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Colliers Proptech Accelerator Powered by Techstars welcomes Class of 2019 startups

Ten companies from across the globe converge in Toronto, Canada for proptech accelerator program

TORONTO, 9 September 2019—Colliers International (NASDAQ and TSX: CIGI) announced today its Class of 2019 proptech startups taking part in the Colliers Proptech Accelerator Powered by Techstars. As the first truly global initiative of its kind, this groundbreaking program highlights our commitment to targeted innovation and our belief that strategic investments in the right technologies and founders can transform the industry.

This year, we received hundreds of applications from an unprecedented 50+ countries, demonstrating a strong growth in proptech, the intersection of tech and real estate. Our 2019 class of 10 companies represent six countries and are tackling a wide range of solutions, including quant valuation and investing, crowdfunding, asset fractionalization, machine learning, artificial intelligence, blockchain, as well as augmented and virtual reality.

“We set out on a mission to look for early-stage technologies across the real-estate value chain that deliver smarter, more personalized services to our clients and people,” said Jay Hennick, Colliers Global Chairman & CEO. “Building on the successes of last year’s inaugural class, in 2019 we are beginning to explore longer-term opportunities and more advanced solutions that could disrupt the industry which is helping us advise our clients on what is noise and what is real.”

The intensive three-month accelerator program is hosted in Toronto. It is designed to help the class refine business plans, gain global real estate perspective through the eyes of over 120 mentors, and explore pilots and partnerships with Colliers’ people and clients to accelerate growth prospects for all parties. The program culminates in Demo Day, featuring presentations to clients, real estate industry leaders and technology investors on December 4, 2019 providing a global stage for our startups.

This year’s Demo Day is particularly exciting as we are proud to be the title sponsor of the Buildings Connect feature of The Buildings Show (December 4-6) and technology partner of The Real Estate Forum (December 4-5), adding a digital innovation lens to the real estate conversation. More details on proptech programing will be shared in the coming weeks.

“What we have with Techstars is a special partnership. Startups get exposure to Techstars’ global expertise in tech innovation and building accelerators combined with Colliers’ enterprising culture, real estate expertise and global network. It is the only global program in the industry which combines a wide lens with a proprietary process that sharpens our focus as we identify targeted innovation,” said Zach Michaud, Colliers Vice President, Strategic Investments | Global. “We’ve now established formal partnerships with four companies from the 2018 class, including Lane, BooqedUpsuite and Basking and continue to work with the others towards their goals. We have gained tremendous energy and insight from our class participants and the program and look forward to working with the incoming class.” 

Colliers Proptech Accelerator Class of 2019

ADExADEx leverages machine learning and natural language processing to analyze legal documents and extract structured data efficiently and accurately. This offline data is combined with online sources to provide deeper insight and predictive analytics. Berkeley, USA
AREXAREX is a software company that creates real estate solutions using blockchain and the most advanced technologies. Madrid, Spain
BlueSuitBlueSuit creates unique insights for the commercial real estate investment lifecycle by leveraging modern artificial intelligence and machine learning technology to replace and advance the analyst teams exclusive to institutional owners.Denver, USA
BRED TokenBRED Token utilizes blockchain technology and tokenization to pioneer the future of public offerings and create a more efficient real estate investment process, providing freedom, security, liquidity and tradability on public stock exchanges.Toronto, Canada
Fast Office Fast Office takes PDF flyers and generates 3D layouts with a total cost of occupancy in minutes that gets offers rolling in fast. Toronto, Canada
FinneoFinneo is the comprehensive technology platform for commercial real estate debt management and placement.Toronto, Canada
PropertyQuantsPropertyQuants was founded by a team of PhD ex-quant traders looking to apply quantitative finance and data science techniques to global real estate, to improve decision making and help investors beat the market.Singapore, Singapore
RealarRealar is an augmented real estate app that helps people spatially visualize property as life size walkthroughs before it’s built.Gold Coast, Australia
SkenarioSkenario predicts the value and risks in properties using data and artificial intelligence on both residential and commercial real estate.Helsinki, Finland
TaloxTalox is a cloud native, data powered inventory and deal management system for the commercial real estate industry in Asia Pacific.Singapore, Singapore

You can read more here.

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PlaceTech: Colliers Techstars announces Class of 201

Global real estate company Colliers in collaboration with Techstars has announced the startups to join its three-month accelerator programme in Toronto.

