Artificial intelligence and augmented reality among candidate projects in CBRE's Proptech Challenge
The Proptech Challenge, a European competition from CBRE that seeks projects that can shape the future of the real estate sector, has driven talents from all over the world to submit their applications. With digital transformation increasingly assuming a prominent role in the real estate sector, CBRE is investing in the search for unique solutions that can bring added value to the market.
The
Proptech Challenge, a European competition from CBRE that seeks projects that can shape the future of the real estate sector, has driven talents from all over the world to submit their applications. With digital transformation increasingly assuming a prominent role in the real estate sector, CBRE is investing in the search for unique solutions that can bring added value to the market.
So far, the projects submitted for both the Disruptive Idea Award and the Startup Award have presented technological advances in the areas of artificial intelligence, virtual and augmented reality and the Internet of Things, among others. The projects will be evaluated by an international panel of juries, including four Portuguese, and will allow the winning candidates to develop their ideas together with CBRE, counting on the know-how and guidance of the team.
Pedro Rocha Vieira, CEO of Beta-i and international jury of the Proptech Challenge, believes that “initiatives such as the Proptech Challenge are increasingly relevant, at a time when the traditional economy is under pressure to find new business models, and to integrate emerging technologies , which are more and more mature. Sectors such as real estate can take great advantage of these advances, but for that it is necessary that the incumbent companies that dominate the current market, decide to invest in this new paradigm, and in their own future, so as not to be surprised by it. It is good to see that CBRE is also active in this field, which is why it is with great pleasure that Beta-i joins this initiative ”.
For
Ricardo Luz, Partner of Gestluz Consultores and international jury of the Proptech Challenge, “The technological innovation that has been causing significant changes, if not even disruptions, in business models and companies in all sectors of activity, is now a reality also in the real estate sector. The Proptech Challenge, CBRE's European competition, is one of the most important vehicles for promoting talented people and innovative companies with ideas and projects that aim to transform the real estate sector, improving its competitiveness and sustainability, and in the end, contributing to the improvement of territories and the lives of the people who inhabit, visit and work in them. ”
It is recalled that this is the second year that CBRE promotes the Proptech Challenge, having decided to extend the competition to Portugal, the United Kingdom and Germany. During the first edition held only in Spain, the competition received more than 80 innovation projects, 220 participants and one guaranteed a total of € 25,000 in monetary prizes.
Applications remain open until October 31. All information is available on the contest
website.
About CBRE Group
The CBRE Group, Inc. (NYSE: CBG), is a Fortune 500 and S&P 500 company, based in Los Angeles, a world leader in providing services to the real estate sector (data for 2017). With more than 80,000 employees worldwide (excluding affiliated companies) CBRE develops its activity for investors and occupiers through approximately 450 offices worldwide (excluding affiliated companies). CBRE offers a set of integrated services, which include strategic consultancy and mediation in property sales and leasing operations, promotion, real estate investment, property management, facilities management, project management, appraisal and research services. In Portugal the company has been present since 1988, providing a wide range of services throughout the national territory. For more information visit our website at
www.cbre.pt.
Contacts:
Teresa Posser de Andrade
Marketing & PR Associate Director CBRE
+ 351 21 311 44 00
teresa.andrade@cbre.com Carlota Burnay
Account Director - Corporate
Hill + Knowlton Strategies
+351 916 094 127
carlota.burnay@hkstrategies.com João Sismeiro
Account Executive - Corporate
Hill + Knowlton Strategies
+351 912 157 095
Joao.sismeiro@hkstrategies.com 
2018-10-11