Propertymark formed a landmark co-investment partnership with TDS to boost funding for REACH UK, a technology scale-up program which helps innovative new technology companies grow in the property sector through education, mentorship, and market exposure.
Propertymark has collaborated with REACH since its UK launch in 2020, and the programme has now run three successful cycles and has a portfolio of 25 proptech startups under its belt.
This partnership provides increased investment and the unique opportunity to collaborate with property industry giants. The programme runs for up to nine months and includes a combination of education, major industry events, hand curated cohort exclusive events, mentorship, industry showcases and other growth opportunities.
With his significant industry experience, including with technology based businesses – Rightmove, teclet, Coadjute and Thirdfort – and impressive client list – Michael was delighted to accept an invitation to join the Agent Advisory Panel.
The core aims of Propertymark : REACH are.
A world of opportunities for the property sector
The new partnership is ambitious in its objectives and the impact it aims to make on the industry:
Foster Innovation
To catalyse innovation in property technology by fostering a supportive ecosystem for groundbreaking ideas and solutions.
Support new technology companies
To provide comprehensive support to startups, including financial investment, mentorship, and industry connections, facilitating their growth and scaling efforts.
Drive Technology Adoption
To accelerate the adoption of technology solutions in the property sector, demonstrating the value of innovation to professionals, landlords, estate agents, and the wider industry.
Increase Investment Opportunities
To broaden investment opportunities for property tech startups, enhancing their access to capital and resources for development.
Industry Collaboration
To foster dialogue and collaboration within the property sector, ensuring the collective advancement and adoption of best practices.
Long-term industry transformation
To drive a long-term transformation towards more efficient, transparent, and sustainable property practices through technology-driven solutions.
