Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, new startups are founded every day. To introduce you to 5 recently founded GovTech startups, we analyzed 756 startups in the field. All of them develop innovative solutions spanning from digital licensing to geospatial intelligence and community engagement.
The 5 promising GovTech startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 756 companies that were analyzed for this report are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date data solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies.
Global Startup Heat Map: 5 GovTech Startups to Watch
The Global Startup Heat Map below highlights 5 GovTech startups developing technology-driven solutions for different industries. Moreover, you can explore global hotspots for GovTech startups and even download this graphic to include in your next presentation.
L3COS provides Blockchain-based Infrastructure
As governments move their services online for a digital economy, keeping sensitive data safe is a challenge. GovTech startups are turning to Blockchain to build a scalable infrastructure that also builds trust among citizens. Blockchain technology also provides transparency and immutability, which makes it attractive in tackling corruption for a range of activities, such as licensing or voting.
British startup L3COS provides a quantum-safe blockchain-based operating system for governments. It allows governments to build fully regulated infrastructure that protects sensitive data while reducing expenses in information exchange. The solution simplifies monitoring, reducing the risk of corruption and fraud. Moreover, it enables auditable and transparent access to data to increase trust.
Future Identity offers Digital Licensing
Professional licenses are an important revenue stream for governments. However, it is a huge burden on government employees in charge of updating these identities. Keeping track of multiple government identities and licenses is a hassle for the citizens as well. GovTech solutions move government-authorized licenses online, making them easy to access and update.
Australian startup Future Identity offers secure and dynamic digital licensing. The startup’s solution unifies data from various agencies, allowing users to manage different permits and licenses in a single mobile app. It also allows users to update license information in real-time, as well as add demerit points or special conditions. It also provides a simple payment interface that allows government departments to issue invoices.
Fuente enables Flexible Data Collection
Governments collect large amounts of data to inform developmental plans for years, or even decades, to come. As governments embrace digitalization, data platforms meet the demand for collection, curation, and analysis of the data. GovTech startups build solutions that leverage advanced analytics and data visualization for urban planning, transportation, and emergency services, as well as social welfare.
Fuente is a Singaporean startup developing a flexible data management platform for cities. It collects geo-referenced data, maps results, and creates surveys and trace routes for local governments’ needs. It allows governments to update land use maps and assess the state of public infrastructure to inform developmental and maintenance work, respectively.
Black Cape delivers Geospatial Intelligence
Satellites gather large amounts of geospatial data with a very high resolution. Governments of all sizes are leveraging this data to offer new services. GovTech startups use artificial intelligence to derive insights from spatio-temporal data. Some of these include agricultural recommendations, identification of new oil & gas deposits, faster first responder times, and many more.
Black Cape is a US-based startup that delivers geospatial intelligence for government and industry. WorldPixel8, the startup’s recommendation engine, transforms geospatial observations into a machine learning matrix. It enables advanced geospatial analysis of large regions for suitability analysis within just seconds. The startup also provides solutions for spatial-temporal analysis and real-time geospatial collaboration.
Parley AI offers a Community Engagement Solution
Most people do not actively engage with their local governments due to complex bureaucracy, opaque protocols, as well as lack of time. GovTech solutions accelerate citizen participation by addressing these issues with mobile apps and online platforms. These solutions strengthen community engagement, leading to better policies and improved delivery of government services.
The US-based startup Parley AI offers a community engagement solution. It allows governments and businesses to gain insights into large communities. ParleyVox, the startup’s city research platform, combines social media, ad network distribution, and open text surveys to support community engagement, as well as enable automated analysis of replies.
How will GovTech impact your company?
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