Colliers is launching an accelerator with TechStars in Toronto focused on real estate technology.
“Disruptive changes in technology, evolving demographics, fierce global competition and increased connectivity are factors impacting all industries,” said Dylan Taylor, Colliers president and COO. “And the commercial real estate industry is no exception. Colliers sees this as an opportunity and is committed to being the most enterprising company in our industry by developing innovative and value enhancing services for our clients and professionals. Partnering with Techstars allows us to harness the best and brightest in operating technology accelerators and selectively evaluate and invest in new technologies.”
The real estate giant’s PropTech Accelerator is open to startups around the world. Startups selected for the 13-week program will be hosted in Toronto at Colliers’ headquarters, and receive mentorship focused on developing their products. Applications will officially open on February 19.
“Techstars is the worldwide platform that exists to help entrepreneurs succeed. Our cultural alignment with Colliers and ability to leverage its expertise and global platform creates a one-of-a-kind partnership in the real estate services industry,” said David Brown, founder and co-CEO of Techstars. “The Proptech startups selected for this program will create deep connections with Colliers’ industry experts worldwide while allowing them to accelerate their growth and business success in the future.”
Techstars also announced that it is partnering with Dentons, which will be among the accelerator’s preferred law firms for startups in the Techstars program in six countries: Canada, Dubai, Europe, France, Germany, and Singapore.
“Our team at Dentons is invested in the success of early-stage companies as well as investors and entrepreneurs active in this space,” said David Little, chair of the venture technology and emerging growth companies Group at Dentons Canada. “Our partnership with Techstars is another example of our commitment to companies early in their lifecycle.”