The first programme under the initiative is the Accelerator for Water Solutions which will focus on start-ups with new ideas to tackle global water challenges such as stormwater, wastewater and potable water management.
CRH owns businesses that are active in the water and utilities sectors and the new accelerator programme aims to nurture start-ups developing the sort of technology that could enhance the CRH offering across North America and Europe.
The first programme will run for up to six months and will offer companies the opportunity to collaborate with specialists from across CRH’s businesses in the water sector.
Eduardo Gomez, head of CRH Ventures, said: “CRH is a market leader in water management solutions and through the CRH Ventures Accelerator for Water Solutions, we will take a step further by partnering with entrepreneurs in the construction technology and climate tech space to create and advance the next generation of solutions needed to address some of the most pressing water problems society faces.”
To participate in the programme, companies must apply through the CRH Ventures website (crhventures.com). Evaluations will take place in June 2023, and the pilot phase will run from July to October 2023.
The companies with the most successful pilots will be reviewed to determine scalability across CRH and potential investment by CRH Ventures.
The Accelerator for Water Solutions is the first of a number of accelerators that CRH Ventures is planning.
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CRH Ventures, a venture capital firm, has announced their latest initiative to finance innovative tech start-ups with the potential to change and disrupt existing markets.
Founded in 2015, CRH Ventures operates across the US, Europe, and Asia Pacific to identify, assess, and invest in cutting-edge technology companies. Understanding the need for early stage capital, the fund supports start-ups with a unique value proposition and strong management teams. The strategic decision to focus on technology centered start-ups allows them to play an active role in a sector rapidly growing in popularity among investors.
In particular, CRH Ventures has made a commitment to investing in female-led or mixed-gender teams. This outreach to female entrepreneurs seeks to align with the company’s mission of providing opportunities irrespective of gender. Additionally, the venture fund consistently seeks to invest in start-ups that target climate change mitigation and health or educational outcomes.
Similar to other venture capital firms, CRH Ventures provides capital and support in the form of mentorship and networking. This allows start-ups to access healthcare, IT, and other essential resources in order to grow and succeed. Furthermore, this global network of experts provides access to technology expertise that could give any start-up the edge it needs to make profound market changes.
By investing in the future of technology, CRH Ventures is spearheading the development of new markets that will shape the way we live and interact. Their focus on investing in female-led teams and technologies that benefit society is a testament to their vision of providing equal opportunities for entrepreneurs of all backgrounds. With their investment support, the future of technology is in good hands.
