Cemex Ventures celebrates closing of its 2018 Construction Startup Competition

Cemex Ventures commemorates #CXV-Pitchday, 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 multi-disciplinary 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, a platform which 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.

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