WHY DO WE HOLD A PROPTECH STARTUP EUROPE AWARDS?
Proptech is the acronym used to describe any technology for the real estate space related, for instance, to IoT, Big Data, Smart Energy, 3D printing and so on.
Recent studies estimate that digitisation of products and services can add more than EUR 110 billion of annual revenue to the European economy in the next five years.
The European Commission launched on 19 April 2016 the first industry-related initiative of the Digital Single Market package. Building on and complementing the various national initiatives for digitising industry, such as Industrie 4.0, Smart Industry and l’industrie du futur, the Commission will take actions along 5 main pillars. These include use of policy instruments, financial support, coordination and legislative powers to trigger further public and private investments in all industrial sectors and create the framework conditions for the digital industrial revolution.
The mid-term review of the Digital Single Market strategy will focus on digitising the European industry oriented actions, aiming to manage digital transformation of our society and economy.
EU financing current plans should mobilise up to EUR 50 billion of public and private investments in support of the digitisation of industry.
- EUR 37 billion investment to boost digital innovation.
- EUR 5.5 billion national and regional investments in digital innovation hubs.
- EUR 6.3 billion for the first production lines of next-generation electronic components.
- EUR 6.7 billion for the European Cloud Initiative.
Proptech Startup Europe Awards envisages to scale up cross-border collaborations, to standardise the European PropTech markets, to create a legal framework adapted to PropTech, to foster innovation in Real Estate and to facilitate access to funding
To reward startups helping to support a sustainable European PropTech market and to create a positive impact on the European living environment and beyond.
The PropTech StartUp Europe Awards 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.
The most important eligibility criteria are the following:
- Business Model
- Customer Value Proposition
- Scalability and Market Reach
- Social Clauses: job generated, gender policy, social inclusion, collaboration with NGOs, trainees program.
- European Dimension: participation in European funded projects, partnership or agreements with other European partners.