The newly introduced Innovator visa is granted for three years if you first find a UK endorsing body that approves your business as innovative, creative and viable. The visa can be renewed every 3 years, it has no time limited as long as your UK endorsing body confirms that your business is still genuine and valid. To obtain UK settlement status, you need to be on the Innovator visa for five years and must comply to the guidelines as stipulated in the immigration rules and your UK endorsing body confirms your business is being run in accordance to your business plan and their guidance. If you decide to stop running a business prior to obtaining UK settlement status, you will have to switch into a new immigration route to remain in the UK.
