{"id":25304,"date":"2024-03-21T19:40:37","date_gmt":"2024-03-22T02:40:37","guid":{"rendered":"https:\/\/essential.construction\/news\/cemex-ventures-on-their-bet-on-startups-and-the-fourth-edition-of-construction-startup-competition\/"},"modified":"2024-03-21T19:40:40","modified_gmt":"2024-03-22T02:40:40","slug":"cemex-ventures-on-their-bet-on-startups-and-the-fourth-edition-of-construction-startup-competition","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/cemex-ventures-on-their-bet-on-startups-and-the-fourth-edition-of-construction-startup-competition\/","title":{"rendered":"CEMEX Ventures on Their Bet on Startups and the Fourth Edition of Construction Startup Competition"},"content":{"rendered":"

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With Construction Startup Competition 2020, CEMEX Ventures exposes the need to find solutions to the industry\u2019s most pressing challenges, promoting startups and the integration of new business models.<\/p>\n

CEMEX Ventures<\/a>, CEMEX\u00b4s open innovation arm and Corporate Venture Capital has one goal: to foster the construction revolution. This implies promoting innovation, the use of new technologies and new ways of doing business in construction, one of the least digitized industries in the world. How did the entrepreneurs of Construction Startup Competition<\/strong><\/a> plan on taking on such a challenging task?<\/p>\n

\u201cThrough their constant innovation, CEMEX aims at being the world\u2019s most efficient and innovative building materials company.\u00a0 With CEMEX Ventures, we get closer to startups and entrepreneurs working on disruptive solutions that fit this purpose, not only for our benefit, but to promote real change in the industry by implementing new technologies into it\u201d expressed Gonzalo Galindo<\/strong><\/a>, Head of CEMEX Ventures.<\/p>\n

With the expertise and worldwide presence of CEMEX, CEMEX Ventures identified the main pain points in the global construction value chain and designed a strategy that allows them to search for startups around the world that are working on solving these issues. Their very successful open call for startups, Construction Startup Competition,<\/strong> has contributed to the development of a construction technology ecosystem of over one thousand startups in 80 countries.<\/p>\n

Solutions for Industry Needs<\/h2>\n

For Construction Startup Competition 2020<\/strong>, Ferrovial, Hilti, Vinci Group\u00b4s Leonard and Nova by Saint-Gobain joined CEMEX Ventures in one of the biggest alliances amongst industry leaders. Their global presence promises to bring the biggest edition of the competition to date.<\/p>\n

\u201cThe industry needs to be more technological, less fragmented, more efficient, and promote sustainable ways of building. By coming together, we highlight the spirit of collaboration in the sector, and prove that big corporations are in the lookout of new business models to make sure we are answering to the current needs of the industry\u201d said Cristina Aparicio<\/strong><\/a>, Insight and Business Development Director at CEMEX Ventures , who also leads the lookout for new startups with disruptive and innovative ideas in the company, year-round.\u00a0<\/p>\n

Construction Startup Competition 2020 is looking for startups that offer solutions to the industry\u2019s most pressing challenges today:<\/p>\n