Open call for construction tech startups around the world
CEMEX Ventures, CEMEX’s Corporate Venture Capital Unit, has launched the fourth edition of Construction Startup Competition.
After the tremendous growth of its previous editions, Ferrovial, Hilti, VINCI Group’s Leonard, and NOVA by Saint-Gobain joined the competition with the objective of identifying and fostering startups to lead the transformation of the construction industry.
Under the slogan “You are the missing piece”, the five key industry players invite all entrepreneurs worldwide with innovative construction solutions to participate in this year’s edition by submitting their projects before 26 July 2020.
The winners will be evaluated on five areas of opportunity within the industry.
These range from smart cities and buildings to optimisation of supply chain management, construction with innovative materials or methods, and optimisation of productivity, efficiency, and quality in daily project management, among others.
The five industry leaders joined the Construction Startup Competition 2020 to add their weight behind startups, breaking the paradigm of it being one of the most fragmented industries.
With their expertise and resources, they look to boost startups with their vast knowledge of the industry.
Advanced, innovative and technological
“For the past three years, we’ve seen how more startups joined our call on each edition and created an ecosystem of over 1,000 startups in 80 countries.
For this edition of Construction Startup Competition 2020, we made possible the union of five industry leaders in order to really promote a change in our sector that will allow for it to be more advanced, innovative and technological,” stated Gonzalo Galindo, head of CEMEX Ventures.
The global presence of the companies allows startups from anywhere in the world to participate in the competition.
This gives them the opportunity to scale and expand their business to new geographic markets, as well as the possibility of testing and implementing their solutions with any of them.
Their position in the construction value chain gives participants more visibility of the challenges the industry faces and access to important contacts in the sector.
Once all proposals have been evaluated, the most promising startups will engage in a further set of activities, like workshops, pilot projects and investment opportunities, that will allow startups to establish a relationship with industry decision makers.
In this edition of the competition, the winning startups will be invited to Chicago, US, to present their solutions to an audience of global leaders in innovation, investment, and construction, tentatively on 2-3 December 2020.
The Construction Startup Competition 2020 aims to complete a vision of new emerging solutions in the industry, facilitate an efficient review of investment opportunities, and create a community of players committed to solving the industry’s challenges from an innovative, technological, and sustainable point of view.
Interested participants can apply through CEMEX Ventures’ webpage.
How could drones be used in the construction industry?
The use of drones and drone technology including artificial intelligence in several industries has become increasingly popular in recent years. Whether it’s for security purposes or even a bit of fun, drones are a convenient way of monitoring situations from above. So, could this be beneficial to the construction industry? In short, yes, and here are some of the ways the industry can use them.
Whenever a construction project is complete, it’s always important to take images of it looking its best so that the project itself or even a business can be promoted. With drones, the ability to record aerial footage and take photos from the sky adds a new dimension to displaying a construction project. A drone, provided it specced correctly, can capture video and photos in 4K HD from unique angles and provide an interesting perspective on a building project. A drone could be particularly useful to estate agents who are looking to show properties that they are trying to sell.
Occasionally surveyors need to laser scan parts of a building for planning and design reasons. This can be particularly challenging when trying to scan higher parts of a building due to not having a laser scanning tool that can reach. However, laser scanning capabilities in drones mean that they are able to capture things like the exact detail of topography and buildings while also having the ability to point cloud scan, which was previously difficult due to the restricted access of high points on buildings.
In construction, there are often times when a high level of risk is involved. This usually means have to complete certain tasks virtually. Drones can help workers do this through the use of their First Person View (FPV) technology. With this, a drone can stream HD footage to the project team and provide them with a live view of what it is seeing. This can be enhanced further with Virtual Reality (VR) glasses.
Activities on-site don’t always go as planned and if it’s a large site, it can especially difficult for managers and other interested personnel to determine the location of their workers, tools, and vehicles. Thanks to a drone’s ability to be operated remotely, they can provide managers with a birds-eye view of the whole site, as it flies around to each individual area. That way, they can gain a better understanding and awareness of exactly where everything is.
Drones, therefore, have many uses for the construction industry from security to locating specific tools or vehicles, to laser-scanning features, all in 4K HD video. Maybe drones will become the future of not just the construction industry but many others, too.