TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI), a
global leader in commercial real estate services, today announced the launch of the Colliers Proptech
Accelerator powered by Techstars.
“Disruptive changes in technology, evolving demographics, fierce global competition and increased connectivity
are factors impacting all industries,” said Dylan Taylor, Colliers President & COO. “And the commercial real estate industry is no
exception. Colliers sees this as an opportunity and is committed to being the most enterprising company in our industry by
developing innovative and value enhancing services for our clients and professionals. Partnering with Techstars allows us to
harness the best and brightest in operating technology accelerators and selectively evaluate and invest in new technologies. The
new Colliers Proptech Accelerator powered by Techstars enhances our unique culture of innovation while developing differentiated
solutions for our clients.”
“The Colliers Proptech Accelerator powered by Techstars will provide us with early insight into companies and
technologies that have the potential to deliver value enhancing strategies to our clients and better arming our professionals to
execute,” said Jay Hennick, Colliers Chairman & CEO. “Combining Techstars' record of success with new technologies and Colliers'
leading market knowledge and global platform in real estate ensures we remain at the forefront of innovation. Colliers Proptech
Accelerator will enable us to source, shape and invest in new solutions and opportunities across the real estate value chain,
providing a competitive advantage for our clients, employees and shareholders.”
The Colliers Proptech Accelerator powered by Techstars is a first-of-its-kind program that identifies and
mentors startups around the globe that are developing industry-disrupting technologies in the property and real estate industry.
Startups selected will be hosted in Toronto, Canada, Colliers global headquarters, for an intensive 13-week program focused on the
development and acceleration of technology driven solutions. Applications will be open for the first Colliers Proptech Accelerator
class in February 2018. Startups may apply at Techstars.com/apply.
“Techstars is the worldwide platform that exists to help entrepreneurs succeed. Our cultural alignment with
Colliers and ability to leverage its expertise and global platform creates a one-of-a-kind partnership in the real estate services
industry,” said David Brown, founder and co-CEO of Techstars. “The Proptech startups selected for this program will create deep
connections with Colliers’ industry experts worldwide while allowing them to accelerate their growth and business success in the
future."
About Colliers International Group
Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI) is an industry leading
global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and
significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and
investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate
solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized
research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that
helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International
Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has
been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.
About Techstars
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other
entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates
four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation
Partnerships, and the Techstars Venture Capital Fund. www.techstars.com.
COMPANY CONTACTS:
Dylan Taylor
President & COO
Phone: (416) 324-4390
John B. Friedrichsen
Chief Financial Officer | Global
Phone: (416) 960-9500
TECHSTARS CONTACT:
Joanie Kindblade
Phone: (303) 562-6230