The property developers are collaborating on a proptech accelerator called Propell Asia that will issue grants to participating startups.

Real estate firms Jones Lang LaSalle (JLL) and Lendlease have launched a Singapore-based property technology accelerator called Propell Asia with co-working space District6 and creative design incubator MeshMinds.

Propell Asia will select five startups from the region to enter a 10-week accelerator program. They will each be eligible for a S$20,000 ($14,600) grant.

JLL’s technology innovation arm, JLL Spark, created a $100m global corporate venture capital fund earlier this month and will contribute to the pool of grant funding.…