Axel Springer Porsche GmbH & Co. KG (APX) — a joint venture owned by Axel Springer Digital Ventures and Porsche Digital — is seeking applications for its start-up program REAL.

The pre-seed program is open to prop-tech and smart home start-ups. This includes early-stage start-ups dealing with property search, real-estate agent tools, and co-living or co-working spaces.

Successful companies are invited to participate in a 100-day program in Berlin. They’ll receive a €50,000 ($56,000 U.S.) investment in exchange for 5 percent equity, free office space, workshops and support from mentors to make them ready for follow-on investment.

APX will also put start-ups in touch with Axel Springer’s newly built Aviv Group — which includes all of the company’s classifieds, except its job segment. The group “aspires to create the world largest digital company for real estate and car transactions,” according to its website.

APX is the successor of Axel Springer Plug and Play which invested in 102 companies from 2012 to 2017. Its managing directors are Jörg Rheinboldt and Henric Hungerhoff.

Applications for the REAL program can be submitted until April 30, 2019.

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