Building materials giant CEMEX, through its investment arm CEMEX Ventures, has launched a new accelerator programme for contech startups.
Leaplab leverages CEMEX’s facilities, expertise, and resources to help promising startups in the contech entrepreneurial ecosystem validate and accelerate their value propositions.
In its inaugural edition, Leaplab will connect a cohort of startups with CEMEX business units in six countries for an intensive 14-week program supported by close to 100 experts providing mentorship and real-world experience.
Piloting, testing, and scaling in the construction industry can be costly and time consuming. Barriers to entry can stunt promising ideas before they have a chance to prove their value.
Leaplab is looking to avoid these pitfalls by connecting young startups with CEMEX’s experts and facilities.
Luis Hernández, CEMEX executive vice president of Digital and Organisation Development, said: “CEMEX Ventures Leaplab is the next step in the evolution of our open innovation strategy.
“The intensive acceleration program perfectly complements our open innovation strategy by giving us earlier access to high-potential contech startups.
“By collaborating to test promising value propositions, emerging technologies, and new business models, we are better positioned to continue working with and investing in potential industry disruptors. Innovation is and will remain at the core of everything we do at CEMEX.”
CEMEX Ventures Leaplab will focus on startups that are addressing challenges related to four focus areas: green construction, enhanced productivity, construction supply chain, and future of construction.
Image credit: Blue Planet Studio/Shutterstock
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