August 2018 | Hong Kong - On August 17th & 18th, RealFoundations sponsored the first ever 'Asia PropTech Innovathon - Hong Kong Round', hosted by Asia PropTech. Similar to a hackathon, the event brought fifteen teams from local universities together to create innovated solutions and present their ideas to over 100 audience members with a chance to win monetary prizes and mentorships from sponsors.
Each team's business model pitch incorporated blockchain, AI, VR and other technologies that would solve common real estate challenges in Hong Kong like optimizing retail operations and enhancing the customer experience in the residential rental process.
ReVita was the winner of the RealFoundations PropTech Innovators Award, granted for their model which focused on housing affordability/availability by providing a collaborative platform for the development approval process for government, brokers, investors, contractors, lawyers, etc.
Two university teams were awarded with RealFoundations Mentorships, sponsored by the RealFoundations Hong Kong Office. Lead Managing Consultant Paul Chen, Head of RF Asia, will drive this engagement over the next six months in an effort to help refine the students’ business models for future implementation.
“RealFoundations’ deep understanding of operating models in the dynamic Asian business environment will be valuable for the student teams”, states Paul Chen. “The RealFoundations Hong Kong office also appreciates this exciting opportunity to give back to the community.”
RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. To learn more about how We Make Real Estate Run Better visit www.realfoundations.net.