CalcTree is one of seven contech startups selected from over 185 applicants to participate in Suffolk Technologies' contest-focused Boost Program.
About the Boost program
BOOST is an intense six-week startup accelerator that connects technology startups in the built world with academics. Program partners include Autodesk, Procore, Moog Construction, and more.
💬 “By leveraging Suffolk’s tremendous resources and national platform and partnering with innovative startups through the BOOST program, we are identifying the forward-thinking leaders, organizations, and solutions that will unlock our industry’s potential and eventually help us redefine the built world.”
- Parker Mundt, Vice President of Platform for Suffolk Technologies
About Suffolk Technologies
Suffolk Technologies is the venture investment affiliate of Suffolk Construction, ranked #23 on the Engineering News-Record list of “Top 400 Contractors", with $4.5 billion in annual revenue and 2,400 employees.
Coverage from BusinessWire
The construction industry today faces unique challenges in response to current economic conditions. Among increasing project complexities and a growing urgency for sustainable development, owners and contractors are confronting labor shortages, materials cost escalation, and supply chain disruptions. These significant challenges directly impact project outcomes. A recent survey commissioned by Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, found 75% of construction projects are over budget, and 77% are behind schedule.
Recognizing the immediate need to leverage digital solutions to address labor, supply chain, design, sustainability, and automation goals, three years ago Suffolk Technologies, the venture investment affiliate of Suffolk, created its BOOST program.”
Read more about the announcement from BusinessWire here.
What this means for CalcTree
Participation in the Boost program for CalcTree means:
- A positive signal to market from a known brand not only piloting but also investing in CalcTree
- Support and networks to help get to product/market fit quicker in our primary target market (U.S.)
- Greater credibility when approaching VCs for additional funding in 2023. More on our fundraising plans here