#Japan #Tokyo #Satellite Data #Space Shift #WHERE

Collaboration to Transform Real Estate with Satellite Data

In a strategic move to innovate real estate solutions, Space Shift Inc., headquartered in Chiyoda, Tokyo, and WHERE Inc., based in Bunkyo, Tokyo, have recently entered into a memorandum of understanding (MOU). This partnership aims to harness satellite data to develop cutting-edge solutions within the real estate sector. Through this collaboration, WHERE will also participate in Space Shift's co-creation program known as 'SateBiz,' accelerating their joint efforts in maximizing the potential of satellite technology in real estate.

Understanding the Untapped Market Potential

WHERE has recognized that the real estate sector contains an enormous off-market potential, estimated to be worth approximately 10 quadrillion yen. They have been actively developing the 'WHERE' AI tool, which connects property owners with real estate opportunities. They firmly believe that insights derived from a 'space perspective' are crucial in unlocking this vast potential. Collaborations with satellite data providers have allowed them to carry out proof of concepts (PoCs) that further their objectives.

As the demands of real estate professionals continue to diversify, WHERE acknowledges the necessity of partnering not only with their own resources but also with advanced satellite data firms to meet these evolving needs efficiently. Space Shift brings to the table its extensive expertise in analyzing a range of Earth observation data, with applications that include monitoring agriculture, urban dynamics, and disaster situations.

Combined Forces for Higher Quality Information

The collaboration between WHERE and Space Shift will enable the integration of real estate information and satellite data, paving the way for delivering superior insights. This synergy aims to create new value in agriculture, urban development, and disaster management, promoting a 'Space Transformation' (SX) within the real estate sector and working towards capturing a share of the 10 quadrillion yen market.

The Role of the 'SateBiz' Co-Creation Program

Space Shift’s 'SateBiz' program is designed to encourage the private sector's utilization of satellite data. It comprises around 70 companies from various fields, including finance, real estate, agriculture, and green transformation (GX). The program aims to create value by combining satellite data with the companies' existing assets and facilitating the execution of PoCs. WHERE's involvement is expected to deepen cooperation with other members, fostering new business opportunities and enhancing the overall value of collaborative efforts.

About WHERE Inc.

WHERE Inc. is a startup launched from JAXA, with a vision to revolutionize the real estate market using insights from space. The founder, Takuaki Akutsu, has previously established and managed eight companies in the real estate sector before embarking on this new venture. Currently, they are actively expanding partnerships with various industries in both the public and private sectors, focusing on researching space technology at the Graduate University for Advanced Studies and developing their AI tool 'WHERE' for exploring off-market opportunities utilizing satellite data.

Location: 2-3-10 Mukougawa, Bunkyo, Tokyo
Representative: CEO Takuaki Akutsu
Business Focus: Development and sale of the AI tool 'WHERE,' as well as manufacturing space exploration devices.
Notable Features: Providing comprehensive support for real estate ranging from exploration to evaluation, management, and engagement through the use of satellite data and AI.
Official Website

About Space Shift Inc.

Founded in December 2009, Space Shift aims to 'Sense the Unseen from Orbit,' developing software for analyzing data from Earth observation satellites through AI. The company plays a vital role across various sectors, such as infrastructure management, disaster prevention, agriculture monitoring, and environmental conservation. Their goal is to leverage satellite data to contribute to a sustainable society.

Headquarters: 1-6-1 Otemachi, Chiyoda, Tokyo
Representative: CEO Naruki Kanemoto
Business Focus: Development of analysis software for Earth observation satellite data and various consultations and research related to space business.
Official Website

Contact Information

For inquiries regarding this announcement, please contact:
WHERE Inc.
Contact persons: Fujii & Uchiyama
Email: [email protected]

Space Shift Inc.
Contact persons: Sato & Itoi
Email: [email protected]

This partnership signifies a pivotal step in embracing the untapped potential of satellite data in the realm of real estate, setting the stage for transformative developments and unmatched innovation in the industry.