Location and property data start-ups could be in line to receive funding, business support and the strategic backing of Ordnance Survey and HM Land Registry (HMLR). The Geovation Programme is now accepting applications from start-ups using location and/or land and property data in their products and services.
If selected to join the programme, the start-ups will each receive up to £20,000 in funding and a range of resources and services to help develop their businesses. This includes access to experienced software developers, geospatial expertise from OS, property expertise from HMLR, and mentoring to assist with business proposals and investor relationships.
Geovation has been designed to support to SMEs, start-ups, and individuals using geospatial technology and data to create new products and services.
Earlier this month, Geovation was presented with an international award from the Geospatial World Forum which awarded Geovation its Geospatial Hub of the Year Award. The jury said: “Geovation has successfully connected individuals and SMEs and created opportunities, envisioned solutions and brought differentiation”.
Geovation members are using location and property data and new technologies to help transform a variety of sectors, including property, mobility and transport, infrastructure, energy, health, and connectivity. Since opening its doors two years ago, Geovation has seen the ventures it has supported raise £12.7m in investment and create 90 new jobs.
Head of Geovation, Alex Wrottesley, said: “We offer an exceptional launchpad to PropTech and GeoTech businesses.” John Abbott, director of digital, data and technology at HMLR, added: “The programme is delivering terrific results, so we are delighted to continue our support for the next tranche of start-ups.”
Miranda Sharp, director of innovation at Ordnance Survey, commented: “Combining new technologies and innovative business models to address social and economic challenges lies at the heart of the Government’s modern Industrial Strategy. Geovation embodies this.”
The spring 2018 programme begins in April; applications for the programme close on 26 February.