On the second day of the Inotex 2024 exhibition, Buildsup, which is a specialized innovation institution in the field of construction and infrastructure, was unveiled. According to the Inotex 2024 news headquarters, Shenasa, Kayson and Trigup have jointly launched Buildsup.
According to Iran digital economy annotation, according to the news headquarters of the Inotex exhibition, “Mansour Shirzad”, the vice president of organization development and human capital of Shenasa company, said about this collection at the unveiling ceremony of Builsup: “Building innovation institutions and institution building is one of the issues that we think about in Shenasa. Institution building is very important in Iran’s innovation biosphere, which is not that wide and has not reached enough maturity, contrary to public opinion, and since 2019, we at Shenasa Group have decided to work in the field of institution building. You can see an example of this institutionalization in Buildsup and Investorun.
The vice president of the development of Shenasa believes that many potentials lie in the construction industry, and for this reason, one of the directions of Shenasa is the construction industry.
Shirzad added: “For many years, leading companies like Kayson have done valuable work in the field of research and development, and we have tried to implement ideas in the value chain of the construction industry with our cooperation.”
According to the participants in Buildsup, the Engineering and Construction Innovation Center or Buildsup, with the aim of active, coordinated and extensive interaction with a large network of specialized and efficient human forces, the engineering community, active enterprises, policymakers and various stakeholders in the value chain of the construction and infrastructure industry from On the one hand, the innovation and technology ecosystem actors have been launched on the other hand. The vice president of human capital, Shenasa, said that helping startup teams and building institutions is one of the important issues of building Buildsup.
Reza Sarkhosh, chairman of the board of directors of Kayson innovators, referring to the company’s fifty-year history, said: “When I entered Kayson, I did not imagine that I would spend twenty years of my life in this company. Kayson is truly like family and will soon be celebrating his 50th birthday.” Sarkhosh emphasized that innovation has made Kayson able to progress and survive. The chairman of the board of directors of Kayson innovators, after explaining how Cason developed, said: “We have crossed many obstacles to reach this tea house that we are now. “We have seen war and construction in Kayson and we know that without innovation and attention to research and development, we cannot survive.”
Sarkhosh considered the use of creative forces and innovative ideas as an important part of business and expressed hope for the future of the country’s innovation ecosystem by emphasizing technology and innovation. He said: “We hope that with the cooperation of Shenasa and Trigup, we can institutionalize innovation in the construction industry and take an important step in improving infrastructure.”
Mohammad Boroujerdi, the CEO of Buildsup, further mentioned the story of cooperation and partnership with Kayson, Shenasa and Trigup and said: “The building ecosystem with its 33% share is the biggest driver of the country’s economy, and with its very wide value chain, it has more than 1.5 million human resources. active and despite the bright opportunities; It also faces various challenges.
Among the challenges of this industry, we can mention the 20-30-year sustainability of buildings in our country, while the useful life of buildings in developed countries reaches nearly a century; Also, the significant gap between housing supply and demand; increasing the home ownership index; He pointed out the non-utilization of modern methods for building housing as well as the slow construction speed, the environmental problems of construction projects, the great suffering of customers in their preparation, high energy consumption and vast waste of resources, etc. for this reason, it doubles the necessity of an innovative and out-of-frame approach.
He continued that the success of a start-up requires the support of venture capital and innovative support on the one hand, and entrepreneurial, managerial and technical capabilities on the other hand, and the partnership of Shenasa and Kayson will provide the applicants with a unique opportunity to achieve this goal.
Boroujerdi said that Kayson has more than half a century of successful entrepreneurial experience in this field and has reached the 8th rank of the best international mass builders and the 10th rank of global mass construction designers, and in addition, in 2015, he has reached the 99th rank of international contractors, and also As the first private VC of the country in the years 2021 and 2022, it obtained the first rank of bold investment in the country, and 700 entrepreneurial talents are directly active in its subcategories and 30,000 people are indirectly active; Buildsup’s CEO added: “Shenasa and Kayson conditions have created a unique feature so that Buildsup can accompany and support start-ups in the field of construction and infrastructure.”
Mehdi Oskouei, Trigup’s vice president of investment, also said at the launch of Buildsup: “Trigup started its work in 2016 and has made 63 investments in startups so far.” Oskouei explained that startups have different challenges and Trigup, which is a member of the known group, invests in companies in different areas of information technology, fintech and health.
At the end of the event, Boroujerdi is holding a Startup Buildup event in cooperation with the Presidential Innovation and Prosperity Fund this month and at the same time as this exhibition. In this national event, creative ideas in the construction industry, including new hardware and software technologies such as artificial intelligence, green house, robotics technologies, new financing methods, modern materials and facilities, markets related to this industry; It will be supported and other investors will have the opportunity to participate. He invited all new teams and start-ups and mature teams to register their plans and ideas on the introduced platform of Innovation and Prosperity Fund (trigate.ir/org/inif/) and also (builds-up.com).
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