PropTech startups offered up to £20k in 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.

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.”

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.”

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