CEMEX, S.A.B. de C.V. 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 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.