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Hub.brussels
/ 08 Dec, 2020
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Proptech in the Brussels market

The Belgian market is a very well-developed and mature market in terms of proptech and The Capital city of Brussels plays an important role in it. As of today, 42 startups and scaleups have their headquarter in Brussels, with new initiatives developing by the day. Five outstanding Brussels based start-ups are demonstrating their expertise here at Propel by MIPIM NYC: Proxyclick, Shayp, Drawbotics, Buildwind and Facility Lockers

In addition to this rising start-up eco-system in Brussels, we are also witnessing a multitude of innovative projects being launched by larger Brussels players as they too look to play a role in this`city of tomorrow`. The economic development agency, Hub.brussels aims to bring these diverse actors together. The environmental and sustainable leadership through technology and innovation is key in accomplishing this mission, with no effort spared in its pursuit. We firmly believe that Public/Private partnerships and collaborations between startups and larger companies will lead to ever greater innovation and progress. 

Below are 2 projects which illustrate this collaboration:
 
One of the most innovative real estate projects is the Tivoli Project, developed by CityDev.Brussels, for energy efficiency and sustainability. Another example is the Gare Maritime, developed by Extensia, offering a concrete delivery of services and community spirit to the neighborhood.

An important player in this ecosystem is PropTech Lab, the Belgian federation of innovation in the real estate sector. It doubly aims to promote the digital transition of this sector on the one hand, and drive innovation, on the other. The federation brings together startups/suppliers of technology solution providers, large real estate groups, and investors interested in sustainable innovation.

It also fosters the growth of startups through assistance in: the acquisition of new customers, fundraising, internationalization, etc. 
Some areas PropTech Lab is working in:
 
Investment Retail
The COVID-19 19 crisis has surprised everyone, including the international proptech ecosystem. Companies cut down on investment in innovation, Startups were in need of cash, and Investors put their investments on stand-by. Nonetheless, the crisis accelerated the digitalization and the need for reinvention of the construction and the real estate sectors.
For more information, check the Trends Book from RELEVATION, the global fundraising Summit 2020
There exist different consumers, ways of consuming, and channels of consumption. Today, those in the retail sector must consider user-experience and efficiency more than ever; this includes planning mutualization of spaces and requests for flexibility, thinking about new solutions and omni-channels as well as about the importance of geolocation data and behavioral data. These changes will also require decisions on repurposing and urban warehousing.

Occupiers

Technologies
Offices are currently experiencing a significant change, as the physical fate of corporate offices remains unknown. Some companies are reducing their rental costs for economic reasons and might come back in the building in a few months, but others see their offices as indispensable features of their business that provide services and a sense of community rather than mere square footage. A return to the office will likely not look at the same as before however as office locations decentralize in order to offer more flexibility to the end-users. Ever heard of BIM (Building Information Modeling)? Of course, but how to implement it?
Data Collection? Noble endeavor, but how to extract value from the collected data?
3D printings, prefabricated components? Promising technologies! But what is the impact on the future of work and existing workforces? 
These technologies are well known in the construction and real estate industry but corporate actors must also understand them and become comfortable with their use. It is important to anticipate their implementation in the coming years in order to avoid lagging behind their exponentially quick evolution.

   If you are interested in joining the Belgian PropTech Lab community, click here!
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