BOSTON--(BUSINESS WIRE)--Suffolk Technologies, the venture capital platform funding the next generation of companies solving built environment challenges, has launched the application process for its fourth annual BOOST program, an intensive six-week program 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 and economic uncertainty intersect to create a challenging time in which to build, the construction industry can benefit greatly from these cutting-edge solutions in sustainability, design, planning, robotics, data analytics, automation and other areas, which will streamline processes and increase productivity.
Throughout the intense six-week program, the startups selected to participate in this one-of-a-kind accelerator will be launched into the built environment with direct access to jobsites, unparalleled operational knowledge and an influential network of industry leaders and academics. This year, Suffolk Technologies has also opened the program to include 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. By convening specialized expertise across the entire industry value chain, the innovative outcomes of BOOST 4 will be shared throughout the built world.
“The BOOST program is unique in how closely it aligns built world startup founders with industry experts and mentors,” said Parker Mundt, Vice President of Platform for Suffolk Technologies. “The exciting addition of Operating Partners to this year’s programming will not only strengthen that connection, but also create a space for visionary and strategic minds to collaborate in an industry that is often guarded when it comes to sharing innovation. We are thrilled to soon welcome a new cohort of BOOST participants and look forward to working alongside them as we reimagine the way we design, construct and operate buildings.”
Eric Whobrey, ARCO Construction’s Vice President of Innovation, added “the BOOST program provides a refreshing take on built world innovation. Suffolk Technologies’ inclusion of Operating Partners like us brings a level of commitment to our industry not seen before. While much of our industry faces similar challenges, the inefficiencies can be felt in disparate ways. The addition of Operating Partners will cultivate new perspectives and help drive widespread innovation with all builders in mind.”
The application window will close at 5:00p.m. ET Friday, July 14, 2023, from which select applicants will move on to 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. The BOOST program, which is a first of its kind construction technology accelerator, was voted a Center for Real Estate Technology & Innovation 2021 Accelerator of the Year. Startups that have participated in BOOST over the past several years have benefitted greatly from the program, with the first three cohorts having collectively raised more than $350 million of venture funding after participating in the program. BOOST alumni companies include startups such as CANVAS, Moxion Power, Passive Logic, Wint, Rugged Robotics, CalcTree, Carbon Title and Qualis Flow (Qflow).
“As the construction industry continues to evolve and embrace new innovation, we’ve seen startups take a lead in addressing some of the built world’s most pressing challenges,” said Sid Haksar, head of construction strategy & industry partnerships at Autodesk. “Suffolk Technologies is providing a platform for entrepreneurial teams to challenge long-standing industry norms and help design and construction teams operate with a new level of efficiency. We’re a proud partner of the BOOST program and its efforts to unite the built world ecosystem and advance the industry forward.”
BOOST is co-presented by its core partners Autodesk, Moog Construction, Holcim, Group AMANA, McCusker-Gill, Inc., Liberty Mutual Insurance, Procore Technologies, Martin Trust Center for MIT Entrepreneurship, Suffolk Construction, Suffolk Design, and Liberty Construction. This year, BOOST also welcomes Operating Partners and sponsors Zwick Construction, Sellen Construction, ARCO, Century Drywall Inc., Feldman Geospatial, JLL/Spark, Gunderson Dettmer, and LMRE.
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 recently 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
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 $5.0 billion in annual revenue, 2,600 employees, and main offices in Boston (headquarters), New York City, Miami, West Palm Beach, Tampa, Estero, Dallas, Los Angeles, San Francisco, and San Diego. 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, government, 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.