The search is on for the next big PropTech innovation.
REACH UK, supported by agents’ body Propertymark, has opened applications for its 2027 programme.
It’s seeking businesses working with AI, automation, compliance, property management, energy efficiency, digital transactions and other areas of property technology, which could help everyday issues for agents.
In particular, innovations which reduce administration, improve compliance and property management, make better use of data or improve customer and tenant experiences are especially valuable.
Other areas include property finance, risk, building and asset management, construction and sustainability.
As usual the selected applicants will be given access to property professionals, industry leaders, investors and potential customers through REACH UK’s domestic and international network.
Jason Lee, Head of Commercial at Propertymark, says: “The people working in property every day understand the challenges and opportunities facing the sector, which is why it is important that innovative technology is developed with those real-world needs in mind.
“REACH UK provides an important link between the property industry and businesses developing new technology.”
Previous businesses supported by the programme have developed technology covering areas including energy efficiency, property data, digital transactions, property management, repairs and maintenance, compliance and customer experience.
Michael Hill, Program Director at REACH UK, says: “For 2027, we’re looking for ambitious companies solving meaningful challenges across real estate and adjacent industries.
“That doesn’t necessarily mean traditional PropTech. Some of the most exciting opportunities come from technologies developed for other sectors that can be applied to real estate to solve real problems, improve how businesses operate and create new value.
“If you’re building something with real potential, have an ambitious team and are ready to scale, we want to hear from you.”
Applications for the 2027 programme are now open through REACH UK.
