INTERNATIONAL PROPERTY TECHNOLOGY INNOVATION LEADERS

Property Technology

Property Technology is the sum of many techniques, skills, methods, and processes used in the accomplishment of objectives, such as planning, development, and management of the lifecycle of buildings or in the production of goods and services.

Property technology is the development and implementation of innovative and sustainable solutions, which solve existing and future problems, offer better living and working processes, and also invent disruptive business models to open a new market or replace existing services and products. It can be the knowledge of techniques, processes, and the like, or it can be embedded in machines to allow for operation without detailed knowledge of their workings.

PropTech as the main sector supports and manages the sub-sectors (real estate, construction and, real estate fintech) to change workflow management, lifestyles, and trading types of companies and people. PropTech is designed to streamline and connect processes for participants in all stages of the real estate, construction, and finance markets, including buyers, sellers, brokers, lenders, landlords, investors, credit institutes, developers, planners, etc.

Innovation Leaders

Innovation translates ideas or inventions into services or goods, creating value or meeting market demands in the process. In doing so, it yields financial benefits. The innovation aims to take advantage of potential solutions and associated case-based facilitation to add value for business and social benefits.

An innovator is a person who develops new methods, ideas, or products. An innovator is someone who can turn new knowledge and skills into a successful product or service. It could be in small or large firms, but (in general) it relates to introducing some form of significant positive change. They identify opportunities for improvement and act on them. They are highly productive individuals who are passionate, are willing to take risks, and want to push the envelope. They realize that taking risks is part of making great discoveries and advancing society. Great innovators encourage others to do the same. They set challenges that are difficult to meet. Innovators realize that innovation is the only way to remain truly competitive in the marketplace, and they share that feeling with others. They bring others along for the ride.

Innovation Leadership is a process for creating direction, alignment, and commitment needed to create and implement something new that adds value.

QUALIFYING PROCESS

The roles of Innovation Leaders

1. Transformation of the corporate culture,
2. Optimization and automation of business processes,
3. Identify, prioritize, develop, and launch new products, services and business models,
4. Digital transformation of the buildings,
5. The reduction of costs and resources,
6. Investigation and integration of the instruments and devices,
7. Identifying new ideas by focusing on emerging trends, technological advances, innovative designs and needs,
8. Identify, prioritize, develop, and launch new products, services and business models,
9. Create new organizational capabilities, including technical and people-driven, that ensure a steady stream of innovations,
10. Evangelize innovation internally and externally to influence the brand in the market and create pull for creative talent.

Basic Criteria:

1. Minimum 3 years’ experience in the PropTech market (as a founder, as a developer or as a contributor),
2. Minimum 5 years’ experience in different positions in construction or real estate or real estate fintech sectors,
3. Minimum 5+ years of relevant experience in innovation, technology, sustainability and business model development,
4. Basic experience in the lifecycle of building,
5. Minimum one invention as a business model, as a product or as a service.

Advanced Criteria:

1. Developing the tools and methods to address the needs of the sectors,
2. Developing technology-based innovative solutions for new and existing problems,
3. Developing the new business models for reducing bureaucracy between B2B and B2C,
4. Developing the new service and product for sustainable properties,
5. Developing innovative solutions for life and working quality in buildings,
6. Developing new solutions to reducing the cost of properties for every user
7. Contribution to market transparency,
8. Contribution to cooperations and collaborations.

Human Capital

1. An understanding of concepts such as marketplace, management, investment, analytics, valuations and so on,
2. Adaptive thinking and a strong, critical mindset,
3. Strong business acumen and presentation skills,
4. Highly proficient at project planning, budgeting, and oversight,
5. Forward-thinking and adaptable to dynamic situations,
6. A solid understanding of innovation and how it should be applied in business.
7. Excellent interpersonal, leadership, and communication skills,
8. Creates an innovation strategy that is understood and endorsed by key stakeholders including executive leadership, employees, customers, and partners,
9. Builds a well-balanced innovation portfolio and roadmap that drives investments & top line growth,
10. Ensures the company is successful in taking its innovations to market in a timely and scalable way,
11. Uses innovation to differentiate the company in the market, provide unique value to customers and help build long-term relationships with customers,
12. Make transparent the innovation so the company is viewed as innovative, visionary and a market leader by customers, industry groups and media.

The essential building of innovation leadership

1. TOOLSET
The collection of tools and techniques used to generate new options, implement them in the organization, communicate direction, create alignment, and cause commitment.

2. SKILLSET
A framework that allows innovation leaders to use their knowledge and abilities to accomplish their goals. More than tools and techniques, it requires facility, practice, and mastery of processes.

3. MINDSET
The attitudes and resulting behaviors that allow the tools and skills to be effective. The mindset is the fundamental operating system of the creative thinker and distinguishes those leaders who enable creative thinking and innovation from those who shut it down.