CRH Ventures Launches Sustainable Building Materials Accelerator
CRH Ventures, the venture capital arm of CRH, announces the launch of its Sustainable Building Materials accelerator. This initiative aims to nurture innovative startups focused on creating sustainable solutions for the construction sector.
Focus on Sustainable Construction Solutions
The accelerator targets Seed-, Series A-, and Series B-stage companies that offer market-ready products in the construction technology and climate tech sectors. By leveraging CRH's extensive network, the accelerator is set to promote innovative materials and applications designed to reduce emissions and waste while enhancing energy efficiency.
Key Areas of Exploration
CRH Ventures will concentrate on three main areas to drive sustainable construction:
- Sustainable binder solutions— Startups improving the carbon performance and circularity of traditional cement and concrete materials.
- New materials and applications— Companies developing innovative materials or new uses for existing materials to produce unconventional cement or concrete solutions.
- CO2 mineralized materials— Ventures utilizing CO2 in binders, aggregates, or waste to create building materials that facilitate carbon storage.
Supporting Startups for Sustainable Development
This accelerator program will facilitate the growth of startups aiming to leverage the significant market potential for decarbonization. CRH Ventures plans to organize pilot programs for selected applicants, collaborating with commercial users to refine technologies and engage with key partners within the construction industry.
Broader Access to Resources
Participating startups will gain access to CRH’s network of over 200 operating companies. This will allow them to receive advice from CRH experts, identifying mutual advantages that can be utilized to scale their technologies effectively.
Investment Opportunities and Future Prospects
Startups may also become eligible for potential investments from CRH Ventures following the pilot programs. Eduardo Gomez, the Head of CRH Ventures, emphasized the immense potential to reduce construction-related emissions through the accelerator, aimed at achieving innovative solutions tailored to evolving construction needs.
Admissions Open Until December 16
Applications for the Sustainable Building Materials accelerator will be accepted through December 16. The selection process spans November into December, culminating in a live pitch event in early February for approximately 10-12 promising startups.
About CRH Ventures
Launched in 2022, CRH Ventures is dedicated to construction innovation, backed by a substantial investment fund to support ConTech and ClimateTech startups across the construction value chain. By partnering strategically with innovative companies, CRH Ventures aims to drive impactful advancements in building materials.
About CRH
CRH (NYSE: CRH) is a foremost provider of building materials solutions dedicated to enhancing and improving the built environment. With a workforce of about 78,500 and operations in 28 countries, CRH is recognized for its valuable contributions to transportation infrastructure and various construction projects. As a Fortune 500 entity, CRH is continuously recognized for its leadership in sustainability and innovative building solutions.
Frequently Asked Questions
What is the Sustainable Building Materials accelerator?
This accelerator supports startups in developing innovative and sustainable solutions for the construction industry.
Who can apply for the accelerator?
Companies at the Seed, Series A, and Series B stages in construction technology and climate tech can apply.
When is the application deadline?
Applications are open until December 16.
What are the key areas of focus for the accelerator?
The focus includes sustainable binders, new materials, and CO2 mineralized materials for innovative applications.
What investment opportunities are available?
Participating startups may have opportunities for investment from CRH Ventures following participation in pilot programs.