Colliers Techstars announces Class of 2019
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.
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, 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.”