29 August 2019
Sourcing new digital technologies
Our partnership with Plug and Play will connect us with tech start-ups to support our innovation strategy
Grosvenor Group Limited (‘Grosvenor Group’), the privately-owned international property group, has partnered with global innovation platform Plug and Play to help source digital technologies that will support its innovation strategy.
Plug and Play connects some of the world’s largest corporations with tech start-ups through industry-focused accelerator programs. As a partner, Grosvenor Group will help select start-ups in response to a specific business challenge and will have access to their technologies.
Ian Mair, Managing Director - Digital Innovation at Grosvenor Group, said:
“Digital developments have the potential to significantly impact the property sector and we are committed to investing in new technologies as part of our innovation strategy.
“We are looking forward to working with Plug and Play to help us source start-ups that can have a positive impact and help us further our purpose of improving properties and places to deliver lasting commercial and social benefit.”
Saeed Amidi, Founder and CEO at Plug and Play, said:
“We are extremely excited to have Grosvenor Group join the Plug and Play ecosystem. As a developer, manager, and investor of various property types all around the world, they bring a unique point-of-view to our program.
“Combining Grosvenor Group’s expertise in the real estate sector, our knowledge of innovation and technology, with great entrepreneurs from around the world – we will create great value for all stakeholders involved.”
Plug and Play launched its Real Estate & Construction vertical in 2018 and has run three batches to date. Through these batches the Real Estate & Construction program has accelerated more than 28 startups and has made around 10 investments in innovative technologies. In addition to Silicon Valley, Plug and Play has Real Estate & Construction/Smart Cities offices in Paris, Beijing, soon-to-be Bangkok, and Shenzhen.
For more information on how to get involved, visit: https://www.plugandplaytechcenter.com/real-estate-tech/
Notes to Editors
About Grosvenor Group:
Grosvenor Group is one of the world’s largest privately-owned property companies. We develop, manage and invest in property in more than 60 cities around the world.
Through the activities of Grosvenor Britain & Ireland, Grosvenor Americas, Grosvenor Asia Pacific and Grosvenor Europe we diversify the Group’s property portfolio by geography, sector, activity, currency and management teams. Our Indirect Investment business further diversifies the Group’s property interests by backing specialist third-party management teams. It invests Grosvenor’s capital in Africa, Australia, Europe and North and South America.
Approximately half of the Group’s property assets by value are held outside the UK.
The purpose of the Group is to improve properties and places to deliver lasting commercial and social benefit. This is achieved by adopting a farsighted perspective, by being locally engaged and sharing and benefitting from our international experience – we call this our Living Cities approach.
To read more about Living Cities please click here
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Linkedin: Grosvenor Group
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since our inception in 2006, our programs have expanded worldwide to include a presence in over 25 locations globally giving start-ups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 start-ups and 300 official corporate partners, we have created the ultimate start-up protected ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit www.plugandplaytechcenter.com.