Open call for construction tech startups around the world

CEMEX Ventures, CEMEX’s Corporate Venture Capital Unit, has launched the fourth edition of 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 before 26 July 2020.

The winners will be evaluated on five areas of opportunity within the industry.

These range 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.

The five industry leaders joined the Construction Startup Competition 2020 to add their weight behind startups, breaking the paradigm of it being one of the most fragmented industries.

With their expertise and resources, they look to boost startups with their vast knowledge of the industry.

Advanced, innovative and technological

“For the past three years, we’ve seen how more startups joined our call on each edition and created an ecosystem of over 1,000 startups in 80 countries.

For this edition of Construction Startup Competition 2020, we made possible the union of five industry leaders in order to really promote a change in our sector that will allow for it to be more advanced, innovative and technological,” stated Gonzalo Galindo, head of CEMEX Ventures.

The global presence of the companies allows startups from anywhere in the world to participate in the competition.

This gives them the opportunity to scale and expand their business to new geographic markets, as well as the possibility of testing and implementing their solutions with any of them.

Their position in the construction value chain gives participants more visibility of the challenges the industry faces and access to important contacts in the sector.

Once all proposals have been evaluated, the most promising startups will engage in a further set of activities, like workshops, pilot projects and investment opportunities, that will allow startups to establish a relationship with industry decision makers.

In this edition of the competition, the winning startups will be invited to Chicago, US, to present their solutions to an audience of global leaders in innovation, investment, and construction, tentatively on 2-3 December 2020.

The Construction Startup Competition 2020 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.

Interested participants can apply through CEMEX Ventures’ webpage.