Open Network Lab Resi-Tech promotes open innovation and assists promising startups in all stages working on products and services that help allow people to enjoy affluent lifestyles. It leverages the Digital Garage Group’s global network and experience supporting startups in all stages, in collaboration with major, Japanese companies that lead the real estate, construction, and lifeline industries.
* The above themes are examples. We accept a wide range of entries for products, services, and business models that will help resolve social issues and create new value related to daily life.
Open Network Lab Resi-Tech includes the Accelerator Program, which provides support from the development of products that meet market needs to actual implementation, and the Open Innovation Program, which creates new business models using existing products. The major features of both these programs are that participants can utilize the assets of partner companies, can carry out simultaneous proofs of concept with multiple major players that are industry leaders, and can take part in the co-creation of new businesses. Digital Garage connects startups with partner companies to provide support in various stages and mentoring leveraging the expertise it has developed through Open Network Lab.
Opportunities will be provided as necessary to receive advice on services and products by inviting specialists, investors, and established entrepreneurs in various fields from Japan and abroad. Highly experienced helpers will work with participating teams to offer support such as business theories and verification, product refinement, and presentations.
This program provides chances for startups in the same stage to form connections, and also to receive advice from established entrepreneurs who have moved into the next stages, as well as experts and multiple companies in various fields.
This program supports businesses by forming an ecosystem where startups can build relationships with major, excellent companies, something that is not easy to do.
Many partner companies cooperate to offer an environment where startups in all stages can step up their speed and work on their businesses. Various benefits are available, including infrastructure, back-office work, and analysis and recruiting tools.
Funding for participating startups will be considered in certain cases.
* Funding is not guaranteed. It will only be provided in cases with agreement from both parties.
Assistance is provided for expenses to carry out proofs of concept in the program as required.
* This is not a definite guarantee.
The real estate industry has a complex structure, and there are many cases in which startups cannot get in touch with suitable employees when approaching major real estate companies. Major real estate companies serve as partners in this program, so key figures at these companies facilitate introductions with employees in suitable departments. Startups with no connections do not have to struggle to set up meetings because they can immediately access the employees they need to speak with.
When startups carry out proofs of concept with major companies, the preparatory period is usually around six months to one year. However, in this program the time span is just three months from planning to implementation. And because startups can use the assets of partner companies, they can verify their products in environments that more closely resemble actual implementation. Moreover, startups can simultaneously carry out proofs of concept with multiple major real estate companies in the same time period, and can expect to receive wide-ranging, high-quality feedback.
Co-creation between startups and major companies is often hindered by challenges such as different corporate cultures, communication errors, and insufficient resources. This program provides aid for actual proof of concept expenses* and support from Digital Garage to resolve these problems and carry out proofs of concept in a short time period. Participants may also have more opportunities to receive financial assistance after the program ends.**
* Support varies depending on the proof of concept.
** This is not a definite guarantee.
Because Resi-Tech is Japan’s only consortium of major, excellent companies in the real estate and construction industries, participants can propose and execute cross-industry business ideas incorporating multiple major industry players—something that cannot be accomplished in other programs.
Partner companies and Digital Garage offer their resources and expertise to realize cross-industry business ideas proposed by startups. Startups can efficiently create their business ideas by accessing resources that are hard to obtain on their own.
Startups, as well as their products, earn greater trust by building co-creation track records with major, excellent companies that are well known in the real estate and construction industries. This provides greater confidence to startups and also helps with their future sales activities.
Open Network Lab Resi-Tech supports startups that are taking on the challenge of creating new real estate services and urban development through the power of 5G wireless communications and the IoT. I believe Resi-Tech is an extremely meaningful program for startups that are hoping for the chance to build track records through test runs with major companies, to further promote their services to the world, and to further update their products. I hope you will consider applying to the next batch!
The real estate industry is like a black box; it’s hard to know what’s going on from the outside. That is why I recommend this program to companies that want to learn about this industry and verify if their products are a good fit. Because developers are usually in competition with each other, there are no chances except this program for them to get together and collaborate. And if you can create something that exceeds expectations, it is fully possible that it may be adopted by all of the companies. I don’t think there are many opportunities like this one.
* Please note that changes may be made due to the impacts of COVID-19 or other reasons.
|Program||Open Network Lab Resi-Tech 2nd Batch|
|Deadline||Noon on 2019/6/11 (Thu)|
|Terms of participation||
ICT Promotion Section, General Affairs Group, General Affairs and Human Resources Department
Our mission is “Next GOOD to customers and society. Value that is one step ahead, through thinking that is one step ahead.” We provide “value that is one step ahead” to customers and society. The real estate industry, including residential real estate, has a growing need for digital transformation that will bring more affluent lifestyles. I look forward to creating new value with everyone through technology.
Technology producing, Technology Department Head Office
I look forward to ideas and solutions related to the building lifecycle (design, construction, maintenance/management, and repair), that are useful to the people who live in cities. I hope to bring new innovations to the industry through co-creation with Resi-Tech partner companies by combining the knowledge and business opportunities of our company—which is an “integrated engineering firm for urban creation”—with the new technologies and ideas of startups.
Future Design Lab
Just like the last batch, I hope to leverage the Tokyu Group’s broad range of business domains and assets to resolve industry issues in real estate and related fields. To do this, I would like to take on the challenge of business co-creation with startups while collaborating with partner companies. I hope this will lead to valuable initiatives for everyone involved in this unique consortium-type program.
SENIOR STAFF MEMBER
Planning Strategy Department
Digital Transformation Promotion Office
Our corporate group creates and proposes lifestyles beyond the bounds of physical frames. With a dedication to making sincere efforts to resolve social issues through our business activities, we have continually provided new value to customers and society. We do business in a wide range of fields centered on real estate, and I believe integration with digital technologies is an important theme. Let’s create new business models combining advanced technologies and services with our company’s business domains.
Corporate Planning Department
I participate in Resi-Tech because I want to make people’s lives more affluent through technology. I think “making lifestyles more affluent” refers of course to residential aspects, but also to initiatives in daily life as a whole, including work and leisure. I also believe we must be aware of resolving social issues, not only of striving for business growth. I look forward to implementing this program with a free way of thinking so we can provide better lifestyles to people!
Business Development Headquarters
Director of Urban Development Department
In our real estate business, we carry out sustainable urban development to create places where people want to live and visit. Our vision is making contributions to development in regions and along train tracks. I hope that we can help come up with solutions to social issues in this program, and also to develop brand-new products, services, and mechanisms to create towns where new lifestyles are produced, rather than just responding to changes that occur.
ICT&Innovation Planning Dept.
Our Group is involved in the “hard” aspects of highly user-friendly urban and real estate development, and also in efforts to create “mechanisms” for collaboration with diverse stakeholders in cities such as individuals, groups, schools, and companies. I hope to propose businesses from various angles related to lifestyle-related urban and environmental development in the broad sense, without being bound by the existing real estate business framework.
Housing Business Headquarters
Metropolitan Apartment Business Division
Business Promotion Group
We create residential environments in tune with the changing times, and my hope is to provide customers with “Safety and Comfort” and “Dream and Excitement,” which is our corporate philosophy. To that end, I wish to accomplish things we cannot achieve as a single company or Group together with the new people we meet through the program.
Business Development Group
Venture Co-creation Department
I am participating for the second time, after the 1st Batch, and I am continually exploring new visions for cities and urban development. I look forward to taking on challenges with startups in fields other than real estate and construction, without being limited by existing definitions and images.
Please contact us for other questions.