Brigade REAP, an accelerator program with a focus on technology that Impacts the real estate industry, announced the graduation of its third cohort of five startups during the Brigade REAP Handover Day. Located in the premises of the iconic World Trade Centre – Bangalore, the Brigade REAP accelerator program is Asia’s first-ever startup accelerator, designed to help enterprise startups in the Real Estate sector.
REAP was Launched in October 2016 with an intention to mentor startups leveraging technology which can help in delivering greater efficiencies to the Real Estate sector. Over 100 plus start-ups were evaluated for Cohort three and after two rounds of intense jury selection, 5 start-ups were inducted into the program. The start-ups inducted in the program went through a rigorous four and a half month mentorship and acceleration program before being handed over to the real estate Industry for consumption of their products and services.
The five start-ups reaped immense benefits from mentoring, stakeholder development, tech evaluation, business modelling and investor & enterprise connects. The six pillars of engagement focused by REAP are product development, Technology road-map, people strategy, go-to-market strategy, marketing-branding-PR strategy and strategies to make startups investment ready.
At the Handover Day of the 3rd cohort, these five start-ups demonstrated their ventures to eminent developers from the Real Estate Industry, Investors, HNI’s, other startup founders and senior management of global corporates. The event marked the culmination of the third cohort’s technology and market acceleration journey. Even as alumni’s, the startups will have continued access to mentorship and go-to-market opportunities with Brigade REAP, as well as eco-system connects.
Nirupa Shankar, Director, Brigade REAP, said
The main focus of the accelerator program is to make startups ‘industry ready’. Many of them need to tweak their business model in order to work seamlessly with established real estate developers who have their own idiosyncratic way of working. We try to work with startups that can help developers either increase revenues or decrease cost and time taken to deliver on products or services. We look at startups in the Real Estate, Hospitality, Office and the Retail Sector. We hope to add value to the industry and ecosystem through our efforts. ” said Ms. Nirupa Shankar, Director, Brigade REAP speaking on the occasion.
Startups that graduated from the Brigade REAP program
ECOSTP – A ‘Zero Power’ sewage treatment technology. Compared to conventional STP’s that consume energy, ECOSTP produces energy. A 200 KLD ECOSTP based sewage treatment plant can generate 50KL/day Biogas, energy equivalent to 25 liters of Diesel.
Tharun Kumar, Co-Founder, EcoSTP, said
REAP helped us succeed and coached us on all aspects of our business. If you have an idea which can disrupt the realty market place, REAP is the place to knock.
QuickQuotes– An enterprise procurement platform for construction, infrastructure & interiors. With a month on month growth of 100% in GMV since inception, they have over 300 QuickQuotes trained vendors dealing with a client base of over 150.
Prem Shankar, Founder, QuickQuotes, said
I had a great experience with REAP and the learning will continue despite graduating from the program.
Synconext– An IoT based building workplace technology that does energy monitoring for commercial Real Estate. They have successfully saved 157K kw/h of energy within an area of 561K sq.ft.
Vishal Jain, Co-founder, Synconext, said
The REAP team is very experienced and provides all round mentorship which is critical for any startup to succeed. REAP’s connects in the ecosystem is brilliant and this has helped us in opening doors for acquiring various leads.
WeGoT Utility Services – An IoT based water usage Analytics Company which helps track user consumption of water. In more than 2000 homes they have saved over 30 Million liters of water within the first 2 years of existence.
Abilash Haridass, Co-founder, WeGoT, said
Being part of REAP has given us the opportunity to interact and connect with various stakeholders in the industry that are striving to bring about a real change in this space.
Woodzon – An Online B2B marketplace for woodworking industry. They have 20,000 plus products with categories ranging over 200 plus.
Binesh Viswanath, Co-founder, Woodzon, said
Being a startup it’s really hard for us to have an acceptance in the market but the brand name Brigade REAP gave us a huge push to the market. The program helped us in improving our conversion ratio which was one of our biggest ask.
Applications for the fourth cohort are now open. Selected startups will receive technology and business mentorship as well as access to markets and investors. To know more, please visit Brigade REAP
About Brigade REAP
Brigade REAP is focused on technology startups whose end product/service is applicable to Real Estate be it Residential Commercial or Hospitality projects. The sectors range from IoT, Nano Technology, Cleantech and Renewable energy, Logistics and Visual Computing. The program is mentored by John Kuruvilla, Chief Mentor for the program and Apul Nahata, Mentor-in-Residence and has a stellar line up of mentors and advisors.