The National Association of REALTORS┬« (NAR) REach┬« accelerator, which finds and nurtures real estate-related startups, is now accepting applications for its 2019 program. Recently, and for the second straight year, The Seed Accelerator Rankings Project (SARP) named the program one of the top 25 in the U.S. SARP is compiled by researchers from the MIT Innovation Initiative Lab for Innovation Science, Rice University and the University of Richmond.
According to NAR, REach┬« companies have collectively raised more than $300 million in financing both during and after the program. Through the accelerator, they are exposed to the real estate vertical, which represents more than $1 trillion in revenue.
“The growth and innovative strategy of the REach┬« program has allowed NAR and its members to stay ahead of the constant technological changes in the real estate market,” says Bob Goldberg, CEO of NAR. “For the REach┬« program to be recognized as one of the top accelerators in the country for a second straight year is an honor, and we look forward to growing the program further to benefit REALTORS┬« and their businesses.”
“It is an honor to once again be recognized by SARP alongside 25 other elite accelerators across the country,” says Mark Birschbach, senior vice president, Strategic Business, Innovation & Technology at NAR. “We see a huge potential for success for all REach┬« companies,┬áand being honored by SARP for the second year in a row shows just how valuable REach┬« companies are to NAR’s members and the industry at-large.”
Companies have until Jan. 31, 2019 to apply for the 2019 program. Chosen companies will be announced in March 2019, at which point the nine-month program will start.
“We are excited to have the opportunity to invest our time and resources into the companies chosen to be a part of the REach┬«┬áprogram and look forward to welcoming a new class in 2019 and propelling them into the real estate industry,” Goldberg says.
REach┬« is operated by Second Century Ventures, NAR’s strategic investment arm.
For more information, please visit narreach.com/apply.
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