The Real Estate Institute of Queensland (REIQ) and the REACH program have recently announced a groundbreaking partnership agreement, marking a significant milestone for the Australian real estate industry.
This collaboration solidifies the longstanding relationship between the REIQ and the REACH program, which aims to support the growth of proptech start-ups through an innovative accelerator program.
Powered by Second Century Ventures, the strategic venture arm of the National Association of REALTORS®, REACH Australia is the leading technology scale-up initiative in the Asia/Pacific region.
Antonia Mercorella, CEO of the REIQ, expressed the organization’s commitment to empowering real estate professionals with streamlined technology solutions to enhance their efficiency and effectiveness.
“This exciting partnership allows REIQ members to gain early access and insights into emerging proptech solutions from Australia and around the world,” Mercorella stated. “Likewise, the brightest proptech startups in the program will benefit greatly from practical insights provided by Australia’s leading real estate practitioners and industry experts. It’s a win-win situation for everyone involved.”
Mercorella emphasized the REIQ’s ambition to position Queensland as the epicenter of proptech innovation in Australia. She acknowledged the state’s existing promising emerging technologies and highlighted the organization’s collaboration with various levels of government to create favorable regulatory conditions for these companies.
Furthermore, Mercorella and Peter Brewer, REIQ Board Chair, are currently mentoring startups in the 2022 REACH Australia program. They recently shared their expertise at the annual REACH conference held on the Gold Coast.
Mercorella expressed the REIQ’s pride in being a supporting partner of the REACH program in Australasia, playing a crucial role in nurturing the next generation of proptech entrepreneurs.
“We are currently in discussions with proptech entrepreneurs about exciting concepts, and we eagerly anticipate witnessing these innovations revolutionize the industry,” Mercorella added. “Contributing to the development of these concepts based on the needs of REIQ members and Queensland real estate professionals is truly rewarding.”
Peter Schravemade, Managing Partner of REACH Australia, welcomed the partnership and acknowledged the significant benefits that the REIQ can bring to the 2022 and future cohorts of the REACH program.
“Formalizing this partnership is a natural progression of our organizations’ shared focus on fostering, investing in, and mentoring tech startups that prioritize the role of real estate agents in the real estate transaction,” Schravemade noted. “We are proud to partner with the REIQ, a respected organization known for its impactful engagement and influence. They possess an intimate understanding of the everyday challenges faced by real estate professionals, and together, we can help alleviate those pain points.”
The REIQ has a strong history of collaborating closely with Australian proptech companies to assist real estate professionals in meeting the increasing expectations of their clients.