Recap Pitch Day | Construction Startup Competition 2023

TL;DR

Viscap, SenseMo, and Conru X are the top three winners of the Construction Startup Competition, showcasing innovative solutions to improve productivity, automation, and efficiency in the construction industry.

Transcript

[Applause] it's my pleasure to welcome you today to the final Milestone of the this construction competition um my name is Gonzalo Galindo from sex vors and here today with Chris we will show you the eight finalist and eight winners of this year's construction competition um this competition is a long process in the making it was in 2017 when we la... Read More

Key Insights

• 👷 Sustainability-focused solutions are prevalent in the construction industry, with sustainability-based solutions being the most favored category in the competition.
• 🤩 Collaboration and digitalization are key drivers of innovation in the construction industry.
• 👷 The construction industry in Latin America presents a significant opportunity for digital transformation, with a large proportion of construction suppliers yet to embrace digital channels.
• 🪛 Automation and AI technologies, such as radar-driven automation and radar-driven AI, hold great potential for improving productivity and efficiency in construction.

Questions & Answers

Q: How does Viscap help architects and contractors select construction materials?

Viscap provides a digital platform that allows architects, contractors, and facilities managers to easily find, compare, and select materials based on their environmental, social, health, and monetary impacts. The platform offers standardized and quantitative information, similar to a nutrition label, making it easier to make informed decisions.

Q: What sets SenseMo apart from other automation solutions for heavy machinery?

SenseMo utilizes radar technology, specifically 3D imaging radar, combined with artificial intelligence to create a comprehensive understanding of the environment. This allows for better scene understanding, segmentation, and classification, enabling automation in challenging conditions where optical sensing systems may fail.

Q: How does Conru X benefit both construction suppliers and real estate developers?

Conru X provides construction suppliers, especially small and medium-sized businesses (SMBs), with a digital marketplace that gives them online presence, lead generation, and data-driven insights to help grow their business. For real estate developers, Conru X offers a platform to easily find and connect with reliable suppliers, ensuring the best quality-price relationship for their projects.

Q: What future developments can we expect from these startups?

Viscap plans to expand its platform by adding features such as multiproject optimization, productivity performance analysis, and CO2 emissions tracking. SenseMo aims to continue developing its radar-driven AI capabilities, including live mapping, localization, and the creation of an end-to-end automation stack. Conru X will focus on scaling across Latin America and further monetizing its marketplace while exploring opportunities in fintech solutions and expanding its geographic footprint.

Summary & Key Takeaways

• Viscap offers a digital ecosystem that simplifies construction material selection by providing standardized and quantitative information on environmental, social, health, and monetary impacts of products.

• SenseMo brings radar-driven automation to heavy machinery, leveraging artificial intelligence to create a deep understanding of the environment and enable full automation in challenging conditions.

• Conru X is a B2B construction marketplace for Latin America that digitizes construction suppliers, providing them with online presence and helping them find and manage clients, while assisting real estate developers in finding the best quality-price relationship for products and services.