This week marked the launch of the UK PropTech Association (UKPA) – a trade body established to support businesses and individuals with an interest in the UK PropTech industry; something the team at Kykloud is really keen to support.
Such a professional association is without a doubt much needed given the rapid rise in the use of new technology within property and construction and the associated increased investment in PropTech businesses.
As part of the association’s steering group and one of the more mature UK PropTech businesses, we are very much hoping that the UKPA – a members only organisation- will promote greater engagement between technology businesses and the property industry.
Kykloud plays an integral part in our clients’ working practices and solutions but we recognise that there are still many parts of the property sector which view technology providers with some trepidation and vice versa.
UK PropTech companies are beginning to make waves internationally but when it comes to technology geography really does have no boundary so the UKPA will be looking at ways to further promote UK businesses overseas and will be hosting a number of regular ‘trade missions’ to places where demand for PropTech is soaring.
The UKPA will be chaired by Eddie Holmes, the Proptech specialist who was recently named on a Sunday Times list of 100 successful business people nurturing the next generation of entrepreneurs, so definitely well placed to support the growth of the sector.
Commenting on the launch Holmes said: “The growth of PropTech in the UK has been astounding. Today’s climate of ever-increasing investment in PropTech businesses is mirrored by a boom in adoption of new technology by property professionals and consumers alike.
“It’s more important today than ever before to make sure that the companies and people driving innovation in PropTech have a body which can help them continue to succeed.
“It’s one of the key goals of the UKPA to bring technology businesses and property businesses closer together. We will work to build bridges between, and create opportunities for, both industries.”
The UKPA has formed a steering committee, drawn from property and technology businesses, to help achieve these goals. I’m delighted that Kykloud will sit on this steering committee alongside key industry influencers such as Juliette Morgan – www.cushmanwakefield.co.uk, Dan Hughes – RICS and James Dearsley – www.jamesdearsley.co.uk, but the association will only truly realise its potential if both sides of the industry get involved and let their voice be heard.
Membership of the UKPA is open to technology and property companies and individuals working in or interested in PropTech. Full details can be found at www.ukproptech.com