The Geovation Hub programme was set up three years ago to boost innovation in the UK geospatial industry by attracting new players, new visions, new thinking and new markets, and offering support to start-ups.
It widened the scope of the programme to include PropTech start-ups last year by partnering with HM Land Registry with aim of making the UK a global leader in the land and property market. This summer, the Hub relocated its office to accommodate the increased demand in its services.
The Geospatial Commission is now assessing the value of opening other hubs outside of London, in regions where GeoTech and PropTech start-ups would benefit from their proximity to industry. It also feeds into the Government's Industrial Strategy.
Head of Geovation Alex Wrottesley said: "We have built on the outstanding work of the Geovation Challenge and carried its ethos forward to offer start-ups a founder-friendly environment. Everything we do is designed to give them the best possible start. We provide them with great mentors, high-quality workshop content and, almost uniquely, a dedicated in-house software development team that work with our companies to build and release their first products. This is something very few accelerators can offer, and this means the businesses joining us move faster and further than they otherwise would have been able to.
"Generating investment and new jobs obviously has a positive effect on the economy. We always have one eye on how we contribute value to UK Plc. For us, it's very straight forward. We're trying to help new businesses start-up and there is great evidence that the most value created for the national economy is by helping companies go from 0 to 5 people."