REACH UK prepares the ground for the proptech solutions of the future

NAEA Propertymark is teaming up with award-winning international Proptech development programme REACH UK, to help a new UK cohort of developers provide future solutions to estate agents’ problems.

Practical expertise from NAEA Propertymark will help ensure that any future technological solutions are of true benefit to property professionals.

The REACH programme, created by Second Century Ventures, draws on sector expertise to inform the selection of proptech start-ups giving them access to mentoring, backing and support to launch their products.

Previous start-ups have created solutions for many aspects of the property industry, including:

  • marketing automation
  • agent safety
  • leasing
  • lending
  • transaction management and tokenisation

The programme has already been successful in the US and Australia, with 2020 programmes being launched in Canada, and the UK. Participating companies have created industry partnerships with DocuSign, Google, Facebook and others.

Proptech is an exciting and growing industry in the UK and the launch of REACH UK’s scale-up programme comes at a time when many start-ups will be concerned about their future as a result of COVID-19.

This programme will allow them to develop a piece of technology that will make a difference from the very beginning, with early engagement from the sector to make sure that the products work for property agents. We have seen that the programme has had great success in the US and look forward to working with the team to see proptech businesses flourish.

Mark Hayward Chief Executive | NAEA Propertymark
We are excited to work with Propertymark who share our mission of equipping real estate practitioners with the right tools. This is a clear testimonial of the partnership strength between the National Association of Realtors and Propertymark signed more than 25 years ago – at REACH UK we are pleased to become a part of this long-standing relationship.
Valentina Shegoyan Managing Partner | REACH UK

Applications for REACH UK will open on 31 July and close on 30 September with selected companies announced in November 2020. Propertymark will keep members updated on how the work of the 2020 UK cohort might help make members’ business more manageable, profitable and problem-free.