Since 2015, 84 start-ups have gone through the programme, creating more than 200 jobs and raising £23.3 million in investment funding
The Ordnance Survey (OS) initiative, Geovation, is giving geotech and proptech start-ups the chance to advance their businesses in its 2019 accelerator programme.
The programme, based at Geovation’s Hub in Clerkenwell, London, is also backed by HM Land Registry. 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.
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.
They are also connected with a network of mentors who include established entrepreneurs, industry leaders and advisors. They receive a grant of £10,000 for six months, with the opportunity for another £10,000 afterwards along with 12 months’ free desk space at the hub.
“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,” said Alex Wrottesley, head of Geovation.
“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.
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).
“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”
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, 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.”
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