Cemex, S.A.B. de C.V. announced the launch of Cemex Ventures, the company’s open innovation and venture capital unit. Designed to lead the evolution of the construction industry, Cemex Ventures 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 of 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. What sets Cemex Ventures apart, noted the company, is its flexible approach to the attraction and generation of innovative ideas that enables 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 Cemex CEO Fernando A. Gonzalez. “By engaging startups, entrepreneurs, universities and other stakeholders, Cemex Ventures will tackle current challenges in the construction environment and shape the industry’s future.”
On March 29, Cemex Ventures will hold the inaugural Cemex Ventures Competition, its first open call for startups, entrepreneurs, innovators and businesses that are exploring new opportunities in any of its focus areas.
For more information on Cemex Ventures, please visit: www.cemexventures.com.