Indian real estate data analytics firm Propstack is among the ten start-up property technology companies chosen for the Colliers PropTech Accelerator programme, which had received applications from companies in 50 countries.

“Each start-up in our Class of 2018 has been carefully selected for investment based on their approach to near-term, value-enhancing opportunities for our clients and professionals as well as longer-term opportunities that, with strong technology platforms, will help us push industry boundaries,” Jay Hennick, Colliers Chairman and CEO, said in a statement.

Propstack, developed in response to a need for greater market transparency, helps predict real estate market trends and enables efficient transactions. Other selected start-ups include Germany’s Basking, Hong Kong-based Booqed, Swedish Raybased and Canada’s Lane.

Start-ups receive upfront funding from Colliers for being included in the programme, which is a part of Colliers’ focus on targeted innovation that will enable it to create solutions, shape technologies and find opportunities to advance its business.

Techstars is designed to help entrepreneurs succeed by connecting them with other entrepreneurs, experts, mentors, alumni, investors, community leaders and corporations to grow their companies.

“It’s a very important Colliers initiative and we’ve invested millions and millions of dollars into it,” said Colliers Vice-President of Strategic Investments and Corporate Development, Zach Michaud, who noted his company has made a three-year commitment to the programme.

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