Brigade Enterprises, one of the leading real estate developer in India, recently launched the country's first real estate focused accelerator program. The accelerator will mentor startups whose products or services can be used in the real estate industry across various domains be it Residential, Office, Retail or Hospitality.
The sectors in focus are Internet of Things (loT), Nano Technology, CleanTech& Renewables, Visual Computing such as Augmented Reality and Virtual Reality and Logistics. Solutions can be applicable in either B2B or B2C models.
The Brigade Real Estate Accelerator Program (REAP) has announced strategic associations with two of the largest technology firms in the world Microsoft & Intel. Brigade REAP will be a Microsoft Partner Accelerator. Microsoft Accelerator is a global initiative empowering entrepreneurs around the world on their journey to build great companies. This association will allow for the startups accepted into the accelerator program to benefit from Microsoft technology expertise, deep mentorship and access to global markets.
Microsoft will also extend credits in its BizSpark program and may provide Go-to-Market assistance to those startups whose solutions are built on Microsoft technologies.
Shares of the company gained Rs 3.3, or 2.18%, to settle at Rs 154.35. The total volume of shares traded was 5,871 at the BSE (Monday).