OUR MISSION MAY BE SIMPLE, BUT THE INDUSTRY’S TASK IS NOT
Conceived in the trenches of URS Corporation and, today, AECOM, AEC Labs has an industry-specific mandate: to identify, analyze, and discuss the early-stage startup companies, trends, and technologies that are disrupting the architecture, engineering, and construction industries. Our team has an extensive, on-the-ground AEC background: we understand tech’s potential and recognize the industry’s pitfalls. We offer a unique blend of expertise and insights that is truly distinct from other AEC players.
But our primary goal is to elevate the conversation around tech in construction and civil engineering – two industries that are notoriously stodgy. Clients are found mostly in the public sector and the pace of innovation and investment in new ideas and technologies has been glacial. Yet America’s infrastructure is crumbling – the American Society of Civil Engineers’ last report card in 2013 graded America’s infrastructure a D+. The 21st-century, then, will demand investment – one way or another – in new roads, bridges, ports, and tunnels to keep up with a United States that will swell in population to nearly 400 million by 2050.
By 2030, the $8 trillion annual construction market will double to over $15 trillion. But less than 1 percent of the construction industry’s annual revenues are invested in technology. So not only is innovation necessary, and inevitable, but technology has a great opportunity to disrupt a huge, high-profile market that is dominated by old-fashioned practices and thinking and has yet to see the type of investment we’ve seen in real estate, insurance, and other aligned sectors.
Indeed, in 2015, according to the business analysis platform CB Insights, construction tech funding grew by a factor of five in 2015 over 2014. So the time is ripe for AEC Labs and its collaborators to roll up their collective sleeves, get to work, and bring the AEC industry into the 21st century.
What we do
Our core AEC Labs team has worked together for over a decade, first in the New York City office of a large international law firm, and then in-house in the legal department of the world’s largest civil engineering company. Our contacts, expertise, and passion for our industry are unmatched. We can’t wait to work with you to transform the built environment.
- Advising early-stage AEC tech startups 25%
- Industry research and analysis 50%
- Speaking engagements 10%
- Networking and contacts 15%
About our team
Stephen Del Percio
Dad, husband, runner, and sports talk radio fanatic, Stephen Del Percio founded AEC Labs in 2016 after a two-year stint inside Amazon.com. A lawyer at AECOM within the corporate Alternative Delivery Legal group and a native of New Jersey, Stephen lives in Seattle with his family, where he enjoys IPAs with an IBU over 70 and rooting against the Seahawks.