Mumbai, December 7th, 2017 : 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. Mr. Das was the Group CFO of Bombay Dyeing and has held senior leadership positions with Rustomjee Developers and Wadhawan Group, Piramal and Essar group
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.
Z Nation Lab provides an ecosystem to tech entrepreneurs and startups to help them accelerate their growth. It is an early stage accelerator which empowers entrepreneurs with capital, technical expertise and network. With presence in Silicon Valley, USA, Z Nation Lab is well connected in the Silicon Valley ecosystem to take the Indian startups to USA and expand globally.
100 Open Startups
100 Open Startups is a network where large companies and startups interact in the pursuit of high impact innovations to society. The main expected outcome is to identify from a networked process each year the 100 most attractive startups within each market it operates, culminating in a face to face event hosted by a sponsor in an ‘Innovation capital’ within that market.
Presenting Startups at #InnovationAtCore Real Estate acceleration program:
GetParking is a smart mobility AI startup on a mission to solve the ever-growing global problem of vehicle parking in cities using Computer vision, Machine learning & IoT.
Picostone, a home automation and energy management startup has designed hardware and software that fits into the existing switchboards to automate systems, control clean air & manage energy needs of every household.
ActiveBuilding is working on the concept of smart building by enhances traditional building services such as design, operation and maintenance through the wealth of data and data-analytics.
Powereasy develop products that socially and economically motivate consumers to achieve energy efficiency and environmental friendly practices without a change in lifestyles.
Gnaruz had developed WaterSenz, an integrated water management Solution for small to large residential and commercial complexes. It combines contact-less sensors, wireless connectivity and cloud-hosted software, all tightly-integrated for simple deployment.
Runtime Solutions is working in the domain of Building Information Technology along with real estate players addressing gray areas in payments, slabs and documentation/information