Abu Dhabi – Mubasher: Aldar Properties has selected three PropTech startups from three different countries as part of the inaugural Aldar Scale Up accelerator programme, which aims to support international businesses with the latest cutting-edge real estate technology to enter the UAE.
The selected startups will be awarded pilot projects with Aldar and other leading industry players in the region, according to a press release on Wednesday.
These startups include German-based Envio, which offers innovative IoT products that allow buildings to operate a fully integrated ecosystem that connects, collects, and analyses data autonomously or manually from web-enabled devices.
Meanwhile, the programme has chosen Finland-based GBuilder, which developed a platform to enable digital communication between the customer, project team, and construction site, and the UK-based Metrikus, providing property software solutions.
The Scale Up accelerator programme was formed in partnership with startAD and powered by Tamkeen and anchored at NYU Abu Dhabi.
All selected startups have also been shortlisted to join Hub71, Abu Dhabi’s global tech ecosystem.
The Executive Director of Strategy and Transformation at Aldar Properties, Maan Al Awlaqi, said: "The global startup market has led the charge towards innovation and technological development in recent years and we are now seeing the ramp up of investment activity in the Middle East."
The Managing Director of startAD and Vice Provost for Entrepreneurship at NYUAD, Ramesh Jagannathan, commented: "With technological advancements and digitization, the quest for sustainability, and changes in consumer behaviour, it is clear that there is an undeniable need for the industry to evolve."
