Brisbane’s property industry and associated technology cluster will be 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 (Brisbane EDA) PropTech Initiative, the new program aims to support the city’s property and construction industry through strategically partnering emerging PropTech businesses with industry leaders.
With more than $20 billion invested into PropTech around the world each year and 60% of those funds captured in the Asia Pacific region, Lord Mayor Adrian Schrinner said he was determined to back our local entrepreneurs in propelling their innovations into the market.
“In just a short amount of time, PropTech has boosted Brisbane’s real estate market with tech start-up companies creating and providing innovative solutions for the property sector,” he said.
“With Australian PropTechs expected to grow faster and sooner, this program is designed to help them confidently enter the market where they can grow the sector and create exciting new employment opportunities.
“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 purpose-designed and solutions-driven technology.”
A collaboration between local universities, businesses and international capital firms, the Brisbane EDA PropTech Pilot Program will see a cohort of 11 local start-ups take 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,” Cr 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 will run from 1 March to 30 April 2021. To learn more about the PropTech Initiative, click here.
2021 PropTech Pilot Program cohort
| Business | About |
| 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 and more points of interest. |
| Properlytics | Properlytics is a calculations and projections tool for industry professionals and sophisticated investors. It helps you understand the true value of your investments. Complex property calculations are made easy via a simple user interface. 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%. We have developed machine learning enabled algorithms which ingest building data and build a ‘digital twin’ (mathematical representation of a physical system) of the system responsible for cooling. With an optimisation loop, we extract optimal control settings to drive efficiency and ensure systems are operating efficiently, without impacting occupant comfort in HVAC 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 deal – because everything’s for sale for the right price. |
| Rhea Technologies | AI assistant for residential real estate agents. Through data management and natural language processing, we are crafting better targeted remarketing campaigns as well as providing the users with valuable information faster. |
| NXT Form | NXT Form automate tenant application processing & verification. Because Property Managers have more important things to worry about. |
| Properti | Properti is a digital marketing App for Real Estate Real Estate Social Media on Autopilot Save hours of work by turning your CRM into a Real Estate social media marketing machine. |
| 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 for people to find and reserve inspiring, productive and collaborate spaces to work remotely as a balance between working from home (the ‘first place’) and the office (the ‘second place’). Our mission is to drive the millions of people working from home remotely back into hospitality venues, hotels 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 wellbeing of the workforce. |
To learn more about the Program or Brisbane’s PropTech Initiative, please contact Isaac Coonan at icoonan@brisbane-eda.com.au
