CEMEX launch CEMEX Ventures
New open innovation and venture capital unit to develop opportunities in key focus areas outside company’s core business
CEMEX have launched an open innovation and venture capital unit known as CEMEX Ventures. Designed to lead the evolution of the construction industry, CEMEX say the new unit will leverage the company’s knowledge of the business with new, leading-edge technologies and platforms.
CEMEX Ventures will develop opportunities in key focus areas outside CEMEX’s core business, such as urban development, connectivity improvements within the construction value chain, new construction trends and technologies, and the creation and development of new project finance resources.
According to CEMEX, what sets this new unit apart is its flexible approach to the attraction and generation of innovative ideas that will allow the incorporation of initiatives and projects at any stage of their maturity.
‘Through its open and flexible model, CEMEX Ventures aims to generate insights, nurture ideas, incubate, invest in, and commercialize the most promising solutions, while driving disruptive change in the construction ecosystem and thereby developing new sources of revenue for CEMEX,’ said chief executive officer Fernando A. Gonzalez.
‘By engaging start-ups, entrepreneurs, universities and other stakeholders, CEMEX Ventures will tackle current challenges in the construction environment and shape the industry’s future.’
Later this month (29 March), CEMEX Ventures will hold the inaugural CEMEX Ventures Competition, its first open call for start-ups, entrepreneurs, innovators and businesses that are exploring new opportunities in any of CEMEX Ventures’ key focus areas.