Develop cutting edge solutions to solve real world challenges for NYC’s real estate market

 

PropTech Challenge aims to inspire innovative solutions solving real-world challenges faced by today’s leading real estate companies. Participants will compete for a grand total of $50,000 in cash prizes, along with an exposure package, across four challenge categories, culminating in a Demo Day event.

The live Demo Day event will be held in New York City on November 8, 2018 at 41 Madison Ave and is designed to showcase the top three finalists in each challenge category. Demo Day will connect developers with venture capital firms and key real estate decision makers – including C-Level executives – from the Real Estate Board of New York's (REBNY) Technology Committee. Each finalist team will have a table at Demo Day to raise awareness about their solution, followed by live presentations to a panel of industry expert judges, followed by a Q&A session.

A unique aspect of the Challenge is its relationship with REBNY, whose members own approximately 275 million square feet of commercial office space and more than 200,000 residential rental units in New York City.  Developers will have ongoing access to representatives from many of the largest real estate firms.  These industry experts will provide developers mentoring, insight, and guidance covering a broad spectrum of strategic and functional areas, including industry pain points.

View full rules

Requirements

Main requirement: Build functioning software that solves a problem for real estate owners, managers, and developers in one of the following categories:

 

Blockchain

Decentralized databases have the potential to disrupt the industry in areas like title insurance, mortgage recording, and other important protection of individual and corporate rights. Read more.

Operations & Maintenance

Whether under the banner of sustainability or innovation, this sector focuses on a combination of the deployment of new and retrofit technology, and the implementation of new operational behaviors. Property managers and facility operators use building metrics to improve performance while creating healthier spaces that are more comfortable for tenants. Read more.

Architecture, Engineering, Construction (AEC) & Development

AEC covers the design and build phases of developed land. Development covers the broader process of buying land, financing deals, building or renovating structures, leasing and managing properties, and often the sale of said properties. Read more.

Commercial Brokerage 

Commercial brokers are looking to the development community to address how technology can address and/or solve the pain points of problems encountered during the ongoing commercial transaction of real estate solutions and services. Read more.

Judges

John Gilbert III

John Gilbert III
COO Rudin Management - Overall Judge

Sandy Jacolow

Sandy Jacolow
CIO Meridian Capital - Overall Judge

Raj Bhatti

Raj Bhatti
CTO Newmark Knight Frank - Overall Judge

Patrick O'Shei

Patrick O'Shei
NYSERDA - Operations & Maintenance Judge

Matthew J. Montanes

Matthew J. Montanes
JP Morgan Chase - Operations & Maintenance Judge

Carlos Valverde

Carlos Valverde
Silverstein Properties - AEC Judge

Chris Mayer

Chris Mayer
Suffolk Construction - AEC Judge

Alexis McGuffin

Alexis McGuffin
Lendlease - AEC Judge

Claire McIntyre

Claire McIntyre
Oxford Properties - Category TBD Judge

Judging Criteria

  • Quality of the Idea
    (Includes creativity and originality of the idea.)
  • Practical Implementation of the Idea
    (Includes how well the idea was executed by the developer.)
  • Quality of the Submission Materials
    (includes the description, video demo, and any other materials submitted to Devpost.)
  • Potential Value to Industry Professionals
    (Includes the extent to which the solution can help real estate professionals.)