CEMEX Ventures calls for entries to change the future of construction

CEMEX Ventures calls for entries to change the future of construction

CEMEX Ventures, open innovation unit and corporate venture capital of CEMEX, launches Construction Startup Competition 2021 and renews its alliance with Ferrovial, Hilti, VINCI Group´s Leonard and NOVA by Saint-Gobain.

After the success of what has become the industry’s most promising startup competition, 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 (AEC) sector globally through their venture arm Dysruptek, join the challenge in the search for the best solutions for the built sector. The application phase of the competition will remain open until June 27, 2021.

Various startups from the previous edition are already in the talks or piloting their solutions with CEMEX Ventures, Ferrovial, Hilti, VINCI Group´s Leonard and NOVA by Saint-Gobain. This is one of the main reasons for the incorporation of GS Group and Haskell in the fifth edition of the competition.

“To participate in Construction Startup Competition 2021 means to knock directly on the doors of seven global leading companies in construction. Once again, this year we managed to reunite entities with great knowledge of the industry, not just in the areas of materials, machinery, infrastructure, and processes. These seven leaders cover the whole construction value chain and understand what the opportunity areas in the entire construction ecosystem are in order to find the best solutions and solve the main challenges of the industry” expressed Gonzalo Galindo, Head of CEMEX Ventures.

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: www.cemexventures.com/constructionstartupcompetition.

They have identified five categories where startups can subscribe to: carbon footprint mitigation, supply chain management, efficient jobsite and built environment, advanced building materials, and new construction methods.

The application phase closes on June 27, 2021. After a careful analysis from the organizing companies, the winners will be announced during the third trimester of 2021. By the end of the year, they will join representatives 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 conversation with investors and expand the projection of their businesses.

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 standardized 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.