#Business

Promoting Innovation and Entrepreneurship in the Geospatial Industry in 2019

Data linked to location has the potential to change our lives for the better, improve our economy and create jobs. The geography of the spaces we live, work and move through are fundamental to our everyday lives. It impacts how we get around, our education, how we communicate with one another, our productivity and our access to healthcare. Simply put, if we can unlock the power of location, through collecting insightful data, we can deliver huge benefits to society and to the economy.

The global market for geospatial data is huge, with an estimated size of $300bn (£231bn), which is currently growing at a rate of 12% a year. The sector will play a key part in creating more efficient energy and transport infrastructure, as well as aiding the advancement of technologies such as machine learning, autonomous vehicles, and 5G.

Companies like Uber and Citymapper, which rely on location data to deliver their service, have become almost ubiquitous, but how do we ensure new and emerging start-ups in the geospatial sector continue to find success and grow?

We believe these opportunities can only be fully realised when public sector organisations and government departments work together to support their growth and broaden access to key national datasets that can enhance their products and services.

To help deliver on this vision, we built on our years of experience running innovation challenges by opening the world’s first geospatial innovation hub – Geovation – in 2015.

Geovation is an award-winning initiative of Britain ’s national mapping agency, Ordnance Survey, supported by  HM Land Registry. Its mission is to launch and grow innovative solutions to social, environmental and economic challenges that harness the power of location data and technology.  We do this by providing start-ups with access to data and infrastructure. Our connections with central and local government, and with businesses, such as IBM, ESRI and Cyient, enable us to support location-data entrepreneurs with expert advice, funding and networking opportunities.

Location is at the heart of the most successful digital products and services, and together, land and property make the foundation of our national economy.  The 84 businesses we have supported so far have created solutions for over 10 market sectors in the process while raising millions in investment and creating hundreds of jobs in the process.

Our 2018 intake of companies showcase how geospatial data can be used to tackle some of our most challenging problems. For example, Trik combines drone footage and geospatial data to create 3D models of infrastructure and building sites, enabling companies to better plan infrastructure or building projects, and detect structural changes. While Skyscape uses data and AI to ‘unleash the value of rooftops.’ The company uses its technology to identify rooftop space that could be utilised to help tackle urban challenges, such as transport, energy or connectivity.  Then there is Refill, an app that reduces plastic bottle dependency by directing people to free tap-water refill points.

The opportunities created by intelligent use of geospatial data are vast. It could potentially lead to solutions in many sectors, ranging from healthcare, energy, telecoms, retail, to even helping tackle environmental challenges.

If we are to deliver real benefit to the economy, society and the environment we need to provide the support that helps innovative companies thrive. It could potentially unlock billions for the UK economy, create jobs, while enabling us to tackle the Grand Challenges set out by the UK Government in its Industrial Strategy: AI, Ageing Society, Clean Growth and Future of Mobility.

As we look forward to the year ahead, we’re more excited than ever about the role of geospatial data in delivering on these ambitious goals.

If you’re a start-up looking to make a difference, we want to hear from you. Your business can be headquartered anywhere in the world, as long as you’re willing to set up an operational team in the UK – and we’re confident you won’t find a better environment to make your ambitions a reality.

But don’t take our word for it. This is what Ed, CEO, Flock had to say about us:

“I would recommend the Geovation Accelerator Programme very highly… It’s a fantastic environment to work in; you get access to a range of experts in lots of fields, fantastic consultants who will help you form your business plan, take your business plan to market, grow your team and grow your product. And it’s a fun and friendly environment to work in!”

We’ll be open for applications from 21st January – 4th March. If you’ve been thinking of starting up in 2019 get in touch! www.geovation.uk email programme@geovation.uk or follow us on Twitter @geovation Alex is Head of Geovation. Follow him on Twitter @lexonic for updates.

Geovation is an initiative of Ordnance Survey, Britain’s national mapping agency, in partnership with HM Land Registry.

The Geovation Accelerator Programme next opens for applications on 21st January 2019. The Accelerator is open to any early-stage GeoTech and PropTech startup operating in the UK. 

Say thanks for this article (0)
#Business
#Business
How the EU Space Programme is contributing to the EU Green Deal.
Avatar for Vanessa Alexakis
Vanessa Alexakis 07.19.2022
AWESOME 0
#Business
What are the key barriers and challenges in achieving sustainability in Transportation and Logistics?
Aleks Buczkowski 11.30.2021
AWESOME 3
#Business
Location intelligence platform Carto raises a $61 million Series C round
Nianhua Liu 12.20.2021
AWESOME 0
Next article
#Business

Esri seeks to woo developers with new, affordable ArcGIS plans

With ArcGIS, you can create rich, interactive, intelligent data visualizations and interact in 2D and 3D

If you are an independent developer who has always found Esri products too expensive, here’s a news that may brighten up your Monday – AcrGIS for Developers is becoming much more accessible and affordable. Check out the deets:

Free Plan for ArcGIS Beginners

If you are looking to get started on your ArcGIS journey, you can now plan, build and deploy unlimited non-revenue-generating apps – without even sharing your credit card information with Esri. The new Essentials Plan by the GIS pioneer would give you:

  • 1,000,000 map and geocode transactions per month
  • Style basemaps and host your authoritative content
  • 10,000 route transactions per month
  • Over 40 GB of tile and data storage

“Developers can now access dozens of different maps from our Living Atlas, store their data securely, route, and geocode, as well as create and deploy apps with much greater ease and efficiency,” David Cardella, Esri product manager for developer technologies points out.

New Pay-As-You-Go ArcGIS Model

For any additional service requests or transactions after you have exhausted your free plan, you pay-as-you-go – which is definitely more affordable than committing to a fixed subscription plan. More details about these charges can be found here.

Monthly Plan for Commercial Deployment

If you’re looking to deploy a commercial app, a paid developer subscription becomes your key to an unlimited number of deployment licenses. This paid Builder plan is now being offered at a monthly rate of $125, while existing annual plan subscribers can avail a benefit of 10% discount on their current plans. Further, if they wish, annual subscribers can also switch to paying monthly.

Routing Transactions Price Drop by Esri

Another development worthy of your attention is that the price of routing services has been reduced substantially. Instead of paying $4.00 per 1,000 routes, you will now need to pay only $0.50 per 1,000 requests. This price drop is applicable to all ArcGIS users, including the developer community.

Vineet Sharma, Product Marketing Manager at Esri, sums up when he says, “At Esri, we are committed to delivering the most innovative solutions to help you succeed. With these enhancements, we aim to deliver an improved experience that brings the power of mapping to all developers and provides greater simplicity and accessibility at a more flexible price. You now have greater freedom to build, manage, and deploy apps as quickly as possible by using the specific tools you need, when you need them, and priced to fit your individual needs.”

Read on
Search