Geovation

Geovation is a pioneering accelerator programme based in London, United Kingdom, specifically designed to foster innovation in the geospatial and property technology (PropTech) sectors. Established as an initiative of Ordnance Survey, Great Britain's national mapping agency, and HM Land Registry, the UK government department that registers the ownership of land and property, Geovation provides critical support to early-stage startups. Its unique positioning leverages the extensive data and expertise of its parent organizations to help entrepreneurs develop groundbreaking solutions that utilize location and property data.

The core of Geovation's offering is its comprehensive accelerator programme, which typically spans 12 months. Unlike traditional venture capital firms, Geovation primarily provides grant funding rather than equity investment for its initial support. Startups accepted into the programme can receive up to £20,000 in grant funding, which translates to approximately $25,400 USD based on recent exchange rates. Beyond financial assistance, participants gain access to dedicated office space in London, a rich network of industry experts, mentors, and investors, as well as specialized data and technical support from Ordnance Survey and HM Land Registry. This holistic approach is designed to accelerate product development, market validation, and business growth.

Since its inception in 2015, Geovation has played a significant role in nurturing the UK's geo-spatial and PropTech ecosystems. The programme has successfully supported over 150 startups, many of which have gone on to achieve substantial milestones. Collectively, companies that have graduated from the Geovation programme have managed to raise over £100 million in third-party funding, demonstrating the programme's effectiveness in preparing ventures for larger investment rounds and market success. Geovation's model emphasizes collaboration and innovation, aiming to create a vibrant community of entrepreneurs addressing real-world challenges with location and property data.