Sino Group and Ping An Smart City Announce Finalists of ‘PropXTech’ Corporate Innovation Programme – Valpas Among Selected Companies
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Presenting innovative technology products and solutions, ten start-up companies have been selected from nearly 300 submissions from 42 countries and cities to join ‘PropXTech’, a corporate innovation programme jointly launched by Sino Group (the ‘Group’) and Ping An Smart City (‘Ping An’). The organisers and participants share the belief in driving the development of the Property-Technology (PropTech) industry, innovate real estate in the region, and contribute to smart cities in all aspects from property development to management.
Mr Andrew Young, Associate Director (Innovation) of Sino Group and PropXTech Project Leader said:
"The programme opened for applications in October 2020, and we were very encouraged by the overwhelming response from hundreds of entrepreneurs and start-ups from around the world. Following a competitive interview and pitch process, ten start-ups demonstrating exceptional creativity and potential were selected to join the innovation programme. Selections were made based on the strengths of the companies’ clear business models; sales, engineering, scalability and operational capabilities; and their ability to address customer experience, efficient processing, and financial impact."
The finalists presented PropTech products and services spanning physical, experiential and digital offerings. Some of the PropTech innovations include*:
- Welbot
- Valpas
- Archilyse
- Vutility
The four-month programme kicked off in March 2021 and is now in the ‘Acceleration Phase’. Whilst receiving comprehensive mentorship from Sino Group, Ping An’s experts and world-renowned veterans, the finalists are also gaining access to the Group’s innovation ecosystem to develop pilot and proof-of-concept projects in Hong Kong and Greater Bay Area, meeting with the Group’s various business units and partners to explore potential business scenarios and achieve synergic collaborations, as well as testing and fine-tuning their solutions in a real-world environment.
Mr David Ng, Group Associate Director of Sino Group said:
"Sino Group is excited to foster and nurture these start-up companies through providing a platform that cultivates young innovative minds. We hope our PropXTech innovation programme will enable innovators to enhance the way our communities are built, and look forward to working with more industry peers and start-ups to make a positive impact in the development of smart cities."
Mr Wei Hu, Co-Chief Executive Officer of Ping An Smart City said:
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The ‘PropXTech’ corporate innovation programme is designed to foster and develop promising technology companies in the dynamic Greater Bay Area and to create innovative solutions for the region’s growing real estate industry. Later this year the finalists will have the opportunity to showcase their achievements and connect with investors and affiliate partners.
Please click here to refer to the appendix for the full list of 10 finalists.
ABOUT SINO GROUP
Sino Group is one of the leading property developers in Hong Kong. It comprises three listed companies – Sino Land Company Limited (HKSE: 083), Tsim Sha Tsui Properties Limited (HKSE: 0247) and Sino Hotels (Holdings) Limited (HKSE: 1221) as well as private companies held by the Ng Family.
The Group’s core business is developing residential, office, industrial and retail properties for sale and investment. In addition to an extensive portfolio in Hong Kong, the Group has footprints in mainland China, Singapore and Australia. The Group has developed more than 250 projects, spanning a total plot ratio area of over 84.6 million sq ft. Our core business is complemented by the gamut of property services encompassing management, security and environmental services to ensure a seamless Sino Experience. We are also a key player in hotel and club management.
The Group employs more than 10,000 committed staff members, who share the vision of creating better lifescapes. Lifescape is our vision – to build a better life together, where the community thrives in harmony by embracing green living and wellness, by engaging with all and pursuing meaningful designs, and by seeking innovation while respecting heritage and culture. Committed and together, we create a better community where people live, work and play. In the year 2021, the Group celebrates its 50th anniversary, commemorating our five decades of community-building and dedication to Creating Better Lifescapes.