The application process launched this week for
the highly competitive Suffolk Technologies BOOST program, in which
startups gain direct access to jobsites, unparalleled operational
knowledge, and an expansive network of industry leaders
Suffolk Technologies, the venture capital affiliate of Suffolk
that funds the next generation of companies solving built
environment challenges, has launched the application process for
its fifth annual BOOST program. This intensive eight-week program
is designed to ignite growth and equip pioneering built world
startups with the right tools to transform the industry. As
inflation, supply chain challenges, a national labor shortage,
sustainability regulations, and economic uncertainty continue to
present significant challenges to the AECO (architecture,
engineering, construction, and operations) industry, emerging
startups are poised to make a large impact by developing solutions
that address these problems.
Throughout the intense eight-week program, the startups selected
will be launched into the built environment with direct access to
jobsites and testbeds around the world, unparalleled operational
knowledge, and an influential network of industry leaders and
academics. This year, Suffolk Technologies has expanded its network
of Operating Partners, a group of other general contractors,
building owners and operators, real estate services companies,
material providers and trade partners who will engage with this
year’s cohort throughout the program.
“In the fifth year of BOOST, we are excited to harness the
powerful ecosystem that has emerged around this program over the
past few years,” said Parker Mundt, Vice President of Platform for
Suffolk Technologies. “Our 25 alumni remain deeply involved,
alongside more than two dozen global Operating Partners and a
network of industry advisors who are excited to engage with
innovators in our space. Together, they will play pivotal roles in
guiding our new BOOST 5 cohort. We believe this group is poised to
unlock exciting new opportunities for efficiency, cost savings,
sustainability and so many other benefits for the industry as a
whole.”
Startups that have participated in BOOST over the past several
years have benefitted greatly from the program, with the first four
cohorts having collectively raised more than $505 million of
venture funding after participating in the program. BOOST alumni
companies include startups such as CANVAS, Moxion Power, Passive
Logic, Wint, Rugged Robotics, Exodigo, and Trunk Tools.
"We are thrilled to engage with a new cohort of construction
startups and stakeholders,” said Josep Maset, VP Strategy and
Business Performance for Holcim US. “BOOST 4 provided us with the
opportunity to connect with startups, architects, engineers,
contractors and material suppliers to discuss how to leverage
today's technologies. In addition to shaping our external
innovation strategies, BOOST amplifies the necessary development
that Holcim sees in the building material space, and send those
signals to the startup community."
The application window will close at 11:59 p.m. PT on June 15,
2024. A select group of applicants will be invited to participate
in an interview process with Suffolk Technologies to secure a
coveted spot in this year’s program. Successful applications will
highlight team collaboration, well-defined industry challenges that
can be solved by innovative technologies, and bold visions for the
future of the built environment.
BOOST is co-presented by its core partners Autodesk, Moog
Construction, Holcim, Axiom Builders, Group AMANA, McCusker-Gill,
Inc., Liberty Mutual Insurance, Procore Technologies, Suffolk
Construction, Swire Properties, Suffolk Design, and Liberty
Construction. This year, BOOST welcomes back returning Operating
Partners and sponsors including Zwick Construction, Century Drywall
Inc., Feldman Geospatial, Gunderson Dettmer, LMRE, and Thornton
Tomasetti. The program is also excited to announce new partnerships
with RXR, Bouygues, BI Group, Tidhar, Acciona, and The Select
Group, ViaTechnik, and Build Boston.
To learn more about the Suffolk Technologies BOOST program and
to apply, please visit www.suffolktech.com/boost.
About Suffolk Technologies Suffolk Technologies is a
venture capital platform funding the next generation of companies
solving built environment challenges. Suffolk Technologies was
recognized by AGC Partners as the #1 most active construction
technology venture capital investor from 2018 to 2022. Suffolk
Technologies invests in early and growth-stage startups
transforming the built world across real estate and development,
architecture, engineering and construction, property management,
and smart cities. Leveraging Suffolk’s expertise and partner
networks, Suffolk Technologies partners with visionary founders to
accelerate industry-wide adoption of breakthrough innovations
ranging from pre-product to scaled go-to-market. For more
information about Suffolk Technologies strategy and investments,
visit SuffolkTech.com
About Suffolk
Suffolk is a national enterprise that builds, innovates and
invests. Suffolk is an end-to-end business that provides value
throughout the entire project lifecycle by leveraging its core
construction management services with vertical service lines that
include real estate capital investment, design, self-perform
construction services, technology start-up investment (Suffolk
Technologies) and innovation research/development.
Suffolk – America’s Contractor – is a national company with more
than $5.5 billion in annual revenue, 2,800 employees, and offices
in Boston, Massachusetts (headquarters); New York City, New York;
Miami, West Palm Beach, Tampa and Estero in Florida; Dallas, Texas;
Los Angeles, San Francisco and San Diego in California; Portland,
Maine; and Herndon, Virginia. Suffolk manages some of the most
complex, sophisticated projects in the country, serving clients in
every major industry sector, including healthcare, life sciences,
education, gaming, transportation/aviation, federal government and
public work, mission critical and commercial. Suffolk is privately
held and is led by founder, chairman and CEO John Fish. Suffolk is
ranked #8 on ENR’s list of “Top CM-at-Risk Contractors.” For more
information, visit www.suffolk.com and follow Suffolk on Facebook,
Twitter, LinkedIn, YouTube and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240523827760/en/
Media Contact Information: Dan Antonellis
dantonellis@suffolk.com +1 (617) 517 4232