Property TechnologyPropTech start-up supports
The term PropTech refers to a property business, not a technology business. It involves the use of property industry-specific technology to offer consumers a better, faster, more personal and more interconnected service when they are engaging with the industry. The technology should set about solving existing problems in the market. This explains why development is primarily consumer rather than industry-driven. In practice, the industry is still working from the same understanding of the customer that we had more than a decade ago. Meaningful innovation must be based on what this current generation of renters and buyers actually want. And it is not just about current need, this new sector will need to pre-empt future needs. This is where technology savants need to reach out to seasoned property pros, or vice versa; there must be an understanding of the current system before it came be broken apart so that the vital elements are retained.
PropertyDistrict is the Irish hub for industry-specific technology designed for property industry, or #PropTech as it better known. Feeding from existing and well-established State and private incubator programmes across Ireland and beyond, 2017 will see the introduction of the first dedicated #PropTech accelerator programme. Contact us to register for upcoming events and to receive details on future programmes.