CEMEX Ventures, CEMEX’s Corporate Venture Capital Unit, has launched the 2020 Construction Startup Competition, a program that encourages construction innovators worldwide to compete for startup support from the group of organizations that support the competition, the website For Construction Pros says.
The competition has grown substantially in recent years, drawing the backing of global firms Ferrovial, Hilti, VINCI Group’s Leonard, and NOVA by Saint-Gobain. Officials say they each joined the competition with the objective of identifying and fostering startups to lead the transformation of the construction industry.
Built with the slogan “You are the missing piece,” the competition is aimed at all entrepreneurs worldwide that have innovative construction solutions. Entries must be submitted between May 19 and July 26, 2020, through the CEMEX Ventures webpage.
According to an article in For Construction Pros, the winners will be evaluated on five areas of opportunity within the industry — from smart cities and buildings to optimization of supply chain management, construction with innovative materials or methods, and optimization 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 digitized and most fragmented industries. They will join their expertise and resources to boost startups with their knowledge of infrastructure, materials and equipment, among other areas,” the article says.
The great 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 is poised 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.
For more information on the competition, visit the CEMEX Ventures website.