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

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

Categories :

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.”

Tags

From VR To The Metaverse: This is How New Tech Is Improving Our Healthcare

From VR To The Metaverse: This is How New Tech Is Improving Our Healthcare

Jan 27, 2023
Which Maryland City Has The Least and Most Expensive Car Insurance?

Which Maryland City Has The Least and Most Expensive Car Insurance?

Jan 26, 2023
Why Paris Is A Hub For Talents And Development In The Blockchain Industry

Why Paris Is A Hub For Talents And Development In The Blockchain Industry

Jan 26, 2023
An Effective Education In Medicine With AR, VR, And The Metaverse: Dinis Guarda Interviews Danny Goel, Founder Of PrecisionOS

An Effective Education In Medicine With AR, VR, And The Metaverse: Dinis Guarda Interviews Danny Goel, Founder Of PrecisionOS

Jan 25, 2023
Innovation Indices And Its Impact On Global Investment

Innovation Indices And Its Impact On Global Investment

Jan 24, 2023
Sustainability, SDGs and Tech Initiatives at the WEF in Davos

Sustainability, SDGs and Tech Initiatives at the WEF in Davos

Jan 20, 2023
The Journey Of Art From AR To VR… And The Metaverse: Dinis Guarda Interviews Amrita Sethi, Award-Winning NFT Artist

The Journey Of Art From AR To VR… And The Metaverse: Dinis Guarda Interviews Amrita Sethi, Award-Winning NFT Artist

Jan 19, 2023
Draper Venture Network Launches Syndication Vehicle for Web3

Draper Venture Network Launches Syndication Vehicle for Web3

Jan 18, 2023
How Behavioural Science Impacts Marketing: Dinis Guarda Interviews Phil Barden, MD Of Decode Marketing Ltd. And Author of Decoded: The Science of Why We Buy

How Behavioural Science Impacts Marketing: Dinis Guarda Interviews Phil Barden, MD Of Decode Marketing Ltd. And Author of Decoded: The Science of Why We Buy

Jan 17, 2023
NFTs For Royalties And Utilities: Hilton Supra Interviews Omid Malekan, Professor At Columbia Business School, In The Latest Episode Of Citiesabc YouTube Podcast

NFTs For Royalties And Utilities: Hilton Supra Interviews Omid Malekan, Professor At Columbia Business School, In The Latest Episode Of Citiesabc YouTube Podcast

Jan 13, 2023