Suffolk Technology announces 5 finalists for Boost program

Dive Quick:

  • Suffolk Technology, in partnership with Suffolk Capital — a venture capitalist arm of the significant contractor — declared the 5 finalists for its to start with Strengthen system, a mini-accelerator application for construction technology startups.
  • In the four-week plan, the startups’ founders will function with Suffolk leaders, technologies professionals and lecturers to clear up their firms’ difficulties and enable them extend networks and showcase their methods.
  • The 5 startups came from a area of 80 candidates, with an emphasis on layout, supply chain, fintech and environmental spaces.

Dive Insight:

The finalists picked by Suffolk to participate in the Increase method are:

  • Canvas, a design robotics enterprise that seeks to increase productivity on jobsites and shave times and funds off of building initiatives.
  • Diamond Age, a startup that claims it will use automation and robotics to collapse the supply chain of one-family members building, connecting landowners to buyers a lot quicker.
  • Flexbase, an automated payment software program process for contractors that promises faster payments.
  • PassiveLogic, a setting up management software package method crafted with a digital twin foundation and designed to aid with managing buildings — from scheduling by construction and servicing.
  • Thrux, an MEP structure platform developed to aid engineers and contractors url price tag to specs on initiatives, as if “spell checking” them versus feasible code violations.

The Improve software partners Suffolk with the Massachusetts Institute of Technological innovation (MIT) Heart for Serious Estate, Bain Capital Ventures and a new jointly introduced fund from Romulus Cash and EquipmentShare.

The plan will consist of lectures and conversations from Suffolk leaders and MIT professors, dedicated time to exam the finalists’ products and solutions on Suffolk undertaking web-sites, and a showcase working day to allow the startups to share their products with potential sector buyers and companions.

“We have been so amazed with all the startups that applied to our Enhance software and we are thrilled with the finalists we have decided on to supply progressive answers for addressing some of the finest issues in our marketplace,” Jit Kee Chin, main facts and innovation officer for Suffolk reported in the launch.