The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 15 DAYS UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 15 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
13
print
Print
OtherTed TabetThu 25 Jul 19

Dexus Partners with Taronga Ventures’ RealTechX

9dbf4037-8e86-466e-80e7-64a8d806d684

Listed property giant Dexus has partnered with Sydney-based venture capital firm Taronga Ventures to launch an incubator program for emerging proptech businesses to scale across Australia and Asia.

Dexus now becomes be the founding real estate corporate partner for Taronga Ventures’ growth program and joins other investors including Microsoft, Google and IBM, UNSW and CSIRO. The initiative is also backed by the Australian Government.

The program, RealTechX, is aimed at emerging technology businesses in the real estate and wider built environment sector to achieve “rapid and sustained growth.”

The program selects participants that can solve problems and also capture opportunities for their corporate groups. Selected Proptech start ups can land direct investment in order to capitalise on customer relationships available through the RealTechX network.

Taronga usually invests between $100,000 and $3 million in each early-stage company.

Related: Property Players Using Big Data Are Playing ‘Moneyball’

▲ Taronga Ventures founders Avi Naidu and Jonathan Hannam. The proptech venture capital investor already invests in businesses such as virtual reality group Inspace XR and has also taken an interest in collaborative workspace business WorkClub.


“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,” Dexus executive director Darren Steinberg said.

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

Taronga Ventures, is founded by Jonathan Hannam, a former Mirvac head of capital and ex-Aura Funds Management founder Avi Naidu in 2016.

The company has already garnered big-profile admirers with superannuation fund investor ISPT, already invested.

“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,” Hannam said.

“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.”

Over the next 12 months, 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.

Investment capital into proptech companies growing and is expected to reach $20 billion by 2020 as new players and traditional real estate corporates continue to pour money into technology and property.

OtherAustraliaTechnologyOther
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
View All >
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
The NSW Government-owned corporation s preparing its first build-to-rent development in a metropolitan area with 220 apa…
LATEST
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
3 Min
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
3 Min
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/dexus-partners-with-taronga-ventures-realtechx