PropTech: Real Estate Technology Programme REACH Launched To Help Scale Up Start-Ups And Entrepreneurs

By citiesabc resources - Jul 10, 2020

Newly established UK arm of the REACH real estate technology scale up programme to open application process on 31 July and boost the growing PropTech space.

NAEA Propertymark has partnered with REACH UK, an award-winning scale up programme, to help its members navigate through the PropTech space and the world of technology by selecting the best start-ups and launching them into the marketplace.

REACH is a unique real estate technology programme created by Second Century Ventures, an active venture fund in the global real estate technology space. It is backed by NAEA Propertymark’s bilateral partner in the United States, the National Association of Realtors®. With a presence in the US, Australia, Canada, and the UK, the REACH UK participants will have access to:

  • Mentoring from more than 350 real estate and technology thought leaders and executives from major real estate brokerages and brands, technology companies and venture capitalists.
  • Education on how to navigate the trillion-dollar global property industry with the backing of the world’s largest trade association and its $5 billion brand.
  • Exclusive access to more than a dozen of the property industry’s top conferences, tradeshows and networking events.
  • A global network of highly talented, like-minded entrepreneurs, including more than 100 REACH alumni companies and curated programme sponsors.

REACH has attracted technology start-ups developing solutions for multiple aspects of the real estate industry, including marketing automation, pay at close renovation, agent safety, leasing, lending, transaction management and tokenization, among others. Participating companies show impressive results both during and after programme completion. Specifically, REACH companies have in total raised more than $350 million of follow-on financing and have secured key partnerships with DocuSign, Google, Facebook, Coldwell Banker, RE/MAX and Berkshire Hathaway HomeServices. Graduating REACH companies have also seen revenue, customer and/or user growth rates increase between 50 and 2,000%.

The REACH UK application process will open on 31 July and close on 30th September with selected companies announced in November 2020. The 8 to 9 month virtual and event-based programme will kick off in February 2021.

Mark Hayward, Chief Executive of NAEA Propertymark said: “Proptech is an exciting and growing industry in the UK and the launch of REACH UK’s scale up programme comes at a time when many start-ups will be concerned about their future as a result of COVID-19. This programme will allow them to develop a piece of technology that will make a difference from the very beginning, with early engagement from the sector to make sure that the products work for property agents. We have seen that the programme has had great success in the US and look forward to working with the team to see proptech businesses flourish.”

Valentina Shegoyan, Managing Partner of REACH UK said: “We are excited to work with Propertymark to share the mission of equipping estate agents with the right tools and transforming the industry to reinforce that estate agents remain essential to consumers. We also provide the industry with unique access to programme participants where they can provide direct feedback to help shape and drive the technology. Estate agents will be able to access exclusive insight via our Insight Panel.”

Jose Graca – Serial Entrepreneur, Business Angel, And Founder & CEO Bizmoni

Dec 04, 2020

The Future of Society: 4IR vs Society 5.0

Dec 03, 2020

SMEs Sustainability: Food And Drink Businesses Target 2021 Growth By Becoming More Sustainable

Dec 02, 2020

Maomao Hu – Blockchain, Fintech, AI Entrepreneur And Thought Leader

Dec 01, 2020

Karl Smith – Polymath, Authority In UX/UI, AI, IoT & Founder Human-Centered Design Society

Dec 01, 2020

Pandemic Highlights Need For Pivot To Digital

Nov 30, 2020

Government Presence: Digital Transformation openbusinesscouncil Summit Confirms The Presence Of Ministers of Japan, India, Malaysia, Bangladesh, Vietnam

Nov 27, 2020

4IR And Blockchain Solutions To Be Highlighted On openbusinesscouncil Summit Masterclass Day

Nov 25, 2020

W20 Welcomes G20 Leaders’ Recognition of Women as Key Drivers of Economic Growth and the Call for Action to Empower Women and Girls

Nov 24, 2020

Anuj Khanna CEO and Founder kashkind.com – The Future Of Finance – Fintech

Nov 23, 2020