BERLIN—Union Investment and the German Tech Entrepreneurship Center, Europe's first private campus for entrepreneurship, are hosting the world's first PropTech Innovation Award. Its goal is to award innovative ideas that have the potential to disrupt the real estate industry on a global level. Startups around the world have been asked to apply.

The criteria were intentionally broad because disruption often comes from companies that are not part of the industry, according to the company. More than 200 Startups from 46 nations sent in their applications.

The nine finalists are as follows:

DRS Defect Radar from Vienna is a cloud-based SaaS solution for construction documentation and defect management in real estate projects;
Architrave from Berlin provides a digital real estate management solution through one centralized platform;
Casavi from Munich is a cloud-platform solution for digital property management;
Green City Solutions from Berlin develops smart solutions in the field of environmental services, CleanTech and sustainable urban planning;
BrickVest from London disrupts the model of how to invest in real estate around the globe;
ALLVR from Berlin creates a cloud-based business platform for visualization and communication on virtual reality headsets;
Building Radar from Munich is an online search engine to spot new construction projects worldwide and track their progress from planning to realisation;
Opinum from Charleroi (Belgium) is an online portal that centralizes and gives sense to building data;
PointGrab from Israel is a machine learning and computer vision company that provides innovative sensing platform to the smart building industry.

From that pool, Union Investment and GTEC selected nine companies for the final round. Those nine “have the potential to disrupt the real estate industry,” say Union Investment and GTEC.

The finalists will pitch their ideas on May 17, 2017 in Berlin in front of a live audience. The total prize money is 35,000 Euro. The winner will also get a spot in the recently-opened new GTEC Lab in Frankfurt am Main. There they will get free office space and access to the GTEC network of mentors and investors.

GlobeSt.com will update this story as we learn more about the final pitch.

Check out some of the below articles for other tech related CRE articles.

DRS Defect Radar from Vienna is a cloud-based SaaS solution for construction documentation and defect management in real estate projects;
Architrave from Berlin provides a digital real estate management solution through one centralized platform;
Casavi from Munich is a cloud-platform solution for digital property management;
Green City Solutions from Berlin develops smart solutions in the field of environmental services, CleanTech and sustainable urban planning;
BrickVest from London disrupts the model of how to invest in real estate around the globe;
ALLVR from Berlin creates a cloud-based business platform for visualization and communication on virtual reality headsets;
Building Radar from Munich is an online search engine to spot new construction projects worldwide and track their progress from planning to realisation;
Opinum from Charleroi (Belgium) is an online portal that centralizes and gives sense to building data;
PointGrab from Israel is a machine learning and computer vision company that provides innovative sensing platform to the smart building industry.

From that pool, Union Investment and GTEC selected nine companies for the final round. Those nine “have the potential to disrupt the real estate industry,” say Union Investment and GTEC.

GlobeSt.com will update this story as we learn more about the final pitch.

Check out some of the below articles for other tech related CRE articles.

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