Ordnance Survey - English
Geovation helps establish GeoTech and PropTech
£19.5 million in capital raised. 189 new jobs.
Three years ago, following the success of its Geovation Challenges, Ordnance Survey (OS) opened the Geovation Hub in London. The move was made to further energise innovation in the UK geospatial industry by attracting new players, new visions, new thinking and new markets, and offering these start-ups the best possible support through the Geovation Programme.
Twelve months ago, to widen scope of the Programme to include PropTech start-ups. Geovation and OS partnered with HM Land Registry to help the UK become a global leader in the land and property market.
In the three years since the Hub opened, businesses that have entered its Programme have so far raised £19.5m in investment funding and created 189 new jobs.
The Geovation Hub has been so popular with the start-up community that this summer it relocated its office to accommodate the increased demand in its services.
Head of Geovation, Alex Wrottesley, said: “We have built on the outstanding work of the Geovation Challenge and carried its ethos forward to offer start-ups a founder-friendly environment. Everything we do is designed to give them the best possible start. We provide them with great mentors, high-quality workshop content and, almost uniquely, a dedicated in-house software development team that work with our companies to build and release their first products. This is something very few accelerators can offer, and this means the businesses joining us move faster and further than they otherwise would have been able to.
“Generating investment and new jobs obviously has a positive effect on the economy. We always have one eye on how we contribute value to UK Plc. For us, it’s very straight forward. We’re trying to help new businesses start-up and there is great evidence that the most value created for the national economy is by helping companies go from 0 to 5 people.
“To the start-up community in general the Geovation Hub adds a new dimension. There’s a huge market for accelerators and incubators and start up hubs, spaces and co-working spaces, London is littered with them. So where Level 39, the big financial technology (Fin Tech) accelerator founded by Canary Wharf has been hugely successful is because the people working with those technologies have a lot in common. They all sit in the same space and share the same knowledge and experience. We are doing the same with Geo Tech and PropTech.
For more information:
Contact: Keegan Wilson, Senior Press Officer
Phone: (+44) 023 8005 5332
Latest News from
Ordnance Survey - English
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.
Driving geospatial innovation in Singapore and the United Kingdom through MOU between the Ordnance Survey and the Singapore Land Authority27/09/2018 10:15:00
A memorandum of understanding (MOU) was yesterday inked between Ordnance Survey (OS) and the Singapore Land Authority (SLA) to drive geospatial innovation in Singapore and the United Kingdom (UK).
GetOutside with 100 Outstanding British Walks26/09/2018 12:15:00
Are you an armchair traveller who would like to spend more time outside, or are you an experienced walker looking for new views of our beautiful and diverse landscape? Ordnance Survey has just released 100 Outstanding British Walks, an inspirational collection of tried and tested routes that take in the best sights England, Scotland and Wales have to offer.
Discover more with new OS Maps 3D feature25/09/2018 13:15:00
Ever wanted to visualise where you are going from the comfort of your armchair? A new free OS Maps augmented reality (AR) feature makes this possible by bringing walking and cycling routes to life.
Ordnance Survey gets people active for National GetOutside Day 201803/09/2018 09:10:00
Ordnance Survey is urging one million people across the nation to get active outdoors on Sunday 30 September for the first ever National GetOutside Day. OS has teamed up with supporters across the country to organise guided walks, cycling and other outdoor activities in a bid to encourage more people of all ages and abilities to get outside more often.
Ordnance Survey underpins UK driverless car testing17/08/2018 15:05:00
Ordnance Survey (OS) is one of 11 partners in OmniCAV, a £3.9m project to develop a world-first Artificial Intelligence-based simulation model for testing autonomous car safety.