CEMEX Ventures, CEMEX’s Corporate Venture Capital Unit, has announced the launch of the 2020 Construction Startup Competition. After the tremendous growth of its previous editions, Ferrovial, Hilti, VINCI Group’s Leonard, and NOVA by Saint-Gobain joined the competition with the objective of identifying and fostering startups to lead the transformation of the construction industry.
Under the slogan “You are the missing piece,” the five key industry players invite all entrepreneurs worldwide with innovative construction solutions to participate in this year’s edition by submitting their projects from now through to 26 July 2020. The winners will be evaluated on five areas of opportunity within the industry – from smart cities and buildings to optimisation of supply chain management, construction with innovative materials or methods, and optimisation of productivity, efficiency, and quality in daily project management, among others.
CEMEX Ventures, Ferrovial, Hilti, VINCI Group’s Leonard, and NOVA by Saint-Gobain come together for the 2020 Construction Startup Competition to add their weight behind startups, breaking the paradigm of one of the least digitised and most fragmented industries. They will join their expertise and resources to boost startups with their knowledge of infrastructure, materials, and equipment, among other disciplines.
Those interested in participating can apply through CEMEX Ventures’ webpage. Once the five host companies have evaluated all of the proposals, they will engage the most promising startups with a further set of opportunities, from workshops to pilots or investments. In this fourth edition of the Construction Startup Competition, the winning startups will be invited to Chicago, USA, to present their solutions to an audience composed of global leaders in innovation, investment, and construction, tentatively on 2 – 3 December 2020.
The global presence of the five host corporations allows startups from anywhere in the world to participate in the competition, giving them the opportunity to scale and expand their business to new geographic markets. The position these five leaders occupy within the construction value chain provides the participants with wide visibility of the challenges that the industry faces, as well as access to an active portfolio of important contacts. These factors help build connections to new investors and companies focused on innovation. Moreover, the competition offers participants the possibility of testing and implementing their solutions with any of the five host companies.
The growth of past editions – where the number of applicants skyrocketed from year to year – helped to develop an ecosystem of over a thousand startups from over 80 countries focused on the construction industry. The 2020 Construction Startup Competition aims to complete a vision of new emerging solutions in the industry, facilitate an efficient review of investment opportunities, and create a community of players committed to solving the industry’s challenges from an innovative, technological, and sustainable point of view.
Read the article online at: https://www.worldcement.com/the-americas/21052020/cemex-ventures-announces-launch-of-2020-construction-startup-competition/