We are thrilled to welcome ten startups from around the world to convene in Toronto, Canada for the 2019 Colliers Proptech Accelerator powered by Techstars. We have reached a tipping point in Proptech, the intersection of tech and real estate, with hundreds of applications to our program from each region around the world this year. We received applications from an unprecedented 50+ countries, resulting in the selection of 10 amazing teams! I’m proud to have them join us this September 9th in Toronto for 13 weeks, culminating in Demo Day on Wednesday December 4th.
Building on the successes of last year’s inaugural class along with our initiative to further grow the global Proptech entrepreneurial ecosystem, we are beginning to explore longer-term opportunities and advanced solutions to disrupt the industry. We selected a geographically diverse group of founders looking to build products, grow their businesses, and take advantage of the deep bench of worldwide resources that our program has to offer. This year’s companies are joining from Singapore, Madrid, Vantaa, Gold Coast, Berkeley, Denver and Toronto. We are fortunate to run this program with our global partner, Colliers International, who brings a deeply committed team of mentors and global reach and expertise to our accelerator.
Our entrepreneurs are innovating across a wide range of areas in the built world, including: machine learning/AI, blockchain, visualization solutions including AR/VR and more. Such technology advancements are enabling us to address a broader array of areas further upstream in the real estate value chain, which was thought to be further out in the industry just years ago. An important takeaway here is that this view has changed substantially over the past year alone, which is a sign of how quickly Proptech is evolving. Early adopters in the industry will be pleasantly surprised by our upcoming class.
Lastly, we will be evolving our Demo Day format to meet the needs of an industry craving deeper relationships with startups. This year’s Demo Day format will focus on driving more meaningful relationships between industry and startups through our proud title sponsorship of the Buildings Connect feature of The Buildings Show (December 4-6) and technology partner of The Real Estate Forum (December 4-5), adding a digital innovation lens to the real estate conversation. I have also teamed up with my good friend Michael Beckerman to launch the first episode of CREtech Toronto which will line up a full week of content focused on real estate and tech in the city. It’s time for Proptech in Canada to shine!
To those in the industry who are looking to work collaboratively with Colliers, with other industry leaders, with Techstars and with each other, this is the global platform that will help you succeed and I invite you to join us!
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