CEMEX Ventures Celebrates Closing of Its 2018 Construction Startup Competition
July 31 2018 - 5:30PM
Business Wire
- The competition concludes with four
times the number of participants’ projects compared to the 2017
competition, including the best solutions to today’s global
construction challenges.
- The seven finalists from six different
nations will negotiate with CEMEX Ventures for access to its
investment portfolio.
CEMEX Ventures commemorates #CXVPitchday, the closing of its
2018 Construction Startup Competition, in which seven finalists
presented their projects. The startups that made it to the end
offered several diverse solutions based on the four operational
focal points of CEMEX’s corporate venture capital unit.
Launched in April, the competition challenged the most promising
startups to become leaders of the construction revolution. Focused
on the ConstruTech space, all of these startups competed to lead
the construction revolution and gain access to CEMEX Ventures’
investment portfolio. This challenge called for an exhaustive
analysis, with evaluation criteria based on the level of
innovation, the escalating potential, and the solution offered to
the construction industry.
The finalists from Colombia, Egypt, Mexico, the Netherlands,
Singapore, and the United States were invited to a three-day stay
in Madrid. At the center of this event, a jury comprised of
multidisciplinary industry experts evaluated these entrepreneurs’
projects. The event included construction, technology, innovation,
and entrepreneurial leaders.
The “Best Pitch” prize was awarded to Geopipe, a U.S.-based
startup that uses Machine Learning to create copies of urban
reality and generate digital models. However, all of the finalists’
projects continued negotiations with CEMEX Ventures for access to
its investment portfolio.
The jury evaluated projects including Knowify, which focuses on
maximizing contractor productivity; Licify, which platform
facilitates biddings; and disruptive technologies such as
Artificial Intelligence and Big Data from Smart Build Asia.
Airsquire showcased its plan verification tool; while Handaz
presented its tool to convert CAD plans into BIM models. From
Mexico, Os City featured its crowd-sourced Artificial Intelligence
platform, developed for smart cities.
Both the jury and the event’s visitors came from large
construction, technology, innovation, and market analysis
companies. They all agreed that, in addition to the finalists, all
of the participants’ projects provided CEMEX Ventures with a
constant flow of new business models, prioritizing the best
solutions to the challenges of the construction industry.
Launched in 2017, CEMEX Ventures focuses on helping to overcome
the main challenges and capitalizing on the opportunity areas in
the construction ecosystem through sustainable solutions. CEMEX
Ventures has developed an open collaborative platform to lead the
revolution of the construction industry, engaging startups,
entrepreneurs, universities, and other stakeholders to tackle the
challenges in the construction environment and shape the industry’s
future. For more information on CEMEX Ventures, please visit:
www.cemexventures.com.
Follow CEMEX Ventures on:
- Facebook: CEMEX Ventures
- Twitter: @CEMEXVentures
- Linkedin: CEMEX Ventures
CEMEX Ventures assumes no obligation to update or correct the
information contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180731005974/en/
CEMEX VenturesMedia RelationsCristina
Aparicio, +34 91 377
9248aparicio.cristina@cemexventures.comorCEMEXMedia
RelationsJorge Pérez, +52(81) 8888-4334mr@cemex.com
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