Yesterday, 10 startups presented their innovative business ideas when the Sting program Test Drive AI/Blockchain concluded with a final pitch event. The winner, Anna Rapp and Gig Agency, has developed a product that helps recruiters analyze resumes using artificial intelligence.
There is one dominant challenge in the recruitment and staffing industry today – the daily extremely time-consuming and rigorous process of matching candidates with job openings. Most recruitment firms have an extensive database of candidates but being able to quickly find the perfect candidate when needed isn’t as easy and efficient as it could be.
– I am looking to develop an AI-based solution that will make matching processes significantly more effective by automatically screening resume databases and matching them against job descriptions. Sting Test Drive has given me direct access to how the market could perceive my product through the combined experiences shared by the program leaders and participants. This valuable insight will definitely help me with my future business development, says Anna Rapp, founder and CEO of Gig Agency.
Sting Test Drive is a training program for any entrepreneur with an innovative business idea. During five evening workshops, the participants have been given tools to evaluate their business ideas, and test and develop their business models.
– As always, running the Test Drive program with these newborn teams of enthusiastic entrepreneurs taking their first steps in formulating their future journeys is the best job there is. This time, with focus on AI and Blockchain startups, the discussions have touched everything from the definition of intelligent life to intricate details in business models. So much fun! says Raoul Stubbe, program leader and business coach at Sting.
The program is based on “Lean Canvas”, a graphical strategy tool to develop business models. Theory is mixed with practice, and experienced coaches and industry experts inspire and help the entrepreneurs forward.
The pitch jury consisted of Jane Walerud of Walerud Ventures, Jonas Lindqvist from Sting, and Jens Frid, co-founder of Scaleout and blockchain consultant. Sponsors of the Test Drive program were Flir, the world leader in the design, manufacture, and marketing of thermal imaging infrared cameras, and BlockBlock, the Nordics’ first coworking space for blockchain companies.
The participating startups in Sting Test Drive AI/Blockchain were:
Parkiro is an Artificial Intelligence smart mobility service that provides users with a cheaper, seamless, automatic and smarter parking experience. Parkiro guides users to the nearest and most available parking spot to their final destination, based on real-time data. It enables users to check in and out their vehicle and pay the parking fee automatically. In addition, Parkiro integrates the smart parking solution into public transport systems and positively affects users’ entire journey. www.parkiro.com
Employchain is a mobile application built using a blockchain that radically simplifies the matching process for companies and candidates. Employchain replaces long, written CVs with short, concise profiles. Profiles are created within less than five minutes and only consist of keywords representing skill levels. Companies save substantial time and money checking a candidate’s qualification through a lean and precise database of profiles. Employchain will provide an automated validation of candidates’ qualifications during their study path that guarantees companies the authenticity and accuracy of a candidate’s curriculum. This is achieved by using a newly built blockchain architecture. www.blockchainx.se
Data is not available for management teams to make accurate decisions. There is a problem linked to historical data – things change faster today and management often acts on old data, when its already too late. We help management teams and board members to easily access, understand and share KPIs for each department within the company and make data-driven decisions. The app will collect data from APIs, which will be analyzed by AI (pattern recognition, machine learning).
Finna as an AI assistant is helping investors to make better investment decisions faster. By using natural language processing algorithms to create a knowledge base, Finna scans massive amounts of documents and extract critical and must-know insights in seconds. Overall, Finna can reduce two weeks of work to less than two hours. Primary users are analysts, portfolio managers, and CIOs. www.finna.ai
There is one dominant challenge in the recruitment and staffing industry today – the daily extremely time-consuming and rigorous process of matching candidates with job openings. Most recruitment firms have an extensive database of candidates but being able to quickly find the perfect candidate when needed isn’t as easy and efficient as it could be. Gig Agency is developing an AI-based solution that will make matching processes significantly more effective by automatically screening resume databases and matching them against job descriptions. www.gigagency.se
Health ID is a Life Science startup that specializes in building solutions for medical diagnostics using Artificial Intelligence. Due to expanding health costs, long processes in the healthcare system, a growing population and lack of adequate doctors, it has become harder to continuously monitor one’s health. This is because there are already enough people with health conditions that need immediate medical attention to whom public resources are focused. At Health ID we work to close this gap in healthcare. www.healthid.se
OffRecord is a digital life-career coach, helping people discover what lifestyle they should live to reach their full potential, and how to get it.
Our customers are news providers. They struggle to get personalized, local, and SEO optimized news. It’s expensive and time consuming to write many journalistic angled articles that are different in exact content. We offer just what they need. Based on facts. Personalized, local, and SEO optimized news articles, in the language the prefer, in important domains such as economics, sports, climate, music, weather, real estate and so forth. And we do it fast, and in great extent, at a very low cost. We provide it straight into their system to be published. www.robonews.se
Swapster is a fun and simple app that enables barter. It’s a community-driven marketplace that offers a new way to consume without having to buy anything. It is a platform where unused things can be relocated to others, easily and fun, by swapping them in a community. Swapster will not be valued by its cost structure or paying customers. Swapster is valuable because of the large number of people interacting with the app. The reason is: the network effects and the community that the company creates. The monetization of the app builds upon premium membership and sponsorships. Mission Swapster: In a playful way help our users to become more minimalistic, save money and live climate-smart. www.swapster.se