IT News Online – ParticleX PropTech Global Challenge 2022 Open for applications


Media reach
2021-12-14

Connecting PropTech startups with companies, investors and incubators

HONG KONG SAR – Media reach – December 14, 2021 – Organized and hosted by ParticleX of Hong Kong, the second edition of the ParticleX PropTech Global Challenge (PPGC) is now open for entries. The deadline for the first batch of applications is 5e January 2022.

The PPGC is a tailor-made strategic matchmaking initiative for early to mid-stage startups. It aims to cultivate and facilitate innovative technological solutions to real-world challenges in the real estate and real estate sectors, which will ultimately help achieve ESG objectives.

The initiative uses a multidisciplinary matching approach that seamlessly bridges the gap between startups, companies, angel investors and incubators, as well as government resources.

The PPGC offers a one-of-a-kind networking model for startups: 1) a model that transcends the boundaries of physical locations and pandemic through the use of online meetings; and 2) Selected startups will be directly invited to participate in the online investment committee meeting. No travel, training and fees are required, reducing operating costs and improving communication efficiency.

The initiative would not be possible without the support of the following organizations: Chinachem Group, Hong Kong Science and Technology Parks Corporation (HKSTP), StartmeupHK, Hong Kong Business Angel Network, MIT Hong Kong Innovation Node, Smart City Consortium, Asia PropTech.

PPGC is an ongoing project accepting applications in three batches each year. Don’t miss the endless opportunities this initiative offers. If you are a PropTech startup or have a great solution for an ESG issue, apply now through the following link!

1st batch deadline: January 5, 2022, 6 p.m. (Hong Kong time)

Apply now: www.particlex.com/ppgc2022

??Benefits and Opportunities??

Direct investment and business twinning

By participating in the PPGC, startups could be entitled to direct investment and business matchmaking opportunities. Outstanding startups will be chosen by ParticleX, Chinachem Group, Hong Kong Business Angel Network, HKSTP and other co-investment partners based on their funding plan. Selected startups will also have the opportunity to connect with potential clients in Hong Kong and the Asia-Pacific region.

Support for incubation and integration

In collaboration with HKSTP and HKAI Lab, the PPGC also provides participating startups with incubation, integration assistance and acceleration program opportunities. StartmeupHK, a government division of InvestHK, will help foreign startups set up their businesses in Hong Kong. Asia PropTech offers integration support and consulting services, while Smart City Consortium provides an ingenious platform to connect with various PropTech industry players from China and Hong Kong.

Startups interested in participating in this edition’s PPGC are required to provide advanced solutions to issues surrounding the property lifecycle. These can range from solutions and promoting technical innovations that help improve efficiency, visibility, experience, flexibility and productivity, to those that tackle ESG and sustainability issues. With the aim of meeting peak carbon emissions in 2030 and carbon neutralization targets in 2060, this edition’s PPGC focuses on green energy and low carbon development; and with the efforts of PropTech startups, the idea is to create a world where man and nature live in harmony.

The first edition of the ParticleX PropTech Global Challenge was a great success. Of the 130 startups from 33 different countries, 70% of startups were founded in 2018 or before; 74% of startups were in the start-up or start-up phase; 50% of startups were looking for investment funding; and 40% were looking for business opportunities.

Almost 41% of startups have come up with technologies or solutions that can help reduce costs for businesses, and over 37% of solutions can help increase customer engagement, improve customer relationships, increase revenues and market share; and 22% of the solutions addressed environmental, social and governance (ESG) issues, which effectively combine their solutions and their impact on the environment and society.

Two of the standout startups, Alpha’a from US and viAct from Hong Kong, have received ParticleX investment support and are exploring further collaborations with companies and business partners.

Alpha’a

Alpha’a is a community-driven PropTech and art technology company providing an online commerce platform for bespoke art collections. Clients are drawn from, but not limited to, the real estate industry such as hotels, office buildings, coworking and co-living spaces. Alpha’a strives to meet the complex challenges that come with purchasing artwork for homeowners.

Alpha’a does not hold any inventory, which reduces overhead costs which are typically included in the charges billed to the customer. In addition, the participatory and pre-curated platform provides illustrations directly to clients.

viAct

viAct develops and applies its proprietary scenario-based AI-based vision technologies to improve workplace safety and increase productivity in the construction industry. The platform uses computer vision to detect potential risks to safety, construction progress, and the location of machinery and materials. ViAct’s cloud facilities could create in-depth detection reports from real-time data analysis based on videos and photos generated by cameras and mobile apps, thereby automating the on-site monitoring and management process. .

Suitable candidates:

Start-up

  • With a primary business focus on providing PropTech solutions
  • With a solid foundation for exponential growth, the development of new business opportunities or the search for the next round of funding
  • At the current stage of fundraising from Seed to Series A

1st batch deadline: January 5, 2022, 6 p.m. (Hong Kong time)

Apply now: www.particlex.com/ppgc2022

About ParticuleX

ParticleX, a technology-based early stage investor and innovation catalyst based in Hong Kong. ParticleX combines network, capital and research resources, accelerating the pace of innovative technologies and helping start-ups gain cross-border opportunities across Asia.

For more information, please visit our website. follow us on LinkedIn and Facebook.

#ParticuleX #Startups #AngelInvestor #VC #InvestmentFunding #PropTech #ESG

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