LEADING Scots businessman Shaf Rasul is calling on budding entrepreneurs to take up the PropTech Innovation Challenge in partnership with the University of Strathclyde – and stake a claim to £25,000 in start-up funding.

Rasul, a former member of the BBC’s online Dragon’s Den who was named the university’s Resident Entrepreneur in February – is sponsoring the property technology competition, being delivered by the Strathclyde Entrepreneurial Network, with five winners receiving prizes of up to £5000 for the best business pitches.

Together, they are laying down the gauntlet to budding innovators who are looking to see their fresh technological ideas take off and provide breakthrough property market solutions across the likes of software, hardware, and manufacturing.

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Rasul said: “The PropTech Innovation Challenge is a huge opportunity for the best technological minds at the University of Strathclyde to get their leading ideas off the ground with a significant cash injection.”

The deadline is May 17 and it is hoped students and staff will get involved.