It is challenging individuals, inventors, companies or universities to come up with ideas to change the way people think and work in construction.
The move comes as the industry faces intense demands to increase production and build more complex structures, often on brownfield sites in dense busy cities.
“The sheer volume of work going on is testing the industry,” said Rob Perrins, managing director of the Berkeley Group.
“Companies and staff are running flat out to gear up production and tackle the housing crisis.
“The industry is having to work with less experienced people, in multiple languages, with plant and equipment in high demand. That generates fresh hazards in a business that is inherently risky.
“Fundamentally, I don’t believe this is a problem you can solve directly with money. It demands fresh ideas, which is where this Innovation Fund comes in.”
How to apply for innovation funding
Berkeley’s Innovation Fund will make grants of between £250 and £250,000 over the next two years.
Anyone with a bright idea which will lead to safer sites, a healthier workforce or develop the people who work in construction is invited to bid for investment.