CONSTRUCTION STARTUP COMPETITION 2026
Terms & Conditions
(the “Terms”)

  1. Background
    1. Cemex Ventures España, S.L.U. (hereinafter referred to as “Cemex Ventures”) was incorporated in 2016 as the result of the relentless effort of Cemex S.A.B. de C.V. (hereinafter referred to as “Cemex”) to support projects aiming to develop innovative solutions resulting in disruptive changes in the construction ecosystem and to reaffirm the position of Cemex’s group as one of the most innovative in the construction industry. For this purpose, Cemex Ventures was incorporated as the corporate venture capital of Cemex focused on being the leading-edge of innovation and leveraging Cemex’s knowledge of the business, technology, and platforms to lead the next wave of evolution in the construction industry. 
    2. As proof of Cemex Ventures’ support in entrepreneurial innovative solutions, Cemex Ventures launched the first edition of the Construction Startup Competition in 2017. Due to the great success of the nine previous editions, Cemex Ventures is pleased to announce the tenth edition of the Construction Startup Competition for the tenth year in a row. This tenth edition is organized in accordance with these Terms.
  2. Competition objectives
    1. The objective of the Construction Startup Competition 2026 (hereinafter referred to as the “Competition“) is to invite, support and give visibility to global entrepreneurs who are willing to disrupt the construction industry and are interested in accelerating their projects’ development by leveraging Cemex Ventures’ resources and industry knowledge. The Competition also aims to build and maintain a fluid and close relationship between Cemex Ventures and the participants so that they keep each other updated on similar events or relevant news of the construction industry.
    2. The ultimate purpose of the Competition consists in the selection of the most promising Startups that will present their projects at three regional Pitch Day Events: (i) the APAC Pitch Day Event, (ii) the American Pitch Day Event, and (iii) the European Pitch Day Event (please see Section 9.1). Those Startups will be selected based on various criteria such as Startups’ growth potential, business model consistency and escalation feasibility (please see Section 10).
  3. Participants
    1. The Competition is open to any startup – meaning any legal entity with a solution connected to the construction industry that is at an early stage of development (hereinafter a “Startup“) –, submitted by any person with full power and authority to accept the Terms, the Privacy Policy and the Competition Privacy Notice on behalf of the Startup (the Startups participating in the Competition, hereinafter referred to as the “Participants”). Employees of Cemex or any Partner (or any company of their groups (as defined in article 42 of Royal Decree of 22 August 1885 approving the Commercial Code)) are not allowed to participate in the Competition. Participants may be required, at any time, to provide Cemex Ventures with proof that they meet all eligibility requirements for this Competition.
    2. There will be no territorial limitation to participate in the Competition. 
    3. Cemex Ventures reserves the right to disqualify any Participant who, at the sole discretion of Cemex Ventures, (i) cheats or otherwise alters the proper development of the Competition, (ii) engages (or is accused of engaging) in improper practices to increase profitability, (iii) breaches (or is accused of breaching) the applicable law, (iv) does not comply with the Terms or (v) commits (or Cemex Ventures has any suspicions that the Participant may commit) any action or inaction that, in the determination of Cemex Ventures, adversely affects, or otherwise reflects negatively on, Cemex Ventures, the Competition or the Participants of the Competition. For the purposes of this paragraph, the acts or omissions of any founder, employee, officer or director of a Participant will be deemed to be acts or omissions of the Participant itself.
    4. Participants may be subject to a due diligence review by Cemex Ventures at any time to verify compliance with these Terms. Determination of such compliance is at the sole discretion of Cemex Ventures. Cemex Ventures may request, and each Participant shall provide Cemex Ventures with, documents related to the Participant’s performance of the Terms in order to ensure each Participant’s compliance with the same.
  4. Registration
    1. Participation in the Competition is free and does not entail any obligation of relationship between Cemex Ventures (and/or the Partners) with the Participants.
    2. Startups who wish to participate in the Competition must register via Cemex Ventures’ website (by directly accessing https://constructionstartupcompetition.tech, by clicking the “Apply” button at the “Competition” event details section on Cemex Ventures’ website) or via certain Partners’ websites (by accessing the hyperlink to the submission form available on the Competition landing page included on the Partners’ websites). The registration process consists in: 
  1. accepting these Terms, the Privacy Policy (https://www.cemexventures.com/privacy-policy/) and the Competition Privacy Notice (https://constructionstartupcompetition.tech/privacy-policy). By accepting these three documents, Participants confirm that they have read and understood them and that they agree with them. The acceptance of these Terms, the Privacy Policy and the Competition Privacy Notice entails the entering into a binding legal agreement between the Participant and Cemex Ventures governed by their provisions. If any Participant does not agree with these Terms, the Privacy Policy or the Competition Privacy Notice, it will not be able to register in the Competition.
  2. filling in a submission form that will enable the Participants to explain their Startup in detail. Participants must complete all fields of the form in English. In addition, participants will be able to upload any files they may find useful for the assessment of the Startup. Submissions received after the Closing Date (please see Section 9) will be considered invalid and will not be processed or accepted in the Competition. Cemex Ventures does not accept responsibility for any submissions which are lost, delayed, incomplete or otherwise not received, are corrupted or cannot be entered into for technical or other reasons.

