Cemex construction startup competition 2022
March 27, 2022

Cemex Ventures announces Contech construction competition

Madrid-based construction technology venture capital firm announces sixth iteration of construction startup competition.

It’s the event where Contech (construction technology) firms and startups go to change the construction industry and compete for investors attention (Contech construction competition).

Returning partners to the event are established names in the Contech space, such as Dysruptek by Haskell, Ferrovial and GS Futures, among others. Additionally, the competition is welcoming Black & Veatch, a global engineering, construction and consulting firm, along with industry giant Procore Technologies.

Aspiring companies have until Sept. 4 to apply for the competition. Winners will be invited to Pitchday in November, where they will spruik their vision and products for the judges, as well as leading companies and investors from the construction and technology industry, according to the release.

Watch it and prepare your pitch:

Last year’s gold medal winner was Atlanta-based AI firm DocumentCrunch, and other past winners include British modular building firm Modulus and San Francisco-based software and financing platform Handle.com

The competition generally has 400-600 applicants.

Firms can enter the competition under four different categories:

  • Green construction: for startups changing the construction industry by decarbonizing the built environment, mitigating the industry’s carbon footprint and promoting a circular economy.
  • Enhanced productivity: for participants looking to increase efficiency and productivity by improving stakeholders’ collaboration, communication and coordination through a connected construction value chain, and make data-informed decisions.
  • Construction supply chain: for those helping key members of the industry get materials to the right place at the right time while improving the supply chain through improved fleet tracking, material sourcing and more.
  • Construction’s “future is now:”for startups improving productivity in the industry through the use of robots, advanced building materials and more.

The world of Contech is growing rapidly as companies look to invest. Firms have raised hundreds of millions of dollars in recent funding rounds, buttressed by the fact that 2021 was the strongest year of Contech funding to date.

See: www.cemexventures.com/constructionstartupcompetition



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