CEMEX Ventures and four other industry leaders launch 2020 Construction Startup Competition

CEMEX Ventures, CEMEX's Corporate Venture Capital Unit, has launched the 2020 Construction Startup Competition. After the tremendous growth of its previous editions, Ferrovial, Hilti, VINCI Group's Leonard, and NOVA by Saint-Gobain have joined the competition aimed at identifying and fostering startups to lead the transformation of the construction industry.
May 22, 2020
By Guy Woodford
CEMEX Ventures and four other industry leaders have launched the 2020 Construction Startup Competition

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 May 19 through July 26, 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 (https://www.cemexventures.com/startup-competition-2020/). 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 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. 
 

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