By AYISY YUSOF
KUALA LUMPUR: Asia Development and Property Technology (Adapt) Ventures Sdn Bhd launched its property technology (PropTech) programme, Adapt Accelerator to enhance the real estate technology investment in the Asia region.
Adapt chief executive officer Christopher Tock said the programme is aimed to aid the development of Asia's property and create disruptive impact in the real estate sector.
"We believe technology is the driving force by which mankind advances into the future. We take a major step in creating new and revolutionary technology for the development of our society," he said at a press conference after launching the Adapt Accelerator programme in Kuala Lumpur, today.
The programme was developed from a joint-venture companies between real estate investment and advisory firm, IQI Global and technology accelerator, WatchTower and Friends (WTF) together with Adapt Ventures.
"The advancement in technology has changed every aspect of this industry, be it development, buying or selling.
"We aim to be a platform that paves the path towards the application of PropTech in property development throughout Asia," he added.
Adapt Accelerator engages knowledgeable players in the PropTech industry to share their experiences, discuss new technologies and act as mentors to their fellow real estate entrepreneurs, which would push business towards modernisation.
The programme will also be mentored by IQI, WTF, iProperty Group and Exsim Group.
"We will teach and learn from each other about new technology and the best practices," he said.
IQI Group chief executive officer Kashif Ansari said the venture would arm entrepreneurs with the required knowledge and tools as the real estate industry is forever changing and evolving.
"The programme allows entrepreneurs to be involved in PropTech regionally with platform that link service providers to consumers groups within the property market," he said.
He said Adapt would bring improvements to the real estate industry via tech adoption and local-global partnership with industry leaders in the real estate vertical.
WTF chief executive officer Sam Shafie said the property industry is poised to take a giant leap forward, propelling into new and exciting future.
"This venture is not just about presenting new ideas to the property industry, but also to launch it forward and take the steps to embrace PropTech into a new era," he said.
He said the first batch comprising five companies would undertake the four-month programme to utilise the PropTech initiative.
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