Industry News AI recruitment platform helps UK

economy during COVID-19 Looking to make a difference in the world crisis triggered by Covid-19, Re- cruitment Smart has been awarded, by Innovate UK for its AI enabled offering called the ‘Talent Support Platform’. The platform helps to match talent with available opportunities and aims to move a minimum of 100,000 can- didates into appropriate employment every year, yielding an expected year- 5 post-project return of £10M in the UK. It is the first of its kind and seam- lessly brings all stakeholders together for uninterrupted movement between talent and job roles. It greatly reduces the operational and transaction costs while optimising the talent supply chain. In the words of Innovate UK Execu- tive Chair Dr. Ian Campbell – “In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emer-

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gency but one that impacts society and the economy”. He also added that – “An AI recruitment platform that will move a minimum of 100,000 candi- dates into appropriate employment every year, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic devel- opment. Each one is also helping to realise the ambitions of hard-working people”.

Pawan Lokwani and Yusuf Jazakallah, Co-Founders of Recruitment Smart added – “We are excited to build the marketplace to help match skills with available job opportunities. The plat- form will especially help the 4M poten- tial furloughed candidates in the UK who can use the platform to find ex- citing job opportunities. Recruitment Smart’s AI platform will be designed to help employers find new opportuni-

ties for the workers they need to let go. It will bring the three stakeholders of employer, employee and potential new employer together onto the platform, allowing seamless movement and lim- iting hiring and operational outlay”. InnovateUK, as part of UK Research and Innovation, invested up to £191 million to fund single and collaborative research and development projects such as the ‘Talent Support Platform’ as part of their Sustainable Innovation Fund over the next two years. The aim of these competitions is to help all sectors in the UK rebuild after the ef- fects of COVID-19. Currently, the Sus- tainable Innovation Fund is funding 1,103 projects, 1189 UK businesses and totalling over £130 million in sup- port across the UK.


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