Madrid-based CEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX announced the winners of its 2022 edition of the Construction Startup Competition. CEMEX Ventures led the panel of jurors, which included nine other industry partners from Black & Veatch, Dysruptek by Haskell, Ferrovial, GS Futures, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Procore Technologies, Inc., and Zacua Ventures. This jury selected eight startups that will transform the construction industry as it is known today.
In the category of Green Construction, the winners were Carbon Limit (United States) and 2050 Materials (United Kingdom). Likewise, the winners of the Enhanced Productivity vertical were Exodigo (United States) and Constru (Israel). The Construction Supply Chain vertical was conquered by Soil Connect (United States) and Cathago (Germany), while the Construction’s Future is Now vertical winners were Loris (United States) and Automatic Construction (United States). These startups were selected among hundreds of applicants worldwide because of their commitment to improving and revolutionizing the industry from within.
On November 9, 2022, the competition’s eight winners will compete by pitching their solutions to a jury of 10 made up of members from CEMEX Ventures and the nine competition partners during Procore’s Groundbreak conference in New Orleans, United States. Each year, the leading construction technology conference brings together industry professionals from around the world to discover, learn, and innovate. Following the pitches, four gold medalists will be selected according to the competition’s four opportunity areas. However, in addition to the benefits the winners receive from the Construction Startup Competition, they are also awarded the unique opportunity to develop entrepreneur-to-entrepreneur relations with key industry-leading corporations, exhibitors, and startups, and take advantage of the extensive exposure from the full-access three-day conference.
The Construction Startup Competition is the leading and most promising challenge for startups in the industry. The competition calls for solutions that improve sustainability, efficiency, time, and innovation throughout the entire construction value chain. Startups who commit to “building a boundless new world”, the theme of this year’s challenge, benefit from networking, capital investment, and piloting their solutions in real markets anywhere in the world.
Since its first edition in 2017, startups from more than 80 countries have participated in the biggest challenge aimed at startups in the construction industry, the Construction Startup Competition. Plenty of them have gone on to collaborate with the participating companies after applying for the competition. Given the global outreach of its partners, the 2022 edition expects to see an increase in the number of applications, identify the most innovative solutions around the world, continue growing the Contech ecosystem, and implement innovative plans for the sector.