CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach
November 01 2022 - 8:30AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) and CEMEX Ventures, CEMEX’s
corporate venture capital and open innovation unit, announced the
launch of CEMEX Ventures Leaplab, an intensive acceleration program
for innovative startups that address the critical challenges of the
construction industry.
Leaplab leverages CEMEX’s facilities, expertise, and resources
to help promising startups in the construction technology (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.
“CEMEX Ventures Leaplab is the next step in the evolution of our
open innovation strategy,” says Luis Hernández, CEMEX Executive
Vice President of Digital and Organization Development. “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. 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. The
startups will have quick validation of their business models while
CEMEX remains at the cutting edge of innovation in the Contech
space.
CEMEX Ventures is a key part of CEMEX’s Digital Innovation in
Motion ecosystem, which combines core and open innovation to propel
the construction industry in commercial, manufacturing, and
back-office practices. Through CEMEX Ventures, CEMEX has invested
in some of the most promising companies and technologies in the
industry, particularly those contributing to its Future in Action
commitment to become a net-zero CO2 company by 2050.
About CEMEX
CEMEX (NYSE: CX) is a global construction materials company that
is building a better future through sustainable products and
solutions. CEMEX is committed to achieving carbon neutrality
through relentless innovation and industry-leading research and
development. CEMEX is at the forefront of the circular economy in
the construction value chain and is pioneering ways to increase the
use of waste and residues as alternative raw materials and fuels in
its operations with the use of new technologies. CEMEX offers
cement, ready-mix concrete, aggregates, and urbanization solutions
in growing markets around the world, powered by a multinational
workforce focused on providing a superior customer experience,
enabled by digital technologies. For more information, please
visit: www.cemex.com.
About CEMEX Ventures
Launched in 2017, CEMEX Ventures focuses on helping to solve the
main challenges and capitalize on the opportunity areas in the
construction ecosystem through sustainable solutions. CEMEX
Ventures has created an open and collaborative platform to lead the
revolution of the construction industry by engaging startups,
entrepreneurs, universities, and other relevant actors to tackle
the industry's toughest challenges and shape tomorrow's value
ecosystem. For more information about CEMEX Ventures, please visit
www.cemexventures.com.
CEMEX assumes no obligation to update or correct the information
contained in this press release. This press release contains
forward-looking statements within the meaning of the U.S. federal
securities laws. CEMEX intends these forward-looking statements to
be covered by the safe harbor provisions for forward-looking
statements in the U.S. federal securities laws. These
forward-looking statements reflect CEMEX’s current expectations and
projections about future events based on CEMEX’s knowledge of
present facts and circumstances and assumptions about future
events, as well as CEMEX’s current plans based on such facts and
circumstances. These statements necessarily involve risks and
uncertainties that could cause actual results to differ materially
from CEMEX’s expectations. The content of this press release is for
informational purposes only, and you should not construe any such
information or other material as legal, tax, investment, financial,
or other advice. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20221101005665/en/
Media Relations Jorge Pérez +52 (81) 8259-6666
jorgeluis.perez@cemex.com
Analyst and Investor Relations Alfredo Garza / Fabián
Orta +1 (212) 317-6011 +52 (81) 8888-4327 ir@cemex.com
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