DUBAIUnited Arab Emirates, October 23, 2023 /PRNewswire/ — Zenerate, a pioneering AI proptech startup in the global real estate development industry, has landed first place in GITEX Global’s Supernova Challenge Pitch competition. This victory highlights their commitment to advancing sustainability and driving disruptive change within the real estate industry.
GITEX Global, held by October 16 to 20 In Dubai, served as a focal point for innovative companies and thought leaders. This year’s theme, “The Year to Imagine AI in Everything,” attracted the participation of more than 6,000 companies from over 170 countries, including an impressive list of 1,800 startups.
The Supernova Challenge Pitch Competition, a highlight of GITEX Global, is the world’s largest pitch competition. Middle East, AfricaAnd South Asia. Startups are vying for honors in various categories, aspiring to become the next unicorn of the tech world. Zenerate’s groundbreaking contributions, focused on using AI to solve the housing crisis, propelled it to the top of the Sustainability and ESG Disruptor category, accompanied by a $8,000 cash prize.
Zenerate’s innovative AI-powered feasibility study engine greatly impressed the jury. This cutting-edge technology not only maximizes returns but also significantly improves the speed and efficiency of decision-making. It allows property developers to make informed decisions quickly, thereby accelerating housing development. Zenerate’s innovative approach shows tremendous promise in alleviating the housing crisis, particularly in one of its key markets, United States.
Zenerate, a member company of the Global Digital Innovation Network (formerly known as Born2global Centre), is a venture-backed AI startup revolutionizing the real estate development landscape. Their suite of consulting services and web products includes the Zenerate app, a real-time feasibility study tool and design automation solution suitable for multifamily and mixed-use developments. These AI-based solutions enable stakeholders to identify the optimal use of a given site, thereby facilitating sustainable and efficient development. For more information, please visit www.zenerate.ai or contact them at (email protected).