Incomplete or illegible submissions, or those non-compliant with the Terms, are invalid. Cemex Ventures has no obligation to inform Participants of any invalid entries. Proof of transmission or electronic delivery will not be deemed to be proof of registration. Cemex Ventures is not responsible for, and will not assist in, resolving any disputes between Participants’ team members.

  1. Participants’ obligations
    1. Each submission must be of Participants’ own creation. By participating in the Competition, Participants certify that they have sufficient ownership of the relevant intellectual property rights and the information provided during the Competition. 
    2. Participants represent and warrant that (1) they do not, and will not during the Competition, (a) infringe any third-party proprietary, intellectual property, industrial property, personal rights or other rights, including without limitation, copyright, trademark, patent, trade secret or confidentiality obligations; (b) otherwise violate any applicable law; and (2) they are not subject to any actual or threatened litigation or claim. Participants are responsible for, and will keep Cemex Ventures and the Partners harmless from, any claim based on (i) any violations resulting in the unauthorized use of a third party’s intellectual property and (ii) compliance with applicable laws. Specifically, Participants also declare that all codes, information, and materials submitted by them during the Competition: 
  1. belong to them;
  2. are not false, inaccurate or misleading;
  3. are not in breach of any applicable laws, regulations, licenses, or third-party rights;
  4. are not harmful, threatening, defamatory, infringing, harassing or racially or ethnically offensive;
  5. do not facilitate illegal activity or depict sexually explicit images;
  6. do not promote violence or discrimination based on race, gender, colour, religious belief, sexual orientation and/or disability; and 
  7. do not cause damage or injury to any person or property.
  1. Liability
    1. Participants shall hold Cemex Ventures and the Partners harmless from and against any and all claims, expenses, and liabilities (including legal fees) arising directly or indirectly from or relating to the participation of the Participant in the Competition, including, but not limited to, claims and damages of any kind to persons and property, defamation, infringement of trademark, copyright, design right or other intellectual property rights and property damage.
    2. Participants acknowledge and agree that views expressed by Cemex Ventures, the Partners and any collaborator or speaker in the context of the Competition are their own, respectively, and should not be relied upon the Participants. Participants acknowledge that any reliance upon any such opinion, advice, statement or information is at their sole risk. Neither Cemex Ventures nor the Partners accept any responsibility or liability for any opinion, advice, statement or information given during or in connection with the Competition.
    3. To the fullest extent allowed by applicable law, Cemex Ventures, the Partners and their related companies shall not be liable to the Participants whether in contract, tort (including for negligence), misrepresentation, restitution or otherwise for any loss of profits; loss of sales or business; loss of agreements or contracts; loss of anticipated savings; loss of income; loss of opportunity; loss of or damage to goodwill; loss of use or corruption of software, data or information; and/or similar losses or pure economic loss, for any indirect or consequential loss, costs, damages, charges or expenses however arising under or in connection with the participation of the Participants in the Competition, provided such damage was not caused by any wilful (dolo) or criminal act.
  2. Intellectual Property Rights
    1. Except as expressly otherwise provided for in these Terms, the sole act of participating in the Competition does not entail the transfer or licence of any intellectual property by the Participants to Cemex Ventures or the Partners.
  3. Personal data
    1. Participants acknowledge and agree that the personal data provided during the Competition will be processed in accordance with these Terms, the Privacy Policy (https://www.cemexventures.com/privacy-policy/) and the Competition Privacy Notice (https://www.cemexventures.com/privacy-notice/). Participants are responsible for obtaining the corresponding authorisations from the individuals whose personal data is shared with Cemex Ventures and the Partners during the Competition so that Cemex Ventures and the Partners are allowed to collect, use, store and transfer such personal data in the terms of the Competition Privacy Notice, the Privacy Policy and these Terms. For this purpose, Participants shall provide any individual whose personal data is shared during the Competition with access to the Privacy Policy (https://www.cemexventures.com/privacy-policy/) and the Competition Privacy Notice (https://www.cemexventures.com/privacy-notice/). Participants will hold Cemex Ventures and the Partners harmless from any liability in this regard.
  4. Competition process

