SUFFOLK’S TECHNOLOGY INVESTMENT ARM LAUNCHES INAUGURAL “BOOST” PROGRAM FOR TECH STARTUPS
Suffolk Capital–Technology announces inaugural four-week program
to help tech startups solve industry challenges, expand networks and showcase solutions
BOSTON, MA, September 9, 2020 — Suffolk Capital-Technology (“Suffolk Tech”), the technology investment arm of innovative construction enterprise Suffolk, announced the launch of its “Boost” program for startups in the built environment. Boost is an intense four-week mini-accelerator program that will bring together promising technology startup founders, Suffolk leaders, industry experts, and academics to solve the startups’ proposed industry challenges, to expand their networks, and to showcase their solutions. Suffolk Tech is launching Boost in partnership with the MIT Center for Real Estate, Bain Capital Ventures, and a new fund to be launched jointly by Romulus Capital and EquipmentShare, to help accelerate the adoption of new technologies in the built environment.
Startups with bold visions for the built environment are encouraged to apply to Boost with their well-defined, industry-specific challenges (i.e. piloting new technology solutions, developing go-to-market strategies, creating product roadmaps, etc.). Boost welcomes solutions at any product development stage, and across all subsectors with emphasis on startups focused on design, supply chain, fintech, and the environment.
Startups selected for the program will have access to Suffolk’s network of industry leaders and experts who will collaborate with them to address their specific challenges. Boost will consist of 1) lectures and discussion sessions led by Suffolk leaders, MIT professors, and industry influencers; 2) dedicated time with the Suffolk CoLab Construction Solution Director who will partner with startups and potentially test their solutions on Suffolk project sites; and 3) Showcases and a Demo Day that will allow startups to share their solutions with targeted industry influencers and investors.
“Suffolk is committed to innovation in the built environment, and we are excited to launch this program to bring together entrepreneurial minds from across the ecosystem to tackle the most challenging problems in our industry,” said Jit Kee Chin, Chief Data and Innovation Officer for Suffolk.
September 8 — Startups can begin applying to Boost by visiting Suffolk-tech.com/Boost
October 23 — Suffolk will announce select startups accepted into Boost
October 26 —Boost official start date
November 23 —Boost culmination and Demo Day presentations
Suffolk is a national enterprise that invests, innovates, and builds. 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, and innovation research/development. Suffolk is a national company with $4.0 billion in annual revenue, 2,500 employees, and main offices in Boston (headquarters), New York, Miami, West Palm Beach, Tampa, Estero, Dallas, Los Angeles, San Francisco, and San Diego. Suffolk serves clients in every major industry sector, including healthcare, science and technology, education, gaming, transportation/aviation, and commercial. Suffolk is privately held and is led by founder, chairman, and CEO John Fish. Suffolk is ranked #23 on the Engineering News Record list of “Top 400 Contractors.” For more information, visit www.suffolk.com and follow Suffolk on Facebook, Twitter, LinkedIn, YouTube, and Instagram.
About Suffolk Capital–Technology (“Suffolk Tech”)
Suffolk Tech is the corporate venture capital arm of Suffolk responsible for investing in technology startups that drive capital efficiency and productivity in the built environment. Suffolk Tech invests in solutions across the building lifecycle, including real estate investment and development, architecture engineering and construction, as well as property management. The team works with tech startup founders with ambitious visions who are innovating business models and technologies to achieve scalable impact. Suffolk Tech is stage agnostic (preference is early stage) and has supported companies ranging from pre-product to more than $100 million in revenue. For more information about Suffolk Tech strategy and investments, visit Suffolk-Tech.com