Ordnance Survey - English
Geovation Programme returns for 2019 to help start-ups break through
GeoTech and PropTech start-ups get the chance to advance their businesses after Geovation announced the return of its Accelerator Programme for 2019.
The application process has opened for the Programme, which is based at Geovation’s Hub in Clerkenwell, London.
The Accelerator Programme offers numerous advantages for GeoTech and PropTech start-ups. It puts people in touch with a network of mentors who are established entrepreneurs, industry leaders and advisors. A grant of £10,000 for six months, with the opportunity for another £10,000 afterwards, is available - along with 12 month’s free desk space at the hub. Programme members are given access to technical expertise, Ordnance Survey and HM Land Registry data, and open data sources. They also receive one-to-one sessions and workshops covering finance, fundraising, business planning, legal and intellectual property, company law, and coaching on presentations and pitching.
Alex Wrottesley, Head of Geovation, said: “We want to hear from any new start-ups, entrepreneurs and developers looking to solve customer problems with location data, or creating new digital solutions in the land and property sector. Geovation offers a unique combination of funding, expertise, relationships and resources and the teams on our Programme find themselves at the heart of our vibrant GeoTech and PropTech community.>
As well as financial assistance, mentoring and workshops, we are unique in providing access to a dedicated software development team in house, who work closely with our cohort companies to run lean experiments and build and release their first products.
All of this combines to help these emerging start-ups break through.
Backed by Ordnance Survey (OS) and HM Land Registry, the Accelerator Programme has produced a steady pipeline of success since its introduction in 2015. 84 start-ups have gone through the programme, creating more than 200 jobs and raising £23.3 million in investment funding.
Names to pass through the hub’s doors include property licensing data company Get Rentr, sexual harassment mapping app creators Safe In the City, and pay-as-you-fly commercial drone insurers Flock (which has gone on to raise nearly £3 million in investment funding).
Pae Natwilai, founder of drone software company Trik, was accepted on the programme last year. Her company automatically turns drone photo feeds into interactive 3D models for the structural inspections of buildings.
She said: “Through Geovation we have grown our team significantly and managed to secure pre-seed investment from two amazing investors, Alex Chesterman the founder of Zoopla and Simon Franks, founder of Lovefilm.
Next for us is scaling up the system and marketing it globally.
We are currently finalising a deal with a couple of large engineering enterprises both in the UK and internationally.
Jonny Britton, co-founder of land data platform LandInsight, went through the programme in 2015. He said: “Geovation has a technical group of people who could give you real-time consultancy to how you can start moving faster with that data to put it into your products.
Whenever you are with a group of people who are really pushing those boundaries, it’s a fantastic place to be.
Olly Thornton-Berry is co-founder of PropTech start-up Thirdfort, which works with lawyers to securely hold money during property transactions.
He said: “Geovation has been immensely helpful, supporting us from incubation to a business with over £670k in funding, a testable product and two new developers working in house. We now feel we have a foundation to grow from and Geovation has been integral to that foundation.
Another PropTech company aided by the programme was Hipla, which developed a Home Buyer Passport to improve transparency in the home buying process.
Co-founder Adam Phillips said: “Receiving backing, guidance and help from HM Land Registry, Geovation, and Ordnance Survey has helped our early stage start-up gain a much steadier footing than it otherwise would have done. Their help with early stage funding, office space, data and market insights has been invaluable. Their support has meant we are now in a much better position to deliver on our objectives of improving the home buying process."
Notes to Editors
Geovation is an Ordnance Survey initiative in association with HM Land Registry, which is dedicated to supporting open innovation and collaboration using location and property data. Location is at the heart of many of the most successful digital products and services. Land and property is the foundation of our national economy. https://geovation.uk/
About HM Land Registry
HM Land Registry is a government department created in 1862. It operates as an executive agency and a trading fund and its running costs are covered by the fees paid by the users of its services. Its ambition is to become the world’s leading land registry for speed, simplicity and an open approach to data.
HM Land Registry safeguards land and property ownership worth in excess of £4 trillion, including around £1 trillion of mortgages. The Land Register contains more than 25 million titles, which show evidence of ownership, for some 85% of the land mass in England and Wales.
For further information about HM Land Registry visit the gov.uk website.
For more information:
Contact: Keegan Wilson, Senior Press Officer
Phone: (+44) 02380 055332
Latest News from
Ordnance Survey - English
New high-altitude platform to revolutionise the way we look at Earth13/02/2019 10:05:00
Ordnance Survey and a team of world-leading aeronautic engineers are developing a highly innovative solar powered, High Altitude Pseudo Satellite (HAPS) that is going to change the face of Earth observation and the way we map our planet.
Ordnance Survey makes map toolkit for developers30/01/2019 10:15:00
Ordnance Survey (OS) releases OS Open Zoomstack, a free, customisable digital mapping toolkit that gives developers the ability to create quick, easy 2D and 3D maps for use in apps and websites and offline pages.
Engine Shed and Geovation partner to provide a boost to South West GeoTech and PropTech start-ups25/01/2019 10:20:00
Start-ups in and around Bristol and Bath could be in line to receive specialist support from Ordnance Survey (OS) and HM Land Registry (HMLR), as Engine Shed announce partnership with OS’s start-up support initiative, Geovation.
Ordnance Survey and Mobileye team up to deliver roadside infrastructure data to enable a connected Britain08/01/2019 14:15:00
An agreement between Britain’s national mapping agency Ordnance Survey and Mobileye, an Intel company, is set to deliver high precision road network location data to enable a fully connected digital Britain.
NEW – OS Trail Bike Cycling Computer with OS 1:50k full GB mapping17/12/2018 14:15:00
The OS Trail Bike is packed with features to make the most out of every ride, including OS 1:50k Landranger mapping for the whole of Great Britain straight out of the box.
Ordnance Survey appoints John Clarke as Non-Executive Director22/10/2018 12:37:00
Ordnance Survey (OS), Great Britain’s national mapping agency, has appointed John Clarke to its board as a Non-Executive Director.
Pit your wits against Britain’s greatest map makers19/10/2018 10:25:00
Do you know your trig points from your National Trails? Can you calculate using contours? And exactly how far the footpath is from the free house? It’s time to find out in Ordnance Survey’s new puzzle book that contains over 200 fascinating and fiendish brainteasers!
Meet the latest GeoTech and PropTech companies to join the Geovation Programme16/10/2018 10:25:00
The Geovation Programme has been running for three years and has so far helped 72 GeoTech and PropTech businesses create 189 new jobs and raise £19.5M in investment funding.