Dec 4 : Z Nation Lab in collaboration with 100 Open Startups recently organized ‘#InnovationAtCore Real Estate acceleration program’ that was designed to bring together real estate developers and tech startups focusing on real estate vertical to solve some of the complex issues faced by Indian real estate Industry through technology disruption and pricing disruptions.
The event was attended by top executives CFO’s, CXO, CMO’s and CEO’s of leading construction and real estate companies like Hiranandani Developers , Rustomjee, Adani Group , Runwal Group, Sunteck Realty, Ekta Developers, Cosmos and other prominent real estate companies and startups like Picostone, ActiveBuilding, Powereasy, Gnaruz, Runtime Solutions and Powereasy presented innovative solutions through product presentations and individual interactions.
Pushpamitra Das, Venture Partner and Mentor at Z Nation Lab is driving this initiative with the real estate companies.
He quoted “Real solutions for real problems can be achieved only through open innovation and collaboration”.
Open innovation embraces the concept of defining the problem statement by end users, empathize the framework of operations, ideation through entrepreneurship, prototype and test in collaboration to achieve the end goal.
Z Nation Lab curates, scouts and evaluates products and solutions addressing real problems in the industry across various segments across real estate development; be it residential, office, retail or hospitality. This event included startups from domains like security, automation, market places along with new Real Estate models and sustainability solutions, building information modelling, waste reduction, environment management, managing construction cycle by work flow automation and new technologies in construction development.
According to Anup Mehta, Founder at ZNationLab; ZNL #InnovationAtCore will be casting a wide net in search of startups to mentor and invest in. “We define real estate tech pretty openly and are open to companies across the spectrum. Anything from VR to hardware and commercial to residential and anything in between is fair game.”
The startups graduating from the #InnovationAtCore Real Estate acceleration program conducted by Z Nation Lab will cross level 4 of the 100 Open startups grand challenge and get an opportunity to attend the Open Innovation week to be held in Sao Paulo, Brazil in 2018.