By James A. Loyola
Filinvest Development Corporation and Plug and Play, considered the foremost global innovation platform, have joined forces to fuel innovations in property and real estate technology.
The partnership, the first initiative of its kind in the Philippines, will also venture into adjacent sectors such as energy and sustainability, mobility, protech, smart living and Internet of Things (IoT).
The two companies, through Filinvest’s President & CEO, Josephine Gotianun-Yap, and Plug and Play’s Executive Vice President & Head of Corporate Innovation for APAC, Shawn Dehpanah, have signed an agreement to collectively develop and promote new services for the real estate and smart living sectors through a collaboration program with global startups.
This synergy is anchored on a strong shared intent to digitally transform the real estate sector and evolve with customers’ changing behaviors and preferences.
Filinvest will work with Plug and Play to access pioneering tech-driven businesses across 20 verticals.
“We are very proud of this partnership with the Filinvest group. They are an innovator in creating smart environs and spaces, and our goal is to establish the most innovative hub for Filinvest in engaging entrepreneurs and startups who are digitally transforming many areas of real estate and Smart Living pillars through Plug and Play’s innovation platform,” said Dehpanah.
He added that, “This is a first in the Philippines and the team from Filinvest is one of the most forward-thinking corporate groups we have worked with thus far, so we look forward to collaborating more closely on various initiatives.”
Filinvest’s myriad of real estate projects and ecosystems provide an ideal platform for introducing cutting-edge digital solutions.
Yap underlined the group’s focus on innovation —“We are committed to bringing in fresh, innovative ideas that benefit Filinvest’s customers, employees, and partners, and solve real business challenges.”
“For instance, I recently talked about how drone inspection of Filinvest projects and properties will allow us to perform checks of various locations while safeguarding the health of our people. This kind of innovative and practical solution, along with other non-contact tech-enabled interactions in our properties, will not only be helpful during this time when community quarantines are in place, but also in a post-Covid setting,” she added.
Yap noted that, “We see that smart, digital technologies will drive the future of the property industry. We want to leverage tech as much as possible to transform our business, engage our customers and locators, as well as help make a lasting positive impact to the local communities.”