Please note that all the information contained in this Section regarding the Competition schedule, the Prizes, as well as the number of Startups being selected in Phases 1 and 2, attending the Pitch Day Events or being proclaimed Medallists, is indicative and may be amended by Cemex Ventures at any time at its sole discretion.

  1. The Competition will be developed in the following main process stages:
  2. Phase 1 – Application: Participants will have to register their Startups (please see Section 4) within the following period:
  1. Opening date: May 4th, 2026, at 00:00h (UTC/GMT +1) (the “Opening Date”).
  2. Closing date: June 28th, 2026, at 23:59h (UTC/GMT-11) (the “Closing Date”).
  3. Phase 2 – Screening and Selection: June 29th, 2026, to October 6th, 2026 (the “Phase 2”).

During Phase 2, the Participants’ applications will be reviewed by Cemex Ventures and the Partners (please see Section 12) following the selection criteria set out in Section 10 below, with the ultimate objective of selecting the most promising Participants that will present their projects at the Pitch Day Events described in Phases 3, 4 and 5 below. In particular, Cemex Ventures, together with the Partners, will select the most promising Participants from the APAC region to present their projects at the APAC Pitch Day Event (the “APAC Pitch Day Participants”), and the most promising Participants to present their projects at the American Pitch Day Event and the European Pitch Day Event (the “Finalists”).

  1. Phase 3 – APAC Pitch Day Event: During or after Phase 2, Cemex Ventures, together with the Partners, will select the APAC Pitch Day Participants to present their projects at the APAC Pitch Day Event, which is expected to be celebrated in the third quarter of 2026. Each APAC Pitch Day Participant will appoint one member of its team to present its project to a jury appointed by Cemex Ventures and the participating Partners. 

Cemex Ventures shall inform the APAC Pitch Day Participants about the venue and the exact date on which the APAC Pitch Day Event will be celebrated as soon as possible. Travel expenses incurred by the presenter of each APAC Pitch Day Participant to attend the APAC Pitch Day Event will be covered by Cemex Ventures up to a maximum amount to be set by Cemex Ventures at its sole discretion. For the avoidance of doubt, travel expenses will be limited to transportation and lodging expenses and Cemex Ventures shall not bear any costs derived from any changes in the tickets or hotel bookings. All other expenses borne by the presenter of each APAC Pitch Day Participant in connection with their attendance at the APAC Pitch Day Event (e.g. transfers, meals, etc.) will not be covered by Cemex Ventures.

The jury will decide on the most promising Startup(s) of the APAC Pitch Day Event (the “APAC Medallists”) at the end of the APAC Pitch Day Event. The APAC Medallists will be awarded a monetary prize of approximately 10,000 euros in aggregate, to be distributed among the APAC Medallists at Cemex Ventures’ sole discretion (the “APAC Prize”).

After the APAC Pitch Day Event, Cemex Ventures will formally notify the APAC Medallists about the APAC Prize awarded to each of them, and the information required to proceed with the bank transfer. The APAC Medallists will have fifteen (15) calendar days as from such communication to respond to Cemex Ventures accepting the APAC Prize and providing the information required. If an APAC Medallist does not accept or provide all the information needed within such timeframe, it will lose the right to receive the APAC Prize. The APAC Prize is non-transferable and cannot be, under any circumstances, exchanged, altered, or compensated. Cemex Ventures is not responsible for the use made by the APAC Medallists of the APAC Prize. Marketing and/or sale of the APAC Prize is prohibited. Cemex Ventures reserves the right to not distribute the APAC Prize.

Participants are responsible for arranging their own appropriate insurance cover in connection with the attendance at the APAC Pitch Day Event. Cemex Ventures, the Partners, and their related companies, will not be liable for any injury or damage to any person or to any real or personal property howsoever caused (except for any liability that cannot by law be excluded or limited) at the APAC Pitch Day Event.

