea.
- has a proven track record as an entrepreneur so that we have confidence in their skills (ie. has participated in graduate enterprise activities while at the university or has other evidence to show off-campus entrepreneurial activity)
If you fit this criteria and and would like to start the application process please send your business plan and a cover letter to the Graduate Enterprise Manager, Siobain Hone at S.Hone@bath.ac.uk.
If you are successful, you will need to pay for membership at the Bath SETsquared centre and will receive mentoring, training and introductions to investors. Once the Centre has agreed to endorse you, you will need to apply for your visa.
To apply for this visa you will need:
a 'genuine and credible' business idea endorsed by the University of Bath SETsquared Innovation Centre;
your degree certificate from the University of Bath
a letter of endorsement demonstrating ability and intention to establish your own business in the UK
financial evidence demonstrating £945 for a consecutive 90-day period if you apply in the UK
financial evidence demonstrating £1,890 for a consecutive 90-day period if you apply overseas
your current passport
two recent UK passport sized photos
It’s important to note that you will need the financial means to support yourself and to launch or run your business for the duration of the visa period; Bath SETsquared will only make introductions to the SETsquared funding network when the business is at a suitable stage in its growth and is deemed ‘investor ready’ by the enterprise team. There is no guarantee that this will happen within the first 12 - 24 months and is very much dependant on the individual entrepreneur and the strength of the business proposition.
You can apply for this visa from overseas or in the UK. Your visa will be granted for one year. You can then extend this by one more year, or switch to a Tier 1 Entrepreneur or Tier 2 visa. If you would like to discuss the visa application process, please attend a drop-in session.