  • ADEx: leverages machine learning and natural language processing to analyse legal documents and extract structured data. This offline data is combined with online sources to provide deeper insights and predictive analysis
  • AREX: software company that creates real estate solutions using blockchain and other technologies
  • BlueSuit: creates insights for the commercial real estate investment life cycle by leveraging modern artificial intelligence and machine learning technology to replace and advance the analyst teams exclusive to institutional owners
  • BRED Token: utilises blockchain technology and tokenization to pioneer future public offerings and create a more efficient real estate investment process, providing freedom, security, liquidity, and tradability on public stock exchanges
  • Fast Office: takes PDF flyers and generates 3D layouts with a total cost of occupancy in minutes to encourage offers
  • Finneo: a platform for commercial real estate debt management and placement.
  • PropertyQuants: founded by a team of PhD ex-quant traders looking to apply quantitative finance and data science techniques
  • Realar: an augmented real estate app that helps people spatially visualise property as life size walkthroughs before its built
  • Skenario: predicts the value and risks in properties using data and artificial intelligence on both residential and commercial real estate
  • Talox: a cloud native, data powered inventory and deal management system for the commercial real estate industry in Asia Pacific

The ten companies represent six countries and focus on a range of solutions, including: quant valuation and investing, crowdfunding, asset fractionalisation, machine learning, artificial intelligence, blockchain, and augmented and virtual reality.

Finneo's Process

Real estate debt management and placement startup Finneo shows the its process, click to enlarge

The aim is to provide the startups with global real estate knowledge from the perspective of 120 mentors, explore pilots with Colliers’ people and clients, and refine business plans. To round off the 12-weeks there is a Demo Day where the companies present their work and service to clients, real estate industry leaders and technology investors.

This year’s Demo Day will be on 4 December.

Jay Hennick, CEO Colliers Intl

Hennick wants “smarter, more personalised services” for Colliers and its clients

Jay Hennick, Colliers Global CEO and chairman said: “We set out on a mission to look for early-stage technologies across the real-estate value chain that deliver smarter, more personalised services to our clients and people.

“Building on the successes of last year’s inaugural class, in 2019 we are beginning to explore longer-term opportunities and more advanced solutions that could disrupt the industry which is helping us advise our clients on what is noise and what is real.”

Zach Michaud, Colliers vice president of strategic investments and global, said: “What we have with Techstars is a special partnership. Startups get exposure to Techstars’ global expertise in tech innovation and building accelerators combined with Colliers’ enterprising culture, real estate expertise and global network. It is the only global programme in the industry which combines a wide lens with a proprietary process that sharpens our focus as we identify targeted innovation.

“We’ve now established formal partnerships with four companies for the 2018 class, including Lane, Booqed, Upsuite and Basking, and continue to work with others towards their goals. We have gained tremendous energy and insight from our class participants and the programme and look forward to working with the incoming class.”

You can read more here.

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Announcing the 2019 Class of the Colliers Proptech Accelerator powered by Techstars

Click Here to see the original article from Ben Liao from CRE Tech

“We are thrilled to welcome ten startups from around the world to convene in Toronto, Canada for the 2019 Colliers Proptech Accelerator powered by Techstars.  

We have reached a tipping point in Proptech, the intersection of tech and real estate, with hundreds of applications to our program from each region around the world this year.  We received applications from an unprecedented 50+ countries, resulting in the selection of 10 amazing teams! I’m proud to have them join us this September 9th in Toronto for 13 weeks, culminating in Demo Day on Wednesday December 4th.

Building on the successes of last year’s inaugural class along with our initiative to further grow the global Proptech entrepreneurial ecosystem, we are beginning to explore longer-term opportunities and advanced solutions to disrupt the industry.  We selected a geographically diverse group of founders looking to build products, grow their businesses, and take advantage of the deep bench of worldwide resources that our program has to offer. This year’s companies are joining from Singapore, Madrid, Vantaa, Gold Coast, Berkeley, Denver and Toronto. We are fortunate to run this program with our global partner, Colliers International, who brings a deeply committed team of mentors and global reach and expertise to our accelerator.

Our entrepreneurs are innovating across a wide range of areas in the built world, including: machine learning/AI, blockchain, visualization solutions including AR/VR and more.  Such technology advancements are enabling us to address a broader array of areas further upstream in the real estate value chain, which was thought to be further out in the industry just years ago.  An important takeaway here is that this view has changed substantially over the past year alone, which is a sign of how quickly Proptech is evolving. Early adopters in the industry will be pleasantly surprised by our upcoming class.

Lastly, we will be evolving our Demo Day format to meet the needs of an industry craving deeper relationships with startups.  This year’s Demo Day format will focus on driving more meaningful relationships between industry and startups through our proud title sponsorship of the Buildings Connect feature of The Buildings Show (December 4-6) and technology partner of The Real Estate Forum (December 4-5), adding a digital innovation lens to the real estate conversation.  I have also teamed up with my good friend Michael Beckerman to launch the first episode of CREtech Toronto which will line up a full week of content focused on real estate and tech in the city. It’s time for Proptech in Canada to shine!”

Finneo | Toronto, Canada

Finneo is the comprehensive technology platform for Commercial Real Estate Debt management and placement.

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