Seven tech startups with the potential to change the way real estate does business will showcase their products during the annual MetaProp Demo Day Thursday.
They will be hoping to catch the eye of some of the industryʼs leading players as they showcase products ranging from investment platforms to software that predicts retail success.
Demo Day is the culmination of months of intense growth focus and a rare chance for members of the public to see and hear from the latest crop of high potential PropTech startups, according to Aaron Block, co-founder and managing director of MetaProp NYC.
The seven were selected from among hundreds of applicants around the world to participate in the MetaProp NYC Accelerator program, an intensive 22 weeks that aims to stimulate the startup’s growth and market penetration.
The participating startups get a bevy of business boosters such as a $50,000 investment that can lead to an additional $200,000, introductions to those in the investment industry and media, and the chance to learn from guest speakers from the tech-focused Silicon Valley Bank and adjunct real estate professors.
The startups also get access to MetaProp’s office space, network of industry mentors, and inclusion in the Demo Day, an event where the companies can reveal how their inventive ideas work in the real world to a crowd of investors and startup founders.
The will be hoping to follow in the footsteps of companies such as Bowery Valuation, a mobile inspection app and MetaProp alumni that recently partnered with Cushman & Wakefield, and hOM, a new-age amenity provider that spun its MetaProp experience into business with companies including Stonehenge, Rose Associates, Kushner Real Estate, Bozzuto, Building and Land Tech and Edison Properties.
hOM co-founder Ryan Freed served as a mentor for DoorPort, one of this year’s newest batch of MetaProp startups. It aims to change property access protocol with a mounted, fully-wireless device that monitors building entry points.
The other startups participating in this year’s Demo Day include:
Hoozip, a company aiming to expedite the process of finding and closing deals through software that mimics a social media platform by
connecting sellers and investors; Irene is a debt-free alternative targeted at seniors looking to liquidate their home value. Sellers get a lump sum payment up front and the ability to live or rent out their homes for the rest of their lives.
OnSiteIQ is offering software that allows 360-degree imagery for construction projects. And LocateAI harnesses data to help identify a store’s potential success rate in a certain area.
Travtus is an app that allows tenants to file service or work requests and improve resident to management relationships.
WeSmartPark, dubbed the Airbnb of parking, it allows users to park in designated WeSmartPark spot.
The seven companies will be presenting their technologies during MetaProp Demo Day on February 1, starting at 6 p.m. at Blackstone Innovations, 601 Lexington Avenue New York.
Tyler Henritze, senior managing director at Blackstone, one of the world’s leading investment firms, will offer a keynote speech to open the event.
Demo Day is free and open to the public. For more information, visit http://bit.ly/2nsC6io to register for the event.