The Center for Virtual Engineering of the Fraunhofer-Institut, ZVE. Source: ZVE
The very best were selected at the Center for Virtual Engineering of the Fraunhofer-Institut, ZVE, in Stuttgart. The jury of 20 interviewed and assessed the applicants, many of the founders attended personally, many used Skype – e.g. from the US, Sweden, Norway, Singapore, Russia, Spain, England, Finland, France, Slovakia, Norway, France and Estonia. This illustrated the global dimension of digitalization and its challenges once again – and demonstrated how important international networking is, when it comes to developing specific solutions for Real Estate 4.0.
Despite the understandable nervousness of the founders the atmosphere was very inspiring for everyone involved, the enthusiasm about innovation transpired everywhere, there was an intensive exchange on many topics. Potential synergies between established companies and new market players became tangible.
In the assessment REIN focused on the relevance of the product and service ideas, on their potential actual contribution to the transformation process of the property industry. The general lineup of each company, the commercial concept and the team were also scrutinized – and this is just a sample of the criteria which were applied in a highly structured process.