After the success of what has become the industry's most promising startup competition, GS Group, a leading Korean business conglomerate working in energy, construction and retail through its venture capital arm GS Futures, and Haskell, a leading fully integrated, single source design-build American firm delivering solutions for the architecture, engineering and construction (AEC) sector globally through their venture arm Dysruptek, is joining the challenge in the search for the best solutions for the built sector.
Various startups from the previous edition are already in the talks or piloting their solutions with CEMEX Ventures, and competition supporters Ferrovial, Hilti, VINCI Group's Leonard and NOVA by Saint-Gobain. This is one of the main reasons for the incorporation of GS Group and Haskell in the fifth edition of the competition.
"To participate in Construction Startup Competition 2021 means to knock directly on the doors of seven leading global 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," expressed Gonzalo Galindo, head of CEMEX Ventures.
Under the slogan Build your own legend, the seven companies that have been leading the evolution of construction since the last century, invite startups to participate through CEMEX Ventures website: www.cemexventures.com/constructionstartupcompetition.
They have identified five categories where startups can subscribe to: carbon footprint mitigation, supply chain management, efficient job site and built environment, advanced building materials, and new construction methods.
The CEMEX Ventures' Construction Startup Competition 2021 winners will be announced during the third trimester of this year. By the end of 2021, they will join representatives of the companies in a Pitchday event, along with other companies focused on construction, innovation, investment, and technology. This event will serve as the scenery for the entrepreneurs to present their solutions, begin a conversation with investors and expand the projection of their businesses.
The Construction Startup Competition 2021 was launched during the final event of the previous edition of this challenge, where the startup Modulous was crowned the winner. Modulous is a modular construction solution that offers a standardized kit of parts that allows the design and delivery of healthy, sustainable, and affordable homes through a distributed network of local assembly partners.
Because of the pandemic and following the sanitary guidelines, the previous Pitchday had to be celebrated online. Therefore, Modulous will be invited to this year's event, holding a privileged position and enjoying the opportunity to showcase its solution to relevant stakeholders.
For more information on the Construction Startup Competition 2021, visit www.cemexventures.com/constructionstartupcompetition.
