Real Estate Tech Fund: Nila Spaces Launches USD 1M VisionX Program
By Rediff Money Desk, NEWDELHI Dec 19, 2023 15:22
Nila Spaces, a realty firm, launches a USD 1 million fund to support prop-tech startups through a 12-week accelerator program, providing mentorship and access to the prop-tech ecosystem.
![Real Estate Tech Fund: Nila Spaces Launches USD 1M VisionX Program](https://im.rediff.com/money/2016/mar/14realty1.jpg)
New Delhi, Dec 19 (PTI) Realty firm Nila Spaces on Tuesday said it has set up a USD 1-million fund to support technology startups in the real estate sector.
In a statement, Ahmedabad-based Nila Spaces said it has started a VisionX Program, an initiative with a commitment of USD 1 million dedicated to prop-tech startups.
Managed by Awfficacy Capital, VisionX is a 12-week rolling accelerator programme tailored to nurture and elevate early-stage prop-tech startups.
Participants will benefit from personalised mentorship, access to the prop-tech ecosystem and immersive sessions on business development and investor readiness.
To become eligible for participation, startups must be at seed-stage or early-stage, demonstrate innovation in their product or service, possess high growth potential and scalability, and having committed to actively engaging with mentors, advisors, and the prop-tech ecosystem at large.
Deep Vadodaria, CEO of Nila Spaces, said, "In today's real estate evolution, innovation is a necessity, not a choice. The VisionX Program is our commitment to propel prop-tech startups, providing capital, mentorship, and a sustainable ethos -- an investment in the future of real estate innovation and the promotion of entrepreneurship in the Indian youth."
Realtors' bodies CREDAI and NAREDCO have also started prop-tech funds to support startups.
Real estate developer Brigade Enterprises and property consultant CBRE are also running programmes to support such startups.
In a statement, Ahmedabad-based Nila Spaces said it has started a VisionX Program, an initiative with a commitment of USD 1 million dedicated to prop-tech startups.
Managed by Awfficacy Capital, VisionX is a 12-week rolling accelerator programme tailored to nurture and elevate early-stage prop-tech startups.
Participants will benefit from personalised mentorship, access to the prop-tech ecosystem and immersive sessions on business development and investor readiness.
To become eligible for participation, startups must be at seed-stage or early-stage, demonstrate innovation in their product or service, possess high growth potential and scalability, and having committed to actively engaging with mentors, advisors, and the prop-tech ecosystem at large.
Deep Vadodaria, CEO of Nila Spaces, said, "In today's real estate evolution, innovation is a necessity, not a choice. The VisionX Program is our commitment to propel prop-tech startups, providing capital, mentorship, and a sustainable ethos -- an investment in the future of real estate innovation and the promotion of entrepreneurship in the Indian youth."
Realtors' bodies CREDAI and NAREDCO have also started prop-tech funds to support startups.
Real estate developer Brigade Enterprises and property consultant CBRE are also running programmes to support such startups.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...