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AREA: A Real Estate Accelerator

Details

Members: 6

Overview

AREA is an intensive, three-month, cohort-based, venture accelerator program for promising startup teams applying new technology-based approaches to solving traditional real estate problems. We are exclusively focused on innovative startups in the fields of Planning, Development, Finance, Construction, Leasing, Management, Brokerage and Clean Technologies, all as applied to solving problems for the global real estate industry.

We provide $30,000 in seed funding, communal office space in New York City’s Silicon Alley (directly across the street from the New York Stock Exchange), a strong educational curriculum, mentorship from industry leaders, peer support, access to the AREA alumni network and customer introductions. Teams are accepted into AREA in through a highly competitive application process that takes into account the background of the team, innovation and execution of the team's products or services, scope of the problem being solved, and potential impact.

AREA has two cohorts each year. Applications for the Spring class close April for the program beginning in June. Fall applications close August 31 for the program beginning in October.

Advantages of Participating in AREA

  • Jumpstart a High Growth Business: 
    Rapid, iterative evolution of your business model and the actual business startup through a tested, practical, learning laboratory
  • Broad Curriculum: 
    Intensive, comprehensive program addresses the full range of issues typically faced by startups, from concept definition to customer acquisition
  • Business Mentorship and Peer Support: 
    Highly seasoned industry and startup professionals provide ongoing guidance, while fellow entrepreneurs share and learn through peer mentoring
  • Investment Preparation and Access: 
    Highly regarded early stage investors provide ongoing assessment and business critiques during the program, and may lead funding rounds at the culminating Demo Day