Turner Construction Company launches VC arm to support start-ups

US-based Turner Construction Company has launched a new venture capital business called Turner Ventures, aimed at supporting early-stage start-ups in the sector.

A female Turner construction worker wearing a hard hat and smiling Image: Turner Construction

The company said Turner Ventures would make investments in groundbreaking ideas in artificial intelligence (AI), green energy, and digitalization.

It will focus on two areas in particular:

ClimateTech: Companies with innovations in reducing carbon emissions, improving energy efficiency, and developing sustainable materials.

PropTech: Tools digitalizing workflows, eliminating inefficiencies, and enhancing collaboration.

Jim Barrett, vice president and chief innovation officer at Turner, said, 鈥淥ur industry is evolving at an unprecedented pace, and this shift compels us to invest in solutions that foster a more sustainable future.

鈥淭hrough Turner Ventures, we鈥檙e backing mission-driven startups that share our commitment to innovation and environmental stewardship 鈥� giving them a powerful springboard for market adoption, while providing our clients and partners direct access to the next generation of promising technologies and tools.鈥�

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