Real estate firm Colliers and Techstars have opened applications for the third year of their jointly-run proptech accelerator, which is intended to help Colliers source and invest in new solutions across the real estate value chain.
Since the program’s launch, Colliers has launched 19 pilots and partnerships with its program alumni.
Hosted in Toronto, the program is aimed to help startups fine-tune business plans, gain a global real estate perspective, and explore pilots and partnerships with Colliers’ network. The program ends in a demo day, which features presentations to clients, real estate industry figures, and investors.
“This program is an important part of our innovation strategy as we continue to search across the world for value-enhancing strategies to deliver to our clients, game-changing business tools for our professionals, and diamonds in the rough that could disrupt our industry,” said Zach Michaud, vice president of strategic investments at Colliers Global.
Since the program’s launch in 2018, Colliers has launched 19 pilots and partnerships with its program alumni. Last year’s cohort of ten startups worked with mentors from Colliers and the broader industry to refine market fit and source new capital for their growth. Three Canadian startups out of 10 overall participants were chosen for the 2019 cohort. Sectors from the last cohorts included artificial intelligence, blockchain, and virtual and augmented reality.
“Colliers is one of Techstars’ most engaged partners, with dedication not only from the highest levels of the organization, but through every level of the firm,” said Ben Liao, managing director of the Colliers Proptech Accelerator. “They have truly leaned into building a world-class program that bridges the gap between early-stage technology and the real estate industry.”
The deadline for applications for the 2020 cohort is May 10, and the program will begin on September 7.
Image courtesy Techstars via YouTube