Entries have been received from 46 countries for the inaugural PropTech Innovation Award, which is hosted by Union Investment and German Tech Entrepreneurship Center GTEC. A total of 217 startup companies responded to the call for entries, submitting business ideas that cover the entire property market value chain and all relevant asset classes.
“As a jury member, I’m delighted to see the broad range of innovative approaches from which we’ll be selecting the winners,” said Jörn Stobbe, managing director at Union Investment Real Estate GmbH. The majority of entries were submitted by startups from Germany (54) and the US (35), followed by the UK (22) and India (11).
The final round of the 2017 PropTech Innovation Award will see between 10 and 15 shortlisted startups competing against each other. They will pitch their business ideas live on 17 May in Berlin to an expert jury and the audience. The Award carries prize money totalling EUR 35,000. In addition to two main prizes, a special prize will be awarded through audience voting.
The jury comprises Christian Schulz-Wulkow (managing director at Ernst & Young Real Estate), Dr. Dirk Hecker (managing director at Fraunhofer Allianz Big Data), Jörn Stobbe (COO and managing director at Union Investment Real Estate GmbH), Prof. Wolfgang Schäfers (professor of real estate management at IREBS), Ron Hillmann (managing director at BVP Berlin Venture Partners), Benjamin Rohé (managing director at GTEC) and Jan Thomas (CEO of NKF and editor of startup magazine Berlin Valley).
Source : Company