Taronga Ventures partners with Singapore’s Smart Urban Co-Innovation Lab led by Capitaland
By Valerie Kor
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - Real estate innovation and technology investment platform Taronga Ventures will be collaborating with Smart Urban Co-Innovation Lab. The collaboration will aim at helping major real estate owners and operators identify new revenue streams, reduce costs and operate sustainably.
At the same time, Taronga Ventures will introduce its network of emerging technology companies focused on the real estate industry to the lab. With its venture capital fund and innovation platform, it also supports emerging technology companies with capital and customers.
Taronga Ventures co-founder, Avi Naidu, says that major shifts in consumer behaviour and rapid changes in technology have changed the way real estate operates. He adds that collaboration will allow it to reach multiple markets in Asia and execute on opportunities.
Naidu (right): Major shifts in consumer behaviour and rapid changes in technology have changed the way real estate operates (Photo: Taronga Ventures)
The industry-led laboratory develops solutions for the deployment of smart cities. It was officially opened by Minister for Communications and Information, Mr S Iswaran in October this year, supported by the Infocomm Media Development Authority and Enterprise Singapore. Based in CapitaLand's 5G-enabled Singapore Science Park, it is a space for industry leaders to co-create and test innovations in a built environment.
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