The innovation arm of Ordnance Survey has welcomed the latest cohort of GeoTech and PropTech startups to its accelerator programme Geovation; the 19th group to go through the incubator.
Geovation’s Accelerator Programme was launched in 2009 as a collaboration between Ordnance Survey and HM Land Registry to provide start-ups with expertise and support to help develop their businesses. It says it has supported over 150 start-ups and helped unlock £175m on investment.
As part of their incubation, start-ups get access to a bespoke package of equity-free funding, a 12-month residency in the Geovation hub (6 months of which includes intensive support from industry experts), workshops, coaching, and access to OS and HMLR data; crucial for the development of businesses in pre-seed funding stage.
The latest cohort include
- Scorify – Providing a credit score for properties to help property owners, managers and tenants monitor the condition of the property during tenancy and encourage regular maintenance
- Crystal Roof – Empowering home seekers and businesses with reliable data to make well-informed decisions about where to live, invest, or develop
- Home Sale Information – Providing an innovative platform, Home Sale Pack, to simplify and streamline the process of buying and selling property by digitalising the conveyancing process
The GeoTech branch of the programme is supported by OS, and the start-ups accepted onto the programme are:
- Local Energy Systems – Helping organisations reach net zero through decentralised energy by improving accuracy of site assessments
- Floodwise Group – Protecting homeowners and insurers from flooding by bringing together advances in flood defence technology, flood monitoring and alerting, and logistics
- Safest Way – A proactive approach to improve pedestrian safety using data analysis to highlight any potential threats before they arise
- Iodo – A software solution enabling intelligent and adaptable management and optimisation of last-mile deliveries
Isabelle Chatel de Brancion, Business and Innovation Lead at Geovation, said:
“We look forward to supporting the next wave of founders and startups as they tackle some of the most pressing challenges in the GeoTech and PropTech sectors through the power of geospatial data. At Geovation, our programme is designed to offer support and access to industry experts, cutting-edge technology, and a vibrant community of like-minded entrepreneurs, empowering startups to build an environmentally and socially sustainable future for all.”
“Through the years, we have witnessed more than 150 startups make significant impacts in their fields, creating thousands of jobs and securing substantial funding, of which over 75% came through the Accelerator Programme. This cohort will join a dynamic ecosystem of future leaders that are making a positive impact on the economy.”
Lynne Nicholson, Deputy Director for Data at HM Land Registry, added
“We have some very ambitious plans over the coming years that involve transforming our data, modernising the way we make it accessible and creating resilient, fully digital public services. We know that there will be significant challenges along the way, and therefore it’s critical we work collaboratively with the property industry to turn those plans into reality. I’m so looking forward to including the Geovation PropTech community in this exciting venture and testing out all the innovative ideas that come from it.”
Previous businesses to have been accepted onto the Accelerator Programme include AI-powered Report on Title service Navro Compliance; AML, source of funds and identify verification provider Thirdfort; and Enquiry Manager, a recently released enquiry management product from Collaborative Conveyancing.
The next programme intake will begin in Spring 2025.
