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.
Main requirement: Build functioning software that solves a problem for real estate owners, managers, and developers in one of the following categories:
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 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.
How to enter
1. Sign up. Register for the PropTech Challenge on Devpost.
3. Engage. (Optional) Join our challenge Slack channel to stay engaged and find a teammate.
4. Build. Code your solution, film your 2-5 minute demo video, and prepare your submission materials.
5. Submit. Enter your project at proptech.devpost.com BEFORE October 16th at 5pm ET.
John Gilbert III
COO Rudin Management - Overall Judge
NYSERDA - Operations & Maintenance Judge
Matthew J. Montanes
JP Morgan Chase - Operations & Maintenance Judge
Silverstein Properties - AEC Judge
Suffolk Construction - AEC Judge
Lendlease - AEC Judge
Oxford Properties - Category TBD Judge
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.)