You are here: Home - News -

PropTech start-ups offered up to £20,000 in government funding

by:
  • 16/07/2018
  • 0
PropTech start-ups offered up to £20,000 in government funding
Property and location data start-up technology firms can apply for up to tens of thousands of pounds funding from the government.

 

As well as funding, the Geovation programme offers firms access to experienced software developers, expertise from the Land Registry and Ordnance Survey and mentoring with business proposals and investor relationships.

Selected start-ups can receive up to £20,000 in funding, along with the range of resources and services.

Applications to the programme close on 27 August.

Over the past two years, the Geovation programme has supported 72 start-ups that are using geospatial technology and data to create new products and services.

 

Transform property market

Firms are looking to create new technologies to help transform property, mobility and transport, infrastructure, energy, health and connectivity.

GetRentr, a PropTech company using artificial intelligence to track all UK property licensing regulations and consultations in real-time to ensure property portfolios are compliant, is one of the firms selected for the Geovation Programme.

The firm is working with letting agents and landlords via a partnership with the National Landlord Association. GetRentr is also about to launch a partnership with ARLA, the largest association of lettings agents in the UK.

GetRentr founder Orla Shields said: “Geovation has been life changing.

“The grant money has helped us do things we couldn’t have done while we were waiting to secure our investment.

“Geovation’s network and connections with major people in this industry and in the government is priceless to us.”

 

Land Registry data

Shields continued: “One of the best benefits has been the ability to use Ordnance Survey and HM Land Registry data.

“This gives us the option to reach out to more people who are looking to invest and be strategic with their portfolios.

“It has also helped us predict where regulations will be implemented.”

Head of Geovation Alex Wrottesley added: “We offer a founder-friendly environment, great mentors, support from Ordnance Survey and HM Land Registry, high-quality workshop content and, almost uniquely, a dedicated software development team in house, who work hand in hand with our companies to build and release their first products.

“This is something very few accelerators can offer and it means the businesses joining us can move faster and further than they otherwise would have been able to.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
artificial intelligence (AI), digital advice, technology
Vast majority of businesses will be using artificial intelligence by 2020 – Microsoft

A Microsoft technical evangelist predicted artificial intelligence (AI) will generate £40bn in the next three years at a seminar in...

Close