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CEMEX Ventures announces launch of 2021 Construction Startup Competition

Published by , Deputy Editor
World Cement,

CEMEX Ventures, CEMEX's Corporate Venture Capital and open innovation unit has announced the launch of its 2021 Construction Startup Competition and its renewed alliance with Ferrovial, Hilti, VINCI Group’s Leonard and NOVA by Saint-Gobain.

Following the success of what has become the industry's most promising startup competition, two major new global players have joined the alliance: GS Group, a leading Korean business conglomerate working in energy, construction and retail through its venture capital arm GS Futures, and Haskell, a leading fully integrated, single-source design-build American firm delivering solutions for the architecture, engineering and construction sector globally through their venture arm Dysruptek.

Multiple startups from the previous edition are already in the talks or piloting their solutions with competition’s partners. This is one of the main reasons for the incorporation of GS Group and Haskell in the fifth edition of the competition.

“Participating in the Construction Startup Competition opens the door to seven global leading companies in construction. Once again, this year we managed to unite organisations with great knowledge of the industry that cover the whole construction value chain,” said Gonzalo Galindo, Head of CEMEX Ventures. “These companies understand what the opportunity areas in the entire construction ecosystem are and are committed to solving the main challenges of the industry.”

Under the slogan ‘Build your own legend’, the seven companies that have been leading the evolution of construction since the last century, invite startups to participate through CEMEX Ventures website:

The competition has five categories that participants can apply in: carbon footprint mitigation, supply chain management, efficient jobsite and built environment, advanced building materials, and new construction methods. The application phase closes on 27 June 2021. After a careful analysis from the seven organising companies, the winners will be announced during the third trimester of 2021. By the end of the year, they will join the directors of the companies in a Pitchday event, along with other companies focused on construction, innovation, investment, and technology. This event will serve as the scenery for the entrepreneurs to present their solutions, begin a conversation with investors, and expand their businesses' projection. Construction Startup Competition 2021 was launched during the final event of the previous edition of this challenge, where the startup Modulous was crowned the winner. Modulous is a modular construction solution that offers a standardised kit of parts that allows the design and delivery of healthy, sustainable, and affordable homes through a distributed network of local assembly partners. Because of the pandemic and following the sanitary guidelines, the previous Pitchday had to be celebrated online. Therefore, Modulous will be invited to this year’s event, holding a privileged position and enjoying the opportunity to showcase its solution to relevant stakeholders.

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