The real estate giant has teamed up again with US accelerator, Techstars, to launch a 2019 programme for global proptech startups.
The three-month accelerator connects startups with experts from around the world to help them develop and deliver technology solutions that solve problems across the property and commercial real estate industry.
Colliers said the programme combines Techstars expertise in tech innovation, startups and alumni network with its expertise in real estate and enterprising culture, and it’s looking for businesses that will “help lead the industry to the future”.
Ben Liao, managing director of Colliers Proptech Accelerator said: “Colliers is a deeply committed partner working to drive change in the commercial real estate industry, making this a unique and special program.”
“We work closely at every step to ensure the startups receive the best and most appropriate mentorship to accelerate their success.”
Dylan Taylor, CEO of Colliers Real Estate Services, said: “By strategically investing in the right technology solutions and enterprising founders, we can shape the future of our company and the industry.
“In the words of Peter Drucker, the iconic thinker and founder of modern management who had a great personal influence on Colliers, ‘The best way to predict the future is to create it’ and we believe we are doing just that.”
Last year saw a range of companies take part on the programme, developing solutions across areas such as commercial datasets, office services and tenant engagement, Big Data, Artificial Intelligence, space-as-a-service, marketplaces, smart cities and Internet of Things.
Startups from the 2018 cohort included:
- A Retail Space (New York, US) – a startup that helps businesses find their perfect location through big data.
- Basking.io (Berlin, Germany) – an ROI-driven occupancy analytics platform designed for flexible office space providers and real estate managers.
- Booqed (Hong Kong, China) – an online platform that allows businesses to find short-term spaces quickly and landlords to monetise their spaces.
- Lane (Toronto, Canada) – a tenant platform to increase community, connectivity and engagement in office buildings.
- MapYourProperty (Toronto, Canada) – a mapping solution to simplify the planning process in real estate land development.
- Raybased (Goteborg, Sweden) – a smart building control platform that uses wireless technology to help commercial building owners enable predictive maintenance of key building systems.
- RefineRE (Dallas, US) – a data platform that provides CRE portfolio intelligence to help organisations make smarter, better and faster decisions around property purchasing, selling, expanding or downsizing.
- SPCE (London, UK) – an app that allows students to find affordable university rental property near their campuses while helping landlords to simplify the student letting process.
- Upsuite (Denver, US) – a platform where organisations and professionals can find suitable coworking space.
Leon Ifayemi, CEO of SPCE, told PlaceTech: “Participating in the Colliers Proptech Accelerator Powered by Techstars was a fantastic experience. Techstars has a great reputation with regards to incubating successful companies, and this program not only presented opportunities for us to be seen, critiqued and ultimately used by Colliers, a leading name in the property space, but also to be mentored and exposed to potential investor interests in front of the wider proptech community.”
“The program fluctuated between moments of tranquil to extended periods of extreme intensity, which culminated with demo day presentations to nearly a thousand industry professionals and technology investors, as well as a worldwide audience of thousands who watched the event via livestream.”
Companies have until 12 May to submit their applications, with the programme kicking off on 9 September. Participating startups will then have the chance to demo their technologies on 5 December.