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The Sunshine State capital is establishing itself as a place for proptech to thrive under a new government and industry partnership that seeks to encourage the growth of the sector.
At the introduction of Brisbane’s 2023 edition of Something Fest, a digital, innovation and technology festival held between 26 August and 1 September, Brisbane deputy mayor Krista Adams announced the alliance that will see the Brisbane City Council and the Brisbane Economic Development Agency bolster the growth programs offered by advocacy group, Proptech BNE.
Ms Adams, who also chairs the economic development arm of the Brisbane 2032 Olympics organising committee, highlighted the importance of proptech ahead of the festival’s cornerstone event, Proptech LIVE, which brought together subject matter experts and tech leaders to collaborate on discussions revolving around the challenges and opportunities currently facing the sector. More than 150 leading Australian and New Zealand property and technology experts descended on the capital for the proptech-focused event, showing how the city is starting to become a meeting place for this tech sector to work out ideas.
The collaboration between the council and Proptech BNE, Ms Adams noted, seeks to assist those industry leaders in breaking through the current barriers to innovation.
The partnership will enable Proptech BNE to launch three new programs in 2024 that are designed to support proptech companies in various stages of their life cycle, with the backing of the Brisbane City Council.
One such initiative, called Mission Accelerate, will send a group of local proptech companies to New York and Hong Kong to foster stronger international ties between Australian technologies and global markets.
Commenting on the exciting new support, Proptech BNE founder Isaac Coonan explained how the programs were engineered specifically to create connections between the needs of the property industry and the solutions that tech might be able to offer.
“These initiatives are designed to glean crucial insights and data from the industry, ensuring that the next generation of emerging proptech solutions are founded on industry data,” Mr Coonan said.
Meanwhile, in situating itself as a hospitable city for proptech innovators, Brisbane is hoping to see an increase in scale and innovation coming from the southeast Queensland-based proptech sector.
ABOUT THE AUTHOR
Juliet Helmke
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.
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