9/21/2018 Dreamit Ventures Blog (url)
The Real Estate Board of New York (REBNY) are hosting a PropTech Challenge and giving startups a chance to win $50,000. This new virtual real estate hackathon encourages the development of cutting-edge solutions to solve challenges faced by today’s leading real estate companies and removes the physical limitations of a traditional hackathon, while creating active mentorship for up-and-coming technology innovators.
Participants may now register to compete for a chance to win a total of $50,000 this fall. Software developers with an expressed interest in the real estate industry and/or blockchain technology, existing apps in the real estate and construction industries, and startups in the real estate technology space are encouraged to participate.
Eligible applicants may participate either as part of a team of up to five people, or as an individual. Teams will work across four challenge categories—Blockchain; Operations & Maintenance; Commercial Brokerage; or Architecture Engineering Construction (AEC) & Development—with an eight-week window to submit a video presentation and written presentation demonstrating their solution, concepts, and business plan by Tuesday, October 16th.
The judging panel—comprised of REBNY members, industry experts, and sponsors—will review all submissions to determine the finalists. Entries will be judged on their originality/creativity, strategic thinking, practical implementation, quality of submission materials, and potential value to industry professionals.
The top three finalists in each challenge category will be invited to present a five-minute live demonstration of their solution on Demo Day, followed by a Q&A session. Part of New York Real Estate Tech Week 2018, the PropTech Challenge Demo Day event will be held on Thursday, November 8th at Rudin Management Company’s 41 Madison Avenue in New York City.
“The PropTech Challenge leverages the wealth of worldwide technology talent. The series aims to drive innovation and collaboration to address the diverse needs of New York City’s real estate market,” said Bill Rudin, REBNY Chairman. “New York City has always been the place where innovators want to make their mark.”
“The PropTech Challenge will advance New York City’s position as a destination for real estate tech,” said John H. Banks, REBNY President...