RealTechX was launched in 2020 to support emerging technology businesses to achieve sustained growth and scale and maximise their impact on the real estate sector
Taronga Ventures, Asia’s leading real estate technology investor, has today announced 10 successful applicants to the second cycle of its RealTechX innovation program.
RealTechX was launched in 2020 to support emerging technology businesses to achieve sustained growth and scale and maximise their impact on the real estate sector and the broader built environment. Since inception, RealTechX has received over 300 applications from over 25 countries.
The first successful cycle of the program saw 12 global ‘RealTech’ businesses engage with leading real estate owners and developers across the Asian region including Dexus, Lendlease, PGIM Real Estate, ISPT and Australian Unity.
RealTechX has since added global consultancy CBRE, international data analytics firm Core Logic and one of the most technologically advanced real estate precincts globally – International Towers at Barangaroo – to its corporate partner network.
Hear from RealTechX’s corporate partners on their motivations for joining the network: RealTechX Corporate Partner Video.
The program is also supported by the Australian Federal Department of Industry, Science, Energy and Resources and the Australian Trade & Investment Commission, universities UNSW, UTS & Monash, KPMG and BWM Dentsu and the startup programs of Amazon, Microsoft, IBM and Google.
Emerging companies participating in the program benefit from executive-level access to RealTechX’s corporate partners and a structured program focused on sustainable growth and global expansion. Participants also have the potential to receive capital investment from Taronga Ventures’ fund.
Announcing RealTechX participants for 2021
Corporate partners participate in the selection process and for 2021 there has been a focus on energy sustainability, digital visualisation, industry data platforms as well as novel construction and asset management solutions. The 10 selected companies are:
| PARTICIPANT | WEBSITE | DESCRIPTION OF BUSINESS |
| Allume | www.allumeenergy.com.au | Enabling a single rooftop solar system to be shared between multiple apartments or commercial tenants |
| Darabase | www.darabase.com | Software allowing property owners to monitor, manage and serve augmented reality content on their buildings |
| Inspace | www.inspace-studio.com | Platform that enables people to virtually ‘walk-through’ properties, whether they are already built or not |
| Omnyfy | www.omnyfy.com | Software for retail asset owners to rapidly launch and manage multi-vendor eCommerce marketplaces |
| Portt | www.portt.com | Software transforming sourcing activities and supplier contracts into strategic business assets and outcomes |
| Propella.ai | www.propella.ai | Facilitating better location-based decisions using big data, statistical analysis and artificial intelligence |
| Qualis Flow | www.qualisflow.com | Digital capture of materials and waste data on construction sites for compliance and sustainability |
| SPACECUBE | www.spacecube.com | Design and development of modular infrastructure that is quick to deploy, relocatable and customisable |
| Trendspek | www.trendspek.com | 3D models and drone-captured data for asset and operations managers to ensure real-time asset insights |
| Valen Energy | www.valenenergy.com | Vertical solar energy generation poles used to power lighting, security, cell towers and remote IoT applications |
Julian Kezelman, Program Director, RealTechX, said his team was excited by the quality, depth and uniqueness of applicants to this year’s program. “RealTechX aims to promote forward-looking solutions to its partner group. It is clear that the RealTech sector is coming of age – moving beyond simple apps and platforms that optimise existing practices to genuinely transformational technologies.”
The RealTechX team believes that this maturation of the RealTech sector is being mirrored by an increasing appetite for change within the real estate industry.
Avi Naidu, Managing Partner, Taronga Ventures, said the program’s expanding corporate partner network demonstrates the increasing commitment to innovation from real estate majors. “The COVID-19 period has caused dramatic shifts in the real estate sector, driving owners and operators of assets to reimagine how buildings will be used in the future. Real estate executives are now convinced that innovation and technology has a central role to play in building robust and differentiated portfolios.”
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