JLL India, Invest India to run accelerator programme for tech startups in realty space
. This programme is real estate proptech accelerator that will promote startups working on cutting edge, disruptive technologies and solutions impacting developers, investors and occupier clients.
"JLL and Invest India, the National Investment Promotion and Facilitation agency, under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, jointly announced the launch of JLL IDEAs," the company said in a statement.
JLL IDEAs is a collaboration between JLL and the initiatives housed at Invest India, Accelerating Growth of New India's Innovations (AGNIi) and Startup India. This programme is real estate proptech accelerator that will promote startups working on cutting edge, disruptive technologies and solutions impacting developers, investors and occupier clients, it added.
AGNIi is the national technology commercialisation programme from the Office of the Principal Scientific Adviser to the central government, while Startup India is the government's flagship initiative to boost the startup ecosystem in the country.
"It is AGNIi's constant endeavour to support the ongoing efforts to boost the innovation ecosystem in the country. Through this collaboration with Startup India & JLL, we aim to connect innovators across industries and help commercialise their technology and solutions for the larger good of the real estate sector in India," Prof K VijayRaghavan, Principal Scientific Adviser to the Government of India said.
"India is now the second largest startup ecosystem in the world. With a clear focus to promote innovation in the country, it is the right time for industry to come forward and be a part of the New India story," Invest India MD and CEO Deepak Bagla said.
The proptech space offers limitless opportunities in India and is the single biggest lever to benefit millions of consumers, end users and occupiers alike, Ramesh Nair, CEO and Country Head, JLL India said.
Property consultant's revenue rose 17 per cent to Rs 4,000 crore in 2018-19.