With over 40 high ranking executives speakers and more than 400 high-profile participants, Future: PropTech Berlin was the perfect platform to announce this initiative.
The PropTech StartUp Europe Awards of the European Commission is the first European initiative to give visibility and support to the most promising startups in innovation in real estate.
In almost every European country, one or more PropTech networks are active that stimulate all the new startups and scaleups in the field of digital innovation and disruptive transformation in the real estate sector. However, In order for the European PropTech economy to get to the next level, steps need to be taken towards a uniform market, the scaling up of cross-border collaboration and the establishment of a regulatory framework to foster innovation on a European level.
How to participate
All European PropTech startups are invited to submit their case between September 17th and November 30th on the website of EU PropTech House A professional jury will rate the projects in every respective category. The jury is composed of industry experts from across Europe and of the board members of Proptech House. Judging procedures will run until Jan 15th 2019.The 50 shortlisted startups (10 per category) will be invited to a live-pitch session on February 20th and 21st 2019 in Brussels, in the presence of the board members, the Representative of the European Commissioner and all the jury members.
The ceremony for the Awards will be held in the second quarter 2019 in the presence of representative of the European Commission.
Dirk Paelinck (Workero):
The launch of the first PropTech Startup Europe Awards is clearly a sign of recognition by the European Commission of the importance and the huge potential of the innovative PropTech industry reshaping traditional real estate. Workero has obtained the Seal of Excellence of the European Commission and accepted recently in the comprehensive Horizon 2020 Program, SME Instrument for funding by the European Commission, we know how important it is to be recognised and to get support. That is why we launch the EU Proptech House initiative on September 19th 2018. Its first goals are promoting contacts with the EU Commission and the European Innovation Council, scale up cross-border collaboration and facilitate access to EU Funding.
The Proptech StartUp Europe Awards is a brand new category within the StartUp Europe Awards’ framework (which has in total 22 categories), promoted by the European Commission and implemented by Finnova Foundation, which presents a prize methodology for startups at local, regional and national level, fostering the open innovation and the collaboration between the different actors of the European ecosystems, through the private-public partnership supporting new entrepreneurs. At the same time it creates a network of contacts that will provide visibility to all the local startups who, by using this network, will be able to scale their services and products at a European and even global level. On its behalf, Finnova is a European foundation based in Belgium, Romania, Panama, Chile and Mexico devoted to the promotion of start-ups and innovative initiatives for the collaboration between public and private entities relying on the tools offered by the European Union. The PropTech StartUp Europe Awards 2018 will have 5 subcategories: Invest, Market, Design & Build, Manage & Operate, Live & Work. As there can only be one winner, all the subcategory winners will go head-to-head to determine the overall winner.
Professor Juanma Revuelta (Finnova Foundation): “Finnova, through the Startup Europe Accelerator, is willing to provide information and orientation to Startups providing disruptive innovations in the Proptech field as well as to the potential users of that innovation, such as big enterprises, Real State or the public sector seeking to innovate their management to reduce costs and improve their competitiveness”.
StartUp Europe Awards is part of StartUp Europe and is an initiative of the European Commission and the Finnova Foundation. StartUp Europe connects startup ecosystems throughout Europe to help companies by finding skilled employees wherever they are in the EU, accessing to the right combination of European Union finance and growing beyond the frontiers of their community or country.
What is proptech house ?
The organisation of the PropTech StartUp Europe Awards will be handled by Finnova Foundation, Workero and the brand new EU PropTech House. The mission of the EU PropTech House is to support a sustainable European PropTech market and to create a positive impact on the European living environment and beyond. The objectives will be to facilitate access to EU Funding, scale-up cross-border collaborations, to standardize and uniformize the European PropTech markets, and to create a legal framework adapted to the PropTech, and fostering innovations in Real Estate.
The EU PropTech House enjoys the support of partners such as Finnova (Professor Manuel Revuelta), Workero (Dirk Paelinck) and the national or area PropTech associations in Europe, together with an advisory board headed by Idriss Goossens, founding board member and composed of PropTech Poland, PropTech NL, PropTech South East Europe, Finnovating (Spain) and PropTech Lab (Belgium), while 7 other national PropTech associations are in the process of onboarding now.