Prince Andrew has reportedly secured a lucrative commercial deal with Dutch firm Startupbootcamp that will earn him millions of pounds through his connections from the Pitch@Palace initiative.
The agreement marks the first known work undertaken by the Duke of York since stepping down as a working royal five years ago.
Under the agreement, the prince will receive payment for each deal Startupbootcamp strikes across global territories according to The Sun.
The arrangement was initially proposed by Startupbootcamp officials to Buckingham Palace last summer before being finalised.
Prince Andrew has reportedly secured a lucrative commercial deal with Dutch firm Startupbootcamp that will earn him millions of pounds through his connections from the Pitch@Palace initiative.
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"He will earn money from each deal SBC secures from his Pitch@Palace work," a source said.
The deal's timing coincides with King Charles's withdrawal of £1million annual funding for his brother, amid attempts to remove Andrew from Royal Lodge.
Despite these financial pressures, Andrew has maintained his residence at the Windsor property.
Palace sources indicate they have received assurances about Andrew's funding streams, with the new venture potentially helping secure his continued stay at Royal Lodge.
Palace sources indicate they have received assurances about Andrew's funding streams, with the new venture potentially helping secure his continued stay at Royal Lodge.
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Kauan von Novack, CEO of Startupbootcamp, expressed support for the collaboration, stating: "Our mission is to help entrepreneurs to create the change the world needs."
"We see immense value in the network built up by Pitch@Palace," von Novack added.
A Buckingham Palace source clarified the institution's position, stating: "Buckingham Palace officials have neither reviewed nor approved the details of any financial arrangements between the Duke or his advisers and any third party."
Earlier this week it was announced a school named after Prince Andrew plans to change its name.
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Prince Andrew School, which opened in 1989, has received approval from Buckingham Palace to change its name.
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The only secondary school on the remote British territory of St Helena is set to be renamed, moving away from its connection to the Duke of York due to "recent public controversy" and "negative media coverage."
Prince Andrew School, which opened in 1989, has received approval from Buckingham Palace to change its name.
Students at the institution are being asked to suggest a more "neutral" name for their school.
Buckingham Palace has given its approval ahead of the change and the new name will be implemented at the start of the academic year in September 2025.
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