At Rize Labs we aim to help find solutions to these problems by inventing, developing, partnering and testing new construction tech, build tech, design tech and environmentally friendly building materials and methods.
The McKinsey Global Institute estimates that the world will need to spend $57 trillion on infrastructure by 2030 to keep up with global GDP growth. This is a massive incentive for players in the construction industry to identify solutions to transform productivity and project delivery through new technologies and improved practices.
The construction industry is ripe for disruption. Large projects across asset classes typically take 20 percent longer to finish than scheduled and are up to 80 percent over budget. Construction productivity has actually declined in some markets since the 1990s; financial returns for contractors are often relatively low—and volatile. “McKinsey”
Projects are ever more complex and larger in scale. The growing demand for environmentally sensitive construction means traditional practices must change. And the shortage of skilled labor and supervisory staff will only get worse. These are deep issues that require new ways of thinking and working.
The construction industry faces a multitude of challenges, from the rising cost of materials to a massive labor shortage, to the impact buildings have on the environment and the need to make buildings resilient to natural disasters. The construction industry as a whole invests less than 1% of revenues on research and development. Just about every other industry industry invest many times that.
We want entrepreneurs to know that we are, “open for business”. Bring us your ideas, your technology and your vision, we will be your first customer, a marquis account, a great partner, and investor.