Honestly I did a fair few days of research and whenever the UK is listed as an option, the figure 200,000 gbp also shows up. Looking more into this, looks like

Honestly I did a fair few days of research and whenever the UK is listed as an option, the figure 200,000 gbp also shows up. Looking more into this, looks like there is a special 50k gbp if the money is coming from local VC's or government grant. In my case I have a side product that is fielding licensing inquiries, and I'm looking to bootstrap (figure that's just as time consuming as fund raising). I don't have 200k gbp in the bank, and I'm not willing to nor see the need to gamble with family and friends' money. So to me the UK scheme falls into the category of "major capital requirements".