The program will tap into the growing PropTech sector globally, with the number of companies tripling over the past ten years and attracting $9.7 billion in funding in the first half of 2021 alone, according to JLL’s 2021 Global PropTech Report.
The first edition of Aldar Scale Up received more than 200 applications from 31 countries and only recently concluded. Three emerging European businesses were awarded pilot projects with Aldar, in line with Europe’s emergence as the fastest-growing major region by venture capital investment. According to a report by Dealroom, Europe is outpacing both the US and China with startup funds growing by almost three times year on year to €49 billion in the first six months of 2021.
Already, one of the pilots is ready to launch with a Scale Up winner, Metrikus which is a UK-based startup offering property software solutions through an innovative platform, with a focus on operational efficiencies, estate optimization, and indoor air quality. The project will see Metrikus use its proprietary platform to monitor the indoor air quality at three Aldar retail and residential assets, Yas Mall, Eastern Mangroves, and The Bridges. The system will evaluate air quality in real-time and offer immediate actions for improvement to help maintain a healthy indoor environment.
