After receiving over 300 projects from 29 countries, the 3rd edition of CBRE’s Proptech Challenge held its Final Pitch on 15th January at CBRE’s Madrid office, where finalists gathered to present their ideas to over 50 Managing Directors from the different countries in which CBRE is present.
A total of eight tech-based projects had the opportunity to give a brief pitch to the European Assessment Panel. It was then where we gained further insight into the cutting-edge projects that are applying the latest trends to the Real Estate sector. Artificial Intelligence, Machine Learning, Big Data, BIM and Computer Vision were just some of the technologies presented at the challenge.
After listening to each of the Pitches, the judges assessed the candidates based on criteria such as Innovation and their ability to solve real-life problems, their Impact on the business model, Viability and Synergies with CBRE that would allow the initiatives to be rolled out in a short space of time.
Lastly, we hosted a networking drinks reception for the finalists.
The winners of the challenge will not only receive cash prizes (€10,000 and €20,000), but they also have the opportunity to take part in a Roadshow to present their project to the CBRE offices in Madrid, Lisbon, Berlin, London, Milan and Dublin, and access to CBRE’s fast-track programme.
CBRE’s Proptech team would like to thank all the entrepreneurs and startups that took part in the Challenge’s 3rd edition for their interest and collaboration.
We hope to see you all again next year.
CBRE PropTech Team