Construction Startup Competition 2024 gets under way
Construction companies host industry’s biggest competition and network for world’s brightest start-ups
THIS week marked the start of Construction Startup Competition 2024, the biggest competition, network, and platform for start-ups in the construction and cleantech industries.
Prominent industry players and venture capital firms Cemex Ventures, Caterpillar, Dysruptek by Haskell, Ferrovial, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Trimble, and Zacua Ventures are launching the open call for innovative start-ups worldwide as hosts of the 8th edition of the competition.
Construction Startup Competition promotes innovation, collaboration, and technology adoption with solutions that fall under the competition’s four focus areas: Green Construction (sustainability), Enhanced Productivity (efficiency), Construction Supply Chain (on time), Future of Construction (disruptive).
It is also an invaluable tool for start-ups to network with potential clients and partners, earn capital, pilot in global markets, and pitch to active industry investors and potential business partners.
This year, three winners will receive cash prizes at Pitch Day, the final competition milestone, which will be held at the Trimble Dimensions User Conference from 11–13 November 2024.
Over the last seven years, Construction Startup Competition has been a launch pad for almost 3,000 start-ups to facilitate fundraising and gain recognition. The competition has named 36 winners, who have collectively raised more than US$396 million in financing.
More than one third of winners have received investment from and/or are working with one or more of the competition hosts, and three Contech acceleration programmes use the competition as a qualified pipeline to build their cohorts.
‘Every year we receive hundreds of applications from Contech and Cleantech start-ups, some of which have gone on to become big names in the industry, receive hundreds of million dollars in investment, and commercialize and expand their companies,’ said Gonzalo Galindo, head of Cemex Ventures.
Start-ups have until 30 June 2024 to apply to the competition.