  1. Phase 4 – American Pitch Day Event: The Finalists allocated to the American Pitch Day Event will present their projects at the American Pitch Day Event, which is expected to be celebrated in the fourth quarter of 2026. For such purpose, each Finalist will appoint one member of its team to present the project to a jury composed by members appointed by Cemex Ventures and the Partners of the Competition. 

Cemex Ventures shall inform the Finalists about the venue and the exact date on which the American Pitch Day Event will be celebrated as soon as possible. Travel expenses incurred by the presenter of each Finalist to attend the American Pitch Day Event will be covered by Cemex Ventures up to a maximum amount to be set by Cemex Ventures at its sole discretion. For the avoidance of doubt, travel expenses will be limited to transportation and lodging expenses and Cemex Ventures shall not bear any costs derived from any changes in the tickets or hotel bookings. All other expenses borne by the presenter of each Finalist in connection with their attendance at the American Pitch Day Event (e.g. transfers, meals, etc.) will not be covered by Cemex Ventures. 

The jury will decide on the most promising Startups of the American Pitch Day Event (the “American Pitch Day Medallists”) at the end of the American Pitch Day Event. The American Pitch Day Medallists will be awarded a monetary prize of approximately 50,000 euros in aggregate, to be distributed among the American Pitch Day Medallists at Cemex Ventures’ sole discretion (the “American Prize”). 

After the American Pitch Day Event, Cemex Ventures will formally notify the American Pitch Day Medallists about the American Prize awarded to each of them, and the information required to proceed with the bank transfer. The American Pitch Day Medallists will have fifteen (15) calendar days as from such communication to respond to Cemex Ventures accepting the American Prize and providing the information required. If an American Pitch Day Medallist does not accept or provide all the information needed within such timeframe, it will lose the right to receive the American Prize. The American Prize is non-transferable and cannot be, under any circumstances, exchanged, altered, or compensated. Cemex Ventures is not responsible for the use made by the American Pitch Day Medallists of the American Prize. Marketing and/or sale of the American Prize is prohibited. Cemex Ventures reserves the right to not distribute the American Prize.

Participants are responsible for arranging their own appropriate insurance cover in connection with the attendance at the American Pitch Day Event. Cemex Ventures, the Partners, and their related companies, will not be liable for any injury or damage to any person or to any real or personal property howsoever caused (except for any liability that cannot by law be excluded or limited) at the American Pitch Day Event.

  1. Phase 5 – European Pitch Day Event: the Finalists allocated to the European Pitch Day Event will present their projects at the European Pitch Day Event, which is expected to be celebrated in the last quarter of 2026. For such purpose, each Finalist will appoint one member of its team to present its project to a jury appointed by Cemex Ventures and the Partners of the Competition. 

Cemex Ventures shall inform the Finalists about the venue and exact date on which the European Pitch Day Event will be celebrated as soon as possible. Travel expenses incurred by the presenter of each Finalist to attend the European Pitch Day Event will be covered by Cemex Ventures up to a maximum amount to be set by Cemex Ventures at its sole discretion. For the avoidance of doubt, travel expenses will be limited to transportation and lodging expenses and Cemex Ventures shall not bear any costs derived from any changes in the tickets or hotel bookings. All other expenses borne by the presenter of each Finalist in connection with their attendance at the European Pitch Day Event (e.g. transfers, meals, etc.) will not be covered by Cemex Ventures.

The jury will decide on the most promising Startup of the European Pitch Day Event (the “European Pitch Day Medallist”) at the end of the European Pitch Day Event. The European Pitch Day Medallist will be awarded a monetary prize of approximately 10,000 euros (the “European Prize”, which, together with the APAC Prize and the American Prize, shall be considered the “Prizes”). 

After the European Pitch Day Event, Cemex Ventures will formally notify the European Pitch Day Medallist about the European Prize, and the information required to proceed with the bank transfer. The European Pitch Day Medallist will have fifteen (15) calendar days as from such communication to respond to Cemex Ventures accepting the European Prize and providing the information required. If the European Pitch Day Medallist does not accept or provide all the information needed within such timeframe, it will lose the right to receive the European Prize. The European Prize is non-transferable and cannot be, under any circumstances, exchanged, altered, or compensated. Cemex Ventures is not responsible for the use made by the European Pitch Day Medallist of the European Prize. Marketing and/or sale of the European Prize is prohibited. Cemex Ventures reserves the right to not distribute the European Prize.

