BERLIN—Union Investment and theGerman Tech Entrepreneurship Center, Europe's first private campusfor entrepreneurship, are hosting the world's first PropTechInnovation Award. Its goal is to award innovative ideas that havethe potential to disrupt the real estate industry on a globallevel. Startups around the world have been asked to apply.
The criteria were intentionally broad because disruption oftencomes from companies that are not part of the industry, accordingto the company. More than 200 Startups from 46 nations sent intheir applications.
The nine finalists are as follows:
- DRS Defect Radar from Vienna is a cloud-based SaaS solution forconstruction documentation and defect management in real estateprojects;
- Architrave from Berlin provides a digital real estatemanagement solution through one centralized platform;
- Casavi from Munich is a cloud-platform solution for digitalproperty management;
- Green City Solutions from Berlin develops smart solutions inthe field of environmental services, CleanTech and sustainableurban planning;
- BrickVest from London disrupts the model of how to invest inreal estate around the globe;
- ALLVR from Berlin creates a cloud-based business platform forvisualization and communication on virtual reality headsets;
- Building Radar from Munich is an online search engine to spotnew construction projects worldwide and track their progress fromplanning to realisation;
- Opinum from Charleroi (Belgium) is an online portal thatcentralizes and gives sense to building data;
- PointGrab from Israel is a machine learning and computer visioncompany that provides innovative sensing platform to the smartbuilding industry.
From that pool, Union Investment and GTEC selected ninecompanies for the final round. Those nine “have the potential todisrupt the real estate industry,” say Union Investment andGTEC.
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