Proptech… It’s a word that just 2 years ago, no one knew. Now it’s one of the hottest buzzwords in the tech world, which is why GTEC and Union Investment decided to seize the opportunity and become leaders in the Property Tech innovation movement by initiating the PropTech Innovation Awards.
Every year, the PropTech Innovation Awards attract the hottest talents in proptech, with hundreds of proptech startups applying from every corner of the world. The months of applications culminate in 12 startups being chosen to pitch at the PropTech Innovation Award Ceremony, a high-profile event taking place in the European epicenter of entrepreneurship: Berlin.
This year, the Ceremony took place at Säälchen, an industrial-cool venue directly next to the Spree, part of the Holzmarkt real estate project, which offered a perfect stage for the proptech finalists to wow the audience with their revolutionary companies. Take a look for yourself:
That’s Claire Penny, the Global Industry Leader for IBM Watson Internet of Things for Buildings. She kicked off the Ceremony with her keynote on putting AI into buildings. The key to unlock the potential of a new kind of buildings? Data. It’s no longer about “location, location, location”, but the new value that information provides.
This was followed by a panel discussion with a few of the jury members (see full list below) on the topic of risky new digital business models and how to create value out of them. What may have come as a surprise to some audience members was the huge potential for collaboration, innovation and progress that a behemoth company such as Union Investment can offer to startups. Union Investment is not only ready to support and grow the smaller companies but is extremely willing to listen and learn from the emerging digital businesses. Take note, startups!
Next up was the fun part: the pitches! All 11 startups were separated into categories:
Property Management Services
A digital property asset management tool for the largest asset class in the world.
Automating construction execution using AI.
Smart Building and Sensor Technology
Provides complex “3in1” solutions for smart buildings, including occupancy & environment analytics, smart parking, and a solution for indoor navigation.
IoT company Sensorberg digitizes complex buildings and physical processes within offices and coworking spaces.
A SaaS for smart workplace management solution focused on people.
- Office App
The world’s most advanced engagement app for professionals in office buildings.
Energy and Construction
The leading specialist for Building Information Modelling (BIM), a process for creating & managing information on a construction project across the project life cycle.
The first and only fully transparent electricity and data generating windows that increase the energy efficiency and user experience of buildings.
- Hawa Dawa
The mission is to enhance our everyday decision-making with the use of environmental data.
Aggregates a wide variety of data and runs big data analytics, heavily leveraging machine learning / AI methodology to build a suite of digital valuation, prediction and data tools for B2B2C and B2B participants of global real estate markets.
HiP delivers solutions that allow investors and property owners to leverage the liquidity currently locked-up in real estate.
After a round of pitches, 1 startup per category was chosen to go onto the second round, where they were grilled by the jury team (see below). After all the questions were asked, the jury members went to a private room to deliberate on the top 3 startups:
After much deliberation, the jury finally landed on the best PropTech startups in the world!
1st Place: PHYSEE
2nd Place: Spaceti
3rd Place: HiP
The 3 standing winners all received a hefty sum of prize money, with PHYSEE also winning a place in the preliminary round of the MIPIM Startup Competition at the MIPIM Real Estate Exhibition in Cannes 2019.
Last but not least, we want to thank our Jury Members: Jens Wilhelm, Claire Penny, Stephan Bone-Winkel, Jörn Stobbe Frics, Benjamin Rohé, Prof. D. Wolfgang Schäfers, Christian Schulz-Wulkow, Maurice Grassau, Nikolas Samios, Judi Seebus, Maarten Vermeulen.
Thank you to everyone who came to the PropTech Innovation Award Ceremony – see you in 2019!