CEMEX Ventures Celebrates Closing of Its 2018 Construction Startup Competition
- 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.
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- Twitter: @CEMEXVentures
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CEMEX Ventures assumes no obligation to update or correct the information contained in this press release.
CEMEX Ventures
Media Relations
Cristina Aparicio, +34 91 377 9248
aparicio.cristina@cemexventures.com
or
CEMEX
Media Relations
Jorge Pérez, +52(81) 8888-4334
mr@cemex.com
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