Geovation’s first proptech accelerator is open for applications
Last week Lord Prior announced a new strategic partnership between HM Land Registry (HMLR) and Ordnance Survey (OS) to help propel the UK towards becoming a global leader in the land and property market.
The pilot partnership will see HMLR join OS at its Geovation Hub to encourage and support innovation and property technology (PropTech) businesses.
Geovation’s first PropTech Accelerator Programme is open for applications now until 17th August.
Geovation is based at a dedicated location-data lab in London that supports and enables open innovation and collaboration across many sectors. The Geovation mission is to expand the use of location and land and property data in the UK’s innovation community.
Business Minister Lord Prior says:
“The UK has a growing number of new entrants driving innovation in the housing sector. With HM Land Registry joining the Geovation Hub for the pilot scheme, the partnership offers great opportunities to further encourage and invest in the property-based technology (PropTech) start-ups of the future.
“It also provides a platform to promote the use of data from both Ordnance Survey and HM Land Registry to deliver the Government’s housebuilding agenda as part of our Industrial Strategy.”
Participants in the new pilot programme will receive up to £20,000 in grant funding and a range of resources and services that will help them develop their businesses. Geovation provides the support that participants need, including access to experienced software developers, geospatial expertise from OS and property expertise from HMLR.
This month the Geovation Hub also celebrates its second birthday. In that time, 18 start-ups have been supported through the Geovation Programme, and more than 900 members have used the Hub’s space and resources.
Shipamax, one of last summer’s programme companies, recently secured $2.5M in investment from the Founders Fund. Recent funding successes include Flock who raised £500,000 and Pedals Delivery who raised £130,000.
Find out more at geovation.uk/programme.