25 Jul 2019

Dexus partners with Taronga on new real estate technology innovation program

25 July 2019

Dexus partners with Taronga on new real estate technology innovation program

Recognising that technology is a game-changer to the Property industry, Dexus has partnered with real estate innovation and venture capital firm, Taronga Ventures, on an innovation program set to propel emerging real estate technology businesses in Australia and Asia.

Dexus will be the founding real estate corporate partner for Taronga Ventures’ RealTechX Growth Program (“RealTechX”). The initiative is backed by the Australian Government and has attracted a diverse group of partners including Microsoft, Google and IBM, UNSW, and CSIRO.

Darren Steinberg, Dexus CEO and Executive Director, said: “RealTechX will help the property industry stay on the edge of opportunities that assist in keeping pace with rapid change and meeting customer demand for enhanced experiences.

“Our partnership with RealTechX will also enable Dexus to secure first-mover advantage on next generation solutions for our business and customers.”

Jonathan Hannam, Managing Partner, Taronga Ventures, said: “With RealTechX, we have created Asia’s first government supported, industry led scale-up program, designed to help Australia’s property sector prepare for the next phase of industry evolution.

“Our aim with RealTechX is to fast-track RealTech growth businesses domestically and help them to expand across Australia and Asia with strong local operating partners.”

Within its first year, the scale-up program will bring together up to 10 market-ready technology businesses, up to 20 established firms, and the market access and capital of Taronga Ventures.

About RealTechX

RealTechX has been designed to take global learning to deliver a scale-up program for the Property sector. The program selects participants for their ability to solve problems and capture opportunities for their corporate partners. This provides significant opportunities for both parties; participants get direct investment so they can capitalise on customer connections that arise through RealTechX, while corporate partners gain first access to emerging solutions that provide them with a competitive advantage.

 

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