In a novel move, MDR LAB, the legal tech incubator of UK law firm Mishcon de Reya has announced that two property sector companies, Derwent London and Coyote will sponsor the Real Estate category of its programme this year and mentor start-ups that join its second cohort.
The move is an interesting one as at present law firm incubators have tended to focus on helping lawyers and legal tech start-ups engage with each other for mutual benefit, bringing companies directly into the mix and at this early stage, takes things one step further.
Start-ups will now not only get a chance to gain feedback and insight from working with Mishcon’s lawyers, but get direct input from the end clients.
Derwent London owns a commercial real estate portfolio predominantly in central London valued at £4.8 billion (including joint ventures), making it the largest London-focused real estate investment trust (REIT). Meanwhile Coyote is a cloud-based property software platform which provides a central hub for managing market and asset data.
Nick West, Chief Technology Officer of Mishcon de Reya and Director of MDR LAB said: ‘We’re thrilled to bring Derwent London and Coyote on board. Their respective expertise in Real Estate investment and development and Real Estate technology will perfectly complement our legal knowledge and experience.”
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Applications are open for MDR LAB until 18 February 2018.