Construction tech start-ups have less than six weeks to pitch for investment from Cemex, Ferrovial and Vinci.
The Construction Start-up Competition, run by Cemex’s innovation unit and VC arm Cemex Ventures, focuses this year on five key areas: carbon footprint mitigation; supply chain management; efficient jobsite and built environment; advanced building materials; and new construction methods.
The deadline is 27 June. The winners will be announced on 26 October.
Last year's winner was Modulous, a British start-up that has developed an AI platform to that enables high-speed design and delivery of affordable and sustainable homes on a global basis. It emerged victorious from 700 entrants.
As well as Cemex, Ferrovial and Vinci’s VC arm Leonard, also involved in judging the competition and potentially funding the winners are: Hilti; Saint-Gobain’s VC arm, Nova; Korea-based investment group GS Futures; and Dysruptek, the VC arm of Florida-based contractor Haskell.
“To participate in Construction Start-up 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,” said Gonzalo Galindo, head of Cemex Ventures.
To enter the Construction Start-up Competition 2021, visit: www.cemexventures.com/constructionstartupcompetition.
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