At the sole discretion of Cemex Ventures and the Partners, after the European Pitch Day Event, Participants will have the opportunity to connect with Cemex’s and/or Partners’ network, R&D and marketing team.

Participants are responsible for arranging their own appropriate insurance cover in connection with the attendance at the European Pitch Day Event. Cemex Ventures, the Partners, and their related companies, will not be liable for any injury or damage to any person or to any real or personal property howsoever caused (except for any liability that cannot by law be excluded or limited) at the European Pitch Day Event.

  1. This preliminary schedule of the Phases abovementioned may be amended by Cemex Ventures at any time. In such case, Cemex Ventures shall notify the Participants of such amendments as soon as practicable. 
  2. Further information regarding the Competition process can be found at Cemex Ventures’ website or at the “Competition” event details at Cemex Ventures’ website.
  3. Selection criteria
    1. APAC Pitch Day Participants, Finalists and Medallists will be selected based on the following criteria (among others): (i) relation to the construction industry, (ii) solution of any of the main pain points suffered by the actors involved in the construction value chain and (iii) focus on at least one of the following five opportunity areas (“Focus Areas”):
  4. Preconstruction Tech: Technologies that use data, analytics, and digital planning to improve decision-making before construction begins.
  1. Jobsite Productivity & Building Systems: Solutions that optimize on-site execution by improving labor, equipment, and building system performance.
  1. ClimateTech for the Built World: Technologies that reduce carbon emissions, improve energy efficiency, and enable sustainability across buildings and construction.
  1. Smart Manufacturing & Logistics: Digital and automated solutions that enhance production efficiency, supply chain coordination, and material flows.
  1. Smart Buildings and Infrastructure: Connected systems that use data, sensors, and automation to operate buildings and infrastructure more efficiently, safely, and intelligently.
  1. To be eligible for selection, Participants must also meet the following minimum criteria: (a) the Participant shall have been incorporated from 2017 onwards, (b) the Participant shall fit pre-seed, seed or Series A funding rounds; and (c) the Participant shall have demonstrated market validation and product-market fit..
  2. Startups’ growth potential, business model consistency and escalation feasibility are key areas that will be assessed for each Participant throughout the selection process, together with other criteria that the Competition panel of experts may find to be relevant.
  1. Future editions of the Construction Startup Competition
    1. Cemex Ventures may contact any Participant to invite them to participate in future editions of the Construction Startup Competition.
  2. Partners
    1. Cemex Ventures have entered into a collaboration agreement with the following companies that will, among other things, be involved in the screening and selection of the Participants, will actively participate in the Pitch Day Events (e.g. being part of the jury) and will promote the Competition through branding, marketing and communication campaigns (the “Partners”):
  • SAINT-GOBAIN PERFORMANCE PLASTICS EUROPE SAS, a company organized and existing under the laws of France, having its registered office at Tour Saint-Gobain, 12 Place de l’Iris, 92400 Courbevoie (France), registered at the R.C.S Nanterre under the number 400 470 829;
  • LNRD SAS, a company existing under the laws of France, having its registered address at 1973 boulevard de la Défense, 92000 Nanterre (France), registered at the Nanterre trade and companies register under the number 814 234 142;
  • Ferrovial Corporación, S.A.U., a company existing under the laws of Spain, having its registered address at Calle Príncipe de Vergara, 135, 28002 Madrid, Spain, holder of Tax Identification Number A-85959484;
  • HILTI Corporation, a company existing under the laws of the Principality of Liechtenstein, having its registered address at Feldkircherstrasse 100 – FL 9494 Schaan – Principality of Liechtenstein, holder of Registration number FL-0001.011.557-0;
  • Dysruptek LLC, a company existing under the laws of Delaware, having its registered address at 111 Riverside Ave, Jacksonville, FL 32202, United States of America, holder of Registration number 6889833;
  • Zacua Manco LLC, a limited liability corporation existing under the laws of Delaware, having its registered address at The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware 19801, United States of America, holder of Employer Identification Number 87-2022327;
  • Trimble Inc., a company existing under the laws of Delaware, having a principal place of business at 10368 Westmoor Drive, Westminster, Colorado 80021, United States of America; 
  • Caterpillar SARL, a company existing under the laws of Switzerland, having its registered address at 76 Route de Frontenex, Geneva, CH-1208, Switzerland, holder of Registration Number CHE-104.444.537; and
  • BCA International Pte Ltd, a company existing under the laws of Singapore, having its registered address at 52 Jurong Gateway Road, #11-01, Singapore 608550, holder of Registration Number 200700177D.
  1. Authorizations granted by the Participants
    1. By accepting these Terms, the Privacy Policy and the Competition Privacy Notice, Participants expressly grant the following authorizations:
  2. General authorization to Cemex Ventures to share the information provided during the Competition with companies within the same group.

