PropTech refers to a growing sector that leverages technology and innovation to design and develop advancements in the real estate domain.

It encompasses a wide range of technological solutions, including but not limited to:

• Online property marketplaces: Platforms that connect buyers, sellers, and renters, streamlining the property search process.
• Smart home technologies: Devices and systems that enhance the functionality, security, and energy efficiency of properties.
• Big data and analytics: Utilising data to gain insights into market trends, property valuations, and customer preferences.
• Virtual and augmented reality: Immersive technologies that enable virtual property tours and visualisation.
• Blockchain: Facilitating secure, transparent, and efficient real estate transactions through decentralised ledgers.
• Internet of Things (IoT): Integrating various devices to create smart buildings and improve property management.
• Artificial Intelligence (AI): Implementing AI algorithms for property price predictions and personalised property recommendations.

PropTech at Geovation

For Geovation, and our PropTech sponsor HM Land Registry, startups combining geospatial data with PropTech solutions offer numerous advantages:

• Enhanced decision-making: Geospatial data enriches property-related insights, helping stakeholders make informed decisions about investments, development projects, and urban planning.
• Geolocation services: By incorporating location-based services, PropTech solutions can provide users with hyper-localised data, personalised recommendations, and seamless navigation.
• Sustainable urban development: When committed to sustainable practices, startups using PropTech can optimise resource allocation, reduce energy consumption, and promote eco-friendly designs.
• Community engagement: PropTech can foster community involvement by facilitating feedback, allowing stakeholders to voice opinions on development projects, and creating more transparent communication channels.
• Market transparency: The combination of geospatial data and PropTech fosters market transparency, ensuring fairer property valuations, and enabling comprehensive risk assessments for investors and lenders.

Our PropTech Startups

To give you an idea of the startups we’ve supported, and what we’re looking for this time, here are the PropTechs on our current cohort:

hesti: A start-up whose software allows homebuilders to automatically produce feasibility assessments for building sites using offsite construction solutions that prioritise sustainability and innovation, reducing building costs and project timelines.

Keychain: Keychain is a digital hub for mortgage brokers, solicitors, and their clients. Homemove and remortgage workflows are quick and easy on the Keychain platform.

Conveyo: Through upfront property information and AI, Conveyo makes conveyancing faster and more certain turning property transactions into a stress-free and user-centric digital

Still not sure if you’re eligible to apply to the PropTech track?

For queries on whether you fit into the Geovation PropTech track please contact Maeve. More information on the benefits of the accelerator and how to apply can be found here.