The annual competition, now in its eighth edition, received a large number of startup applications from over 70 countries. Startup solutions were categorized into four focus areas that correspond to current pain points in the construction value chain: Green Construction (sustainability), Enhanced Productivity (efficiency), Construction Supply Chain (timeliness), and Future of Construction (disruption).

The most promising startup solutions from each focus area were named Construction Startup Competition 2024’s champions: GScan [Estonia], Kaya AI [US], KRAAFT [France], MIXTERESTING GmbH [Austria], Raise Robotics [US], revitalyze [Austria], Sodex Innovations GmbH [Austria] and Trunk Tools [US].

The eight aforementioned winners will advance to the competition’s final milestone, Pitch Day 2024, and present their solutions to executive representatives from the competition’s partner companies, industry investors and potential business partners at Trimble Dimensions User Conference on November 12 in Las Vegas, Nevada. The three startups with the best pitches will receive cash prizes, be named the gold, silver and bronze medalists, and continue to be evaluated for potential partnership opportunities with the host companies.

Over the last eight years, Construction Startup Competition has been a launching pad for more than 3,500 startups to network, validate their solutions through pilots and deployment projects, gain industry recognition, and facilitate fundraising with the mission to advance innovation in construction and promote the adoption of startup technologies.

The competition is supported by Cemex Ventures, Caterpillar, Dysruptek by Haskell, Ferrovial, Hilti, Leonard by VINCI, NOVA by Saint-Gobain, Trimble and Zacua Ventures.

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The 2022 edition reunites previous partners Dysruptek by Haskell, Ferrovial, GS Futures, Hilti, VINCI Group’s Leonard, and NOVA by Saint-Gobain, and welcomes Black & Veatch, a global engineering, construction, and consulting leader, Procore Technologies, leading US cloud-based construction software, and Zacua Ventures, a fund focused solely on the construction sector.

The global challenge is open for startups in their early stages up to their commercialization phase who have developed innovative solutions that help solve the industry’s main challenges. All participants will be able to apply under four categories: Green Construction, Enhanced Productivity, Construction’s Supply Chain, and Construction Future is Now. The application phase of the competition will remain open until Sept. 4, 2022.

Construction Startup Competition serves as a shortcut for all entrepreneurs who wish to knock on the doors of potential business partners that can help develop their solutions. “Participants can expect to engage with any of the host companies even before the competition comes to an end, going as far as receiving investment or setting up agreements in the months following their application,” said Gonzalo Galindo, Head of CEMEX Ventures. “This competition has served as a shortcut for many startups to connect with top industry investors and begin their successful collaborations, and this year´s lineup guarantees it will be no exception.”

The ten companies will thoroughly evaluate the applications before choosing the winners that will participate in a final Pitchday event in November 2022. The entrepreneurs will get the opportunity to showcase their solution to the competition’s jurors, as well as leading companies and investors from the construction and technology industry.

Construction Startup Competition has seen over 2,000 startups from more than 80 countries participate since its first edition. With more partners joining CEMEX Ventures in the call to disrupt the construction industry, and with investment blooming in the Contech ecosystem, the 2022 edition is calling for all startups in the sector to take on the challenge and participate by applying at www.cemexventures.com/constructionstartupcompetition.

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