By accepting these Terms, Participants authorize Cemex Ventures to share all the information provided by the Participants during the Competition and otherwise collected by Cemex Ventures in the context of the Competition (e.g. the APAC Pitch Day Event Content, the American Pitch Day Event Content and the European Pitch Day Event Content) with any company within its group of companies for the purpose of organising and managing the Competition, complying with internal compliance rules, the applicable law and regulations, analysing any potential establishment of business relationships with the Participants, advertising and promoting the Competition and related topics (e.g. top 2026 Construction technology startups), and contacting the Participants for such purposes. 

  1. General authorization to Cemex Ventures to share the information provided during the Competition with the Partners.

By accepting these Terms, Participants authorize Cemex Ventures to share all the information provided by the Participants during the Competition (in particular, the information provided in Phase 1 – Application of the Competition, which shall hereinafter referred to as the “Startup Information”)) with the Partners as long as (i) they are obliged to keep all non-public information secret and confidential, and (ii) they use such information only for the development of the Competition, to analyse potential business relationships with Participants (being expressly hereby authorized to directly contact the Participants for this purpose) and as otherwise provided in these Terms. 

  1. Authorization to Cemex Ventures and the Partners to disclose Participants’ information for communication purposes.

By accepting these Terms, the Participants acknowledge, agree and expressly authorize (with no right to compensation) Cemex Ventures (and any company within its group of companies) and any of the Partners (and any company within its group of companies), without limits to territory or deadline, to set, reproduce and publish the Startup Information, as well as their logo and any other information of the Participants provided during the Competition (that may include individuals’ personal data), through any means (including, without limitation, releases on websites, social media networks and press) and in any format. 

This authorization is granted so long as: (i) the information to be disclosed is generally and publicly available, (ii) Participants’ intellectual property is always respected, and (iii) the purposes of the disclosure are advertising, informative and promotional purposes regarding the Competition or related topics (e.g. top 2026 Construction technology startups). Participants also acknowledge that Cemex Ventures and the Partners may engage suppliers to assist in the advertising, informative and promotional efforts abovementioned. Accordingly, Participants agree and expressly authorize that Cemex Ventures’ and Partners’ suppliers may also publish the Participants’ information and logo in the terms and conditions of this section mutatis mutandis.

In the event that the information was published on corporate websites, Participants shall be entitled to ask the relevant party to erase or update any information of their profile contained on the relevant website at any time without cause. Cemex Ventures and the Partners shall be entitled to erase any information of the Participants from their websites or social media networks at any time without cause.

  1. Authorization to Cemex Ventures to videotape and record the Pitch Day Events.

The APAC Pitch Day Event, the American Pitch Day Event, the European Pitch Day Event, as well as certain preparatory acts (including Participants’ representatives’ participation, image and voice) (respectively, the “APAC Pitch Day Event Content”, the “American Pitch Day Event Content”, the “European Pitch Day Event Content”, and collectively, the “Pitch Day Events Content”) may be videotaped, photographed and recorded by Cemex Ventures (directly or through a service provider) for the purposes of (i) live broadcasting the relevant Pitch Day Event and any other preparatory acts and (ii) issuing press releases, social media announcements and making any other internal or external communication related to the relevant Pitch Day Event, the Competition (including for the purposes of promoting future editions of the Construction Startup Competition) or related topics (e.g. top 2026 Construction technology startups). Cemex Ventures may also share such Pitch Day Events Content with the Partners for the same purposes abovementioned.

By accepting these Terms, Participants expressly authorize Cemex Ventures to (i) (either directly or through a service provider) videotape, audiotape, photograph, record, edit or otherwise reproduce their participation in the APAC Pitch Day Event, the American Pitch Day Event, the European Pitch Day Event, and any other preparatory acts and (ii) share with the Partners the Pitch Day Events Content, for the purposes established above. For these purposes, Participants warrant to Cemex Ventures that they will have obtained the corresponding authorisations from the individuals attending the relevant Pitch Day Event before its celebration.

