Scottish businessman Shaf Rasul has launched a property technology competition, in partnership with the Strathclyde University. Rasul, who was named as the university’s resident entrepreneur in February, is sponsoring the ‘PropTech Innovation Challenge’, delivered by the Strathclyde Entrepreneurial Network, with five winners receiving prizes of up to £5,000 for the best business pitches.
Rasul, a former member of the BBC’s online Dragon’s Den, is the founder of commercial property specialists SRA Ventures and has an investment portfolio across a range of sectors. With the competition, he hopes to inspire and mentor aspiring PropTech entrepreneurs at the university. Rasul has already worked closely with Edinburgh-based Property Technology, providing mentoring and early stage fundraising advice. The start-up has since been awarded £150,000 by the Scottish EDGE fund and IBM in recognition of the high-growth potential of its Apply.Property software.
“The PropTech Innovation Challenge is a huge opportunity for the best technological minds at the University of Strathclyde to get their leading ideas off the ground with a significant cash injection,” he said. Fiona Ireland, Head of Enterprise at the University of Strathclyde said: “When the idea of the PropTech Innovation Challenge was first mooted, we were excited by the possibilities of where it might lead.”