Partnership with global technology investor and accelerator leader highlights commitment to real estate industry innovation
Toronto, Canada, January 17, 2018
- Colliers International Group Inc. (NASDAQ and TSX:CIGI), a global leader in commercial real estate services, today announced the launch of the Colliers Proptech Accelerator powered by Techstars.
Proptech Colliers“Disruptive changes in technology, evolving demographics, fierce global competition and increased connectivity are factors impacting all industries,” said Dylan Taylor, Colliers President & COO. “And the commercial real estate industry is no exception. Colliers sees this as an opportunity and is committed to being the most enterprising company in our industry by developing innovative and value enhancing services for our clients and professionals. Partnering with Techstars allows us to harness the best and brightest in operating technology accelerators and selectively evaluate and invest in new technologies. The new Colliers Proptech Accelerator powered by Techstars enhances our unique culture of innovation while developing differentiated solutions for our clients.”
“The Colliers Proptech Accelerator powered by Techstars will provide us with early insight into companies and technologies that have the potential to deliver value enhancing strategies to our clients and better arming our professionals to execute,” said Jay Hennick, Colliers Chairman & CEO. “Combining Techstars’ record of success with new technologies and Colliers’ leading market knowledge and global platform in real estate ensures we remain at the forefront of innovation. Colliers Proptech Accelerator will enable us to source, shape and invest in new solutions and opportunities across the real estate value chain, providing a competitive advantage for our clients, employees and shareholders.”
The Colliers Proptech Accelerator powered by Techstars is a first-of-its-kind program that identifies and mentors startups around the globe that are developing industry-disrupting technologies in the property and real estate industry. Startups selected will be hosted in Toronto, Canada, Colliers global headquarters, for an intensive 13-week program focused on the development and acceleration of technology driven solutions. Applications will be open for the first Colliers Proptech Accelerator class in February 2018. Startups may apply at Techstars.com/apply.
“Techstars is the worldwide platform that exists to help entrepreneurs succeed. Our cultural alignment with Colliers and ability to leverage its expertise and global platform create a one-of-a-kind partnership in the real estate services industry,” said David Brown, founder and co-CEO of Techstars. “The Proptech startups selected for this program will create deep connections with Colliers’ industry experts worldwide while allowing them to accelerate their growth and business success in the future."