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Prince Andrew has obtained a new business opportunity that has the potential to generate millions of dollars, his first professional venture since retiring from royal responsibilities.
The Duke of York has teamed with the Dutch firm Startupbootcamp to serve as a business liaison, utilizing the high-profile contacts he made through his Pitch@Palace project, a networking platform that connects entrepreneurs and investors.
The arrangement comes at a critical moment for Andrew, since King Charles has withdrawn his £1 million annual assistance and attempted to remove him from Royal Lodge, his long-term Windsor home.
The new contract is likely to give Andrew with the financial resources to keep his house.
According to a person familiar with the situation, 'he stands to profit from every sale the company obtains through his business network, making advantage of the excellent relationships he developed over the years.'
The partnership comes after Prince Andrew faced public criticism following his contentious BBC Newsnight interview about his links to the late Jeffrey Epstein.
His link with Epstein continues to throw a pall, with institutions avoiding his name, including a school that just announced intentions to rebrand.
While this new enterprise represents a return to professional activities, it is unclear how the public and business community will react to his involvement in the corporate sphere.
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