“Civinity” and “InfoBalt” becomes “PropTech” accelerator in Lithuania


“Civinity” and “InfoBalt” becomes “PropTech” accelerator in Lithuania

“Civinity”, together with the Lithuanian Information and Communication Technology Association INFOBALT, has established a new “PropTechLT” group. The group, which brings together real estate development and management, IT companies and research institutions, will work together to become a real estate digital innovation, competence center and cooperation platform.

The term “PropTech” (property technology) refers to the application of digital technologies and platforms in the real estate sectors. PropTech’s solutions are seen as one of the key ones that can help achieve the goals of the European Green Course.

“The focus of PropTech’s technology is on people. They aim to improve people’s daily lives, allow them to breathe, and leave real estate issues to professionals. Every new technological solution has an impact on the world around us in the long run, and we are determined to start work now for the best results, ” – says Deividas Jacka, Chairman and CEO of Civinity.

“Sustainable, environmentally friendly and efficient real estate development and building management can no longer be imagined without digital solutions. And although they are not new in the real estate market, we see that closer cooperation between participants in this sector, IT experts and the scientific community can help create more new ideas, more effective solutions, as well as increase the international competitiveness of the country’s business,” – says INFOBALT director Mindaugas Ubartas.

The aim of the group is to unite the main market participants into one group and to ensure the generation of innovative ideas and application of IT solutions in the current and future real estate market, thus ensuring the advanced development of this sector.

Therefore, this group, which brings together real estate development and management businesses, the scientific community, the most advanced and most experienced IT and technology companies, will focus all its efforts on creating new innovations and attracting new ones in this sector.

The “PropTechLT” group is currently united by “Infoera”, “In Re”, “Hnit Baltic”, “Citify”, “Pingin”, “Microsoft”, Kaunas University of Technology, Faculty of Construction and Architecture, and Vilnius Gediminas Technical University. Among the group’s partners are the Ministry of Environment of the Republic of Lithuania, Vilnius City Municipality, the Center of Registers, the Association of Lithuanian Municipalities, and the Public Institution Let’s Renew the City (Atnaujinkime miestą).