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Huge digitisation potential in the real estate industry: countdown to the PropTech Innovation Award - Applications from startups can be submitted up to 15 March / Final on 16 May in Berlin

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2018-03-08 / 17:15 
 
*Huge digitisation potential in the real estate industry: countdown to the 
PropTech Innovation Award * 
 
*Applications from startups can be submitted up to 15 March / Final on 16 
May in Berlin * 
 
On 16 May, Union Investment and the German Tech Entrepreneurship Center 
(GTEC) will host the final of the PropTech Innovation Award 2018 in Berlin. 
Company founders and young entrepreneurs have until 15 March to enter this 
year's round of the global technology competition by submitting their 
digital business ideas for the real estate sector. The PropTech Innovation 
Award 2018 carries total prize money of EUR 40,000. The nine best proptechs 
from around the world will be invited to pitch their ideas at the final in 
Berlin, Germany's startup capital. The winners will be selected live at the 
event by a panel of nine expert judges. Each of the nominees will be 
supported by one of the judges, who will help them to prepare their pitch. 
Around 300 guests from the startup scene and the real estate sector are 
expected to attend the showdown and networking event, which will be held at 
one of Berlin's hottest event locations - Säälchen on Holzmarkt square. This 
year, the PropTech Innovation Award is being supported by real estate 
industry association RICS and by Reed MIDEM, organiser of the MIPIM property 
trade show. 
 
"The scale and impact of blockchain, digital data rooms and artificial 
intelligence on the real estate industry were only just starting to make 
themselves felt a year ago at the first PropTech Innovation Award. Few 
people thought that the new ideas emerging from the digital startup scene 
would be embraced so quickly, and that a year later they would already be 
disrupting the processes and business models of established real estate 
companies," said Jörn Stobbe, managing director at Union Investment Real 
Estate GmbH and a member of the jury. "It will be exciting to see what 
topics are put on the real estate industry's agenda by the participants in 
this year's competition. The potential for digitisation is huge." 
 
"The changes we are currently experiencing transcend regional borders. Like 
the new generation of company founders, the real estate industry also needs 
to start thinking internationally when it comes to innovation," said Maarten 
Vermeulen, regional managing director for Europe, Russia & CIS at RICS. "The 
PropTech Innovation Award sets the right benchmark, particularly for RICS 
and our members." 
 
In line with the high professional standard of the competition, the jury for 
the PropTech Innovation Award 2018 comprises experts from a range of 
disciplines and with a strong international background. Deciding on the best 
digital solutions for the real estate industry this year will be Maarten 
Vermeulen of RICS, Claire Penny of IBM Watson IoT, Maurice Grassau of 
Architrave, Christian Schulz-Wulkow of EY, Nikolas Samios of PropTech 1 
Ventures, Judi Seebus of PropertyEU, Prof. Wolfgang Schäfers of IREBS, Jörn 
Stobbe of Union Investment and Benjamin Rohé of GTEC. 
"In establishing the PropTech Innovation Award together with Union 
Investment, we have essentially created the industry standard for innovation 
support," said Benjamin Rohé, managing director at GTEC. "We are honoured to 
be supported by RICS, the internationally renowned trade body for the real 
estate industry, and we and our partners are looking forward to the award 
ceremony in May." 
 
*For more information and to apply go to *http://gtec.berlin/proptech2018/ 
[1] 
 
*Press contact* 
*Union Investment Real Estate GmbH* 
Fabian Hellbusch 
Head of Real Estate Marketing, Communication 
Valentinskamp 70 / EMPORIO 
20355 Hamburg, Germany 
Tel: + 49 40 3491 94160, fax: + 49 40 3491 95160 
E-mail: fabian.hellbusch@union-investment.de 
Internet: www.union-investment.com/realestate [2] 
 
End of Media Release 
Additional features: 
 
Picture: http://newsfeed2.eqs.com/unionreal/661959.html [3] 
Subtitle: PropTech Innovation Award 2018 
 
Issuer: Union Investment Real Estate GmbH 
Key word(s): Real estate 
 
2018-03-08 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
661959 2018-03-08 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7919248760a42d68588bfc67e3b11790&application_id=661959&site_id=vwd&application_name=news 
2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=81215027d11961e29515d7195dd49ab0&application_id=661959&site_id=vwd&application_name=news 
3: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=502dd33f00f049a81083dcf8794fa2a5&application_id=661959&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

March 08, 2018 11:15 ET (16:15 GMT)

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