Brisbane’s property industry and associated technology cluster are primed to capitalise on one of the world’s fastest growing niche industries with the launch of the PropTech Pilot Program.
Delivered as part of Brisbane Economic Development Agency’s PropTech Initiative, the program aims to support the city’s property and construction industry through strategic partnering of emerging PropTech businesses with industry leaders.
Why PropTech investment is essential
More than $20 billion is invested into PropTech worldwide annually. 60% of those funds are captured in the Asia Pacific region, driving Lord Mayor Adrian Schrinner determination to back local entrepreneurs in propelling their innovations into the market.
In just a short time, PropTech has boosted Brisbane’s real estate market with tech start-up companies creating and providing innovative solutions for the property sector. PropTechs are expected to grow fast. The program is designed to help them confidently enter the market to grow the sector and create exciting new jobs.
“Brisbane’s innovative capabilities are second to none and I’m confident that our local entrepreneurs will gain the know how to transform their ideas into products and services that will benefit the property and construction sector not only here, but around the world.”
“Our local property and construction industry will also gain an advantage as the first testers and users of this custom designed and solution driven technologies.” said Adrian Schrinner
Through collaboration between local universities, businesses and international capital firms, the Brisbane EDA PropTech Pilot Program will host a cohort of 11 local start-ups taking up an eight week residency at the Brisbane Business Hub.
“At the residency these emerging start-ups will be able to work closely with industry experts on their pilot, ensuring it has the best chance of success of getting picked up and utilised by the property sector,” Schrinner said.
“Through tailored masterclasses, mentoring sessions and workshops, we are pulling out all stops to ensure these start-ups are real-world ready.” As one of the mentors at the residency, John Christian from Imani Technology said he was excited to see the emergence of PropTech in Brisbane and give his support to local start-ups.
“Brisbane is a vibrant hive of activity for not just PropTech, but startup technology across the board. What better way to keep your finger on the pulse of the fast-moving PropTech scene while at the same time doing your part to both give back and learn from this community at the same time,” Mr Christian said.
The PropTech Pilot Program runs from 1 March to 30 April 2021.
2021 Proptech Pilot Program Cohort
Renti
Renti is an intuitive rental software designed to streamline the end-to-end onboarding journey for both tenants and property managers from the point of application, to signing the lease and getting their utilities connected.
My House Geek
My House Geek is the Lonely Planet guide for Australian property. Given a street address, My House Geek provides tailored information on local amenities such as local schools and catchment areas, childcare centres, public transport, commute times, expected internet speeds and emergency services.
Properlytics
Properlytics is a calculations and projections tool for industry professionals and sophisticated investors. Complex property calculations are simplified via a simple user interface thus valuing your investments.
You can generate detailed reports using hundreds of calculations and assumptions, all aimed to improve the customer’s ability to make informed decisions.
Exergenics
Exergenics develops efficient control strategies for large commercial air conditioning and refrigeration systems, which can reduce energy consumption and costs by up to 20%. Machine learning enabled algorithms ingest building data and build a ‘digital twin’ or a mathematical representation of a physical system responsible for cooling.
An optimisation loop extracts optimal control settings to drive efficiency and ensure systems are operating efficiently, without impacting occupant comfort or food safety in refrigeration.
Inndox
Inndox assists property developers, construction companies, agents and all businesses that provide building information to property owners by digitising the handover process to improve productivity and meet customer expectations.
Property data is collated during the property’s life-cycle for digital delivery via an interactive app facilitating compliance, quicker sales, after-sales service, customer retention and extended brand reach beyond the first customer.
Patch
Patch lets buyers place offers on any home, not just the ones for sale. Now owners can collect offers and choose the best deals because everything is for sale for the right price.
Rhea Technologies
Facilitates crafting better targeted re marketing campaigns as well as providing users with valuable information faster. It uses AI assistant for data management and natural language processing for residential real estate agents.
NXT Form
NXT Form automate tenant application processing & verification giving property managers time to work on other things.
Properti
Properti is a digital marketing App for Real Estate. By turning your CRM into a Real Estate social media marketing machine on Autopilot saves hours of work.
SPACE Platform
SPACE is a combination of hardware and software features that radically change the user experience at any physical location while providing actionable insights to the location operators such as cities, shopping malls, buildings, offices and airports.
Third Place
Third Place is a ‘work from anywhere’ marketplace to find and reserve inspiring, productive and collaborate spaces to work remotely as a balance between working from home and the office. Our mission is to drive the millions of people working from home remotely back into hospitality venues and other public places.
To help the hospitality industry to thrive once again and to re-engage the community, while supporting the mental health and well being of the workforce.