  1. Authorization to the Partners to reproduce the Pitch Day Events Content.

By accepting these Terms, the Privacy Policy and the Competition Privacy Notice, Participants authorize the Partners to edit and reproduce the Pitch Day Events Content provided by Cemex Ventures for the purposes of issuing press releases, social media announcements and making any other internal or external communication related to the Pitch Day Events, the Competition (including for the purposes of promoting future editions of the Construction Startup Competition) or related topics. For this purpose, Participants warrant to the Partners that they will have obtained the corresponding authorisations from the individuals attending the relevant Pitch Day Event before its celebration.

  1. Since the information provided by the Participants during the Competition may include personal data, Participants shall obtain the corresponding authorisations from the individuals whose personal data is to be shared with Cemex Ventures and the Partners during the Competition so that Cemex Ventures and the Partners are allowed to collect, use, store and transfer such personal data in the terms of this Section, the Competition Privacy Notice, the Privacy Policy and the rest of these Terms.
  2. Participants expressly release Cemex Ventures and the Partners from any claims (i) arising out of the disclosure of their information to the extent Cemex Ventures and the Partners have complied with this Section or (ii) filed by a third-party based on the information provided by the relevant Participant during the Competition.
  1. Tax
    1. The Prizes are governed by Law 35/2006 of November 28 approving the Personal Income Tax (IRPF) and the partial amendment of the Laws on company, non-resident income and wealth tax; Royal Decree no. 439/2007, approving its regulation and subsequent amendments; Royal Decree-Law 5/2004 of March 5, approving the revised text of the Non-resident Income Tax Act (IRNR); Royal Decree 1776/2004 of July 30, approving the Regulation of Non-Resident Income Tax; Law 27/2014, of November 27, on Company Tax (IS); Royal Decree 634/2015 of July 10 approving the Regulation on Company Tax, and therefore, in that case, Cemex Ventures shall be responsible for making the payment on account or the corresponding withholding of the Personal Income Tax (IRPF), Non-Resident Income Tax (IRNR) or Company Tax (IS). 
    2. In accordance with the mentioned regulation, the APAC Medallists, the American Pitch Day Medallists and the European Pitch Day Medallist (collectively, the “Medallists”) are informed that the Prizes granted are considered capital gain subject to withholding tax or payment on account of the aforesaid taxes if the value of the Prizes exceeds three hundred euros (€300), being the base of the withholding tax or payment on account the total amount of the Prize, without deduction of the aforementioned €300. For this purpose the rate of payment on account established by law at any given time will be applied, currently 19% for residents of the European Union or the European Economic Area (Norway and Iceland) provided that for non-residents in Spain, there is effective exchange of tax information with the European Union or the European Economic state they are resident, under the terms provided in section 4 of the first additional provision of Law 36/2006, of November 29, approving measures for the prevention of tax fraud, and 24% for all other non-residents without permanent establishment, unless these last two cases are covered by a Treaty to avoid double taxation signed by Spain, in which event it shall be as specified in that Treaty. 
    3. Any tax consequences on the relevant Medallist’s tax situation as a result of obtaining the Prizes will be borne by the Medallist, thus releasing Cemex Ventures from any liability. For this purpose, upon request, Cemex Ventures will issue and send to each Medallist a certificate with the data corresponding to the Prizes after the end of the calendar year.
  2. Acceptance of the Terms
    1. Registration in the Competition implies the acceptance in full of these Terms by the Participants.
  3. Amendments and cancellation
    1. Cemex Ventures has the right to amend these Terms or cancel the Competition at any time. In such event, Cemex Ventures shall publish the amendments or cancellation on its website. If, after the publication of any amendment of these Terms, a Participant does not expressly cancel its registration it shall be understood that it accepts the amended version of the Terms.
    2. Participants are allowed to modify the information submitted or cancel its registration in the Competition by sending an email to Miguel Carralón (miguel.carralon@cemexventures.com). 
  4. Applicable Law and Jurisdiction
    1. These Terms and any dispute or claim arising out of or in connection with these Terms or their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the Kingdom of Spain. 
    2. Participants hereto irrevocably submit to the exclusive jurisdiction of the Courts of the city of Madrid (Spain) to settle any dispute or claim that arises out of or in connection with these Terms or their subject matter or formation (including non-contractual disputes or claims), expressly waiving any other venue to which they may be entitled by reason of their present or future domicile or by any other cause.
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