ParticleX PropTech Global Challenge 2022 Open for Applications

HONG KONG SAR – Media OutReach – 14 December 2021 –
Organised and hosted by Hong Kong’s ParticleX, the second edition of ParticleX
PropTech Global Challenge (PPGC) is now open for applications. The deadline of
the first batch of applications is the 5th January, 2022.

The PPGC is a
strategic matching initiative tailor-made for startups in early to mid-stages.
It aims at cultivating and facilitating innovative technology solutions to
real-world challenges in the property and real estate industries, which will
contribute to achieving ESG goals ultimately.

The initiative
uses a multidisciplinary matching approach that seamlessly bridges the gap
between startups, corporates, angel investors and incubators, as well as
government resources.

The PPGC offers a
one-of-a-kind networking model for startups: 1) one that transcends the
limitations of physical locations and the pandemic through the use of online
meetings; and 2) Selected startups will be directly invited to participate in
the online investment committee meeting. No commuting, training, and fees are
required – which helps to lower operational costs and enhance effectiveness in
communication.

The initiative
would not be possible without the support of the following organisations:
Chinachem Group, Hong Kong Science and Technology Parks Corporation (HKSTP),
StartmeupHK, the Hong Kong Business Angel Network, MIT Hong Kong Innovation
Node, Smart City Consortium, Asia PropTech.

PPGC is an
ongoing project that accepts applications in three batches every year. Do not
miss out on the limitless opportunities this initiative offers. If you are a
PropTech startup or have a great solution for an ESG issue, apply now through
the following link!

1st Batch Deadline: 5 January 2022, 6pm (Hong
Kong time)

Apply Now: www.particlex.com/ppgc2022

Benefits & Opportunities

Direct Investment & Business Matching

By participating
in the PPGC, startups could be entitled to direct investment and business
matching opportunities. Outstanding startups will be chosen by ParticleX,
Chinachem Group, the Hong Kong Business Angel Network, HKSTP and other
co-investment partners based on their financing plan. The chosen startups will
also have the opportunity to be matched with potential clients in Hong Kong and
the Asia-Pacific region.

Incubation & Onboarding Support

In collaboration
with HKSTP and HKAI Lab, the PPGC also offers participating startups
incubation, onboarding support, and acceleration programme opportunities.
StartmeupHK, a government division of InvestHK, will provide assistance to overseas
startups in setting up their business in Hong Kong. Asia PropTech offers
onboarding support and advisory services, while Smart City Consortium provides
a resourceful platform to connect with various PropTech industry stakeholders
from China and Hong Kong.

Startups
interested in participating in this edition’s PPGC are required to provide
advanced solutions to issues surrounding the property life cycle.  These could range from solutions to the
promotion of technical innovation that helps enhance efficiency, visibility,
experience, flexibility, and productivity, to ones that tackle ESG and
sustainability issues. With an aim to reach the goals of peak carbon emission
in 2030 and carbon neutralisation in 2060, the focus of this edition’s PPGC is
on green energy and low carbon development; and together with efforts from the
PropTech startups, the idea is to create a world where man and nature live in
harmony.

The first edition
of ParticleX PropTech Global Challenge was a resounding success. Out of the 130
startups from 33 different countries, 70% startups companies were founded in or
before 2018; 74% of startups were in seed or early stage; 50% of startups were
seeking investment funding; and 40% were looking for business opportunities.

Nearly 41% of startups
came up with technology or solutions that can help lower costs for corporates,
and more than 37% of the solutions can assist in increasing customer
engagement, improving customer relationships, raising revenue and market share;
and 22% of the solutions addressed environmental, social and governance (ESG)
issues, which effectively married their solutions and their impact on the
environment and the society.

Two of the outstanding startups, Alpha’a from
the United States and viAct from Hong Kong, have received ParticleX investment
support and are exploring more collaborations with corporates and business
partners.

Alpha’a

Alpha’a is a community-oriented PropTech and art
technology company that offers an online trading platform for tailor-made art
collections. The clients are from, but not limited to, the real estate industry
such as hotels, office buildings, co-working and co-living spaces. Alpha’a
strives to address the complex challenges that arise from the purchase of art
pieces for property owners.

Alpha’a holds no inventory, reducing overhead
costs that are usually included in charges to the client. Additionally, the
crowd-sourced and pre-curated platform provides artwork directly to the
customers.

 

viAct

viAct develops and applies its renowned
proprietary Scenario-Based AI vision technologies to improve workplace safety
and increase productivity in the construction industry. The platform uses
computer vision to detect potential safety hazards, construction progress and
the location of machinery and materials. viAct’s cloud facilities could create
in-depth detection reports from real-time data analysis based on videos and
photos generated by cameras and mobile applications, thereby automating the
process of on-site monitoring and management.

Suitable candidates:

Startups

  • With a primary business focus on providing
    PropTech solutions
  • With a solid foundation for exponential growth,
    developing new business opportunities, or seeking next round of funding
  • At the current fundraising stage from Seed to
    Series A

1st Batch Deadline: 5 January 2022, 6pm (Hong
Kong time)

Apply Now: www.particlex.com/ppgc2022

Comments are closed.