WHAT IS CONSTRUCTION TECH?


ConstructionTech is disrupting an industry that has not majorly changed over the last 50 years. 

Construction Industry Statistics

Construction is one of the largest industries in the United States economy. It employs 6 million people and creates $1 trillion worth of structures each year.

However, Construction industry is one of the least digitized industries, only ahead of Agriculture and Hunting.
-Large construction projects take 20% longer to finish than scheduled and are up to 80% over budget.
-Construction productivity has actually declined in some markets since the 1990s
-Financial returns for contractors are often relatively low—and volatile.
-R&D spending in construction runs behind that of other industries- less than 1 percent of revenues

Where it is headed?

Construction is expected to grow to $1.5 trillion by 2020, and infrastructure construction is growing at a similar rate: by 2030, the global investment in infrastructure will top $70 trillion.

Technology is advanced enough to provide real advantages to that market, and cheap enough that those advantages create real savings.

What Startups Are We Looking For?

NEXT COHORT WILL LAUNCH in February 2018

Interested to participate?

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