Adapt Accelerator to help Asian entrepreneurs
KUALA LUMPUR: Asia Development and Property Technology (Adapt) Ventures Sdn Bhd has launched a property technology (proptech) programme called “Adapt Accelerator” to enhance real-estate technology investment in Asia.
Adapt chief executive officer (CEO) Christopher Tock said the programme was to help the development of Asia’s property market and create a disruptive impact on the real estate sector.
“We believe technology is the driving force by which mankind advances into the future.
“We are taking a major step in creating new and revolutionary technology for the development of our society,” he said at a press conference after the launch of the Adapt Accelerator programme, here, yesterday.
The programme was developed jointly by real estate investment and advisory firm IQI Global, technology accelerator WatchTower and Friends (WTF) and Adapt.
“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.”
Adapt Accelerator engages knowledgeable players in the proptech industry to share their experiences, discuss new technologies and act as mentors to real estate entrepreneurs, which would push the business towards modernisation.
The programme will also be mentored by IQI, WTF, iProperty Group and Exsim Group.
IQI group CEO Kashif Ansari said the venture would arm entrepreneurs with the required knowledge as the real-estate industry was always evolving.
“The programme allows entrepreneurs to be involved in proptech regionally, with platforms that link service providers to consumers groups within the property market.”
He said Adapt would bring improvements to the real-estate industry via tech adoption and local or global partnerships with industry leaders.
WTF CEO Sam Shafie said the property industry was poised to take a giant leap forward.
“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.”
He said the first batch, comprising five companies, would undertake a four-month programme on the proptech initiative. Ayisy Yusof