Have you heard about our Accelerator Programme and want to know a little bit more? We’ve got you covered. Discover the answers to our frequently asked questions that we get asked yearly below!
What financial support will I receive?
Our Accelerator Programme provides start-ups with a bespoke package of financial support, worth over £100k per start-up! We provide up to £20k equity-free grant funding, broken down into two six-month £10,000 tranches.
Unlike many Accelerators, we don’t ask for any equity in your company at all. We believe this value for money can be extremely useful for early-stage founders as it gives you time to focus on your start-up whilst not having to worry about funding for the moment. Our support goes beyond monetary value.
How long will I receive support from Geovation?
The Geovation Accelerator Programme runs for 12 months, with 6 months hands on focused support whilst you’re on the Programme and 6 months of hands-off go to market support after you’ve graduated from the Programme.
However, the help on offer from the Geovation community is timeless, we pride ourselves on having an innovative, vibrant community that provides endless support.
Once you’re on our Programme, you’ll be added to multiple groups with fellow founders on the same cohort as you and in our community. These groups typically don’t go quiet after you’ve ‘graduated’ from the Programme. Previous cohorts normally stay in contact with each other, often years after being on the Programme. The benefits of this are invaluable. You have access to fellow founders who have been through or are going through the same process as you on hand to help you with any problems you come across.
Am I eligible to apply?
Our eligibility criteria is simple, if you fit the criteria and think you’re who we’re looking for then you’re eligible to apply. You must be an early-stage start-ups using location and/or property data to apply. To be eligible to apply, start-ups must be:
• UK registered or eligible to be
• Incorporated or not
• Pre-seed funding
Why are there two tracks?
What if I relate to both GeoTech and PropTech track? Which one should I apply to?
If you’re not sure what track you should apply to, apply to one of them and we will move you around if we think is appropriate. As long as you believe your start-up fits the eligibility criteria, please still apply as we can easily move you if we think you’ve applied to the wrong track.
Am I a GeoTech start-up?
It can be confusing trying to figure out if your start-up would be considered as a GeoTech start-up. Our blog post explains all you need to know to find out if you’re classified as GeoTech or not. Read our What is a GeoTech Start-up blog post here.
What is the application process?
The application process is straight forward. To apply, fill in our application form on F6s. Follow the questions through, the more details you give the better your application will be. You can always save the form and go back to complete it later, but we recommend you complete it all in one go to avoid forgetting to apply!
Once you’ve applied, we will sort through all the applications and select the ones that we want to move forwards with. As soon as we’ve done this, we will let you know if you’ve been selected to enter the next phase of the application process.
After the screening, we will be in contact with everyone via email to let you know if you have been successful or not. Be sure to check your junk mail in case our emails end up there. We will be inviting the successful founders to the interview dates indicated on the call, so please make sure you keep yourself available and avoid booking holidays on these days.
Following the interviews, we will make the decision if we want to support your start-up or not.
Can I attend the interview in person?
We want to offer the same opportunity to everyone regardless of location/access etc., so we are not able to accommodate requests for in-person interviews unfortunately.
I’m having issues submitting my application, can you help me?
Usually when people experience problems with their application it’s because of our platform provider F6S. This is rare, but if you do come across any technical issues, it is advised you get in touch with F6S directly for technical support.F6S are ultimately responsible for handling any technical issues, unfortunately, we can’t solve them at our end.
Please go to their support platform here.
Apply to our Accelerator Programme
Still have some more questions and you want answering before applying?
Watch a video from the team from the previous cohort and Programme Manager in our Geovation Accelerator: All You Need to Know online session recording here or the Founders Corner: Applying to the Geovation Accelerator Programme here.