BOSTON--(BUSINESS WIRE)--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.
