Colliers proptech companies deliver innovative, value-added commercial real estate solutions

Colliers Proptech Accelerator Powered by Techstars will take place in 2021

TORONTO, May 05, 2020 (GLOBE NEWSWIRE) -- Colliers International (NASDAQ and TSX: CIGI) is working with its Class of 2018 and 2019 proptech companies to deliver virtual tools that help our people and clients navigate the impacts of COVID-19. The enhanced solutions leverage technologies such as artificial intelligence, augmented and virtual reality, data analytics, machine learning and blockchain to solve big business challenges.

"As COVID-19 accelerates the commercial real estate industry’s transition to digital solutions, we are seeing the potential benefits of our partnerships move into sharper focus,” said Zach Michaud, VP of Strategic Investments at Colliers International. "The business tools they are providing such as lease abstraction, virtual office tours and workplace occupancy analytics give our experts and clients a competitive advantage in these challenging times.”

"Colliers continues to be a catalyst for change in the industry, working with the best early-stage proptech companies to find innovative ways of offering differentiated solutions amid a global pandemic,” said Ben Liao, Managing Director, Colliers Proptech Accelerator Powered by Techstars. "I am proud of the agility demonstrated by the founders in our portfolio. They are creative, resilient and have quickly adapted their services to tackle some of the biggest problems we face today."

Since the accelerator’s inception in 2018, Colliers has invested in the pilots and partnerships of 19 early-stage companies, and together with Techstars, provided them with the opportunity to learn from more than 150 industry mentors. The hugely successful program gave these companies access to over 1,000 Colliers professionals, clients and technology investors.

After careful consideration of our applicants’ health and safety, Colliers has made the decision to move this year’s accelerator to 2021.

"Our commitment to the Colliers Proptech Accelerator is unwavering. Ben Liao and Techstars will continue to build and enhance the program across multiple fronts through 2020 in partnership with Colliers, with the goal of making 2021 the best year yet,” continued Michaud. "There is more incredible innovation coming and I am excited to see it reflected in next year’s cohort.”

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About Techstars
Techstars is the global platform for investment and innovation. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships and Techstars Communities. Techstars accelerator portfolio includes more than 2,100 companies with a market cap of more than $26 billion. www.techstars.com

For further information please contact:

Andrea Cheung
Global Manager, Communications
Andrea.Cheung@colliers.com
(416) 324-6402

Ben Liao
Managing Director, Techstars
Ben.Liao@techstars.com