OTTAWA, April. 11, 2019 (Press Release) -- BubbleHR Inc. (Corporation 1024807) (“BubbleHR” or the “Company”), developers of the Superhuman Candidate® Video Recruitment System, are pleased to announce the pre-qualification for up to $1 million (CAD) from the federal government’s Build in Canada Innovation Program (BCIP) for testing by the Department of National Defence.
About the Build in Canada Innovation Program (BCIP): The BCIP program helps innovators in four different ways:
- land a first major reference sale,
- sell their innovation, but keep and control the intellectual property,
- get their innovation tested in real-life settings and
- gain feedback to help advance products to market faster.
BCIP Proposal 007 Process: As a BCIP innovator, BubbleHR submitted its proposal to the program in early 2018 once the Company’s applicant tracking system achieved an adequate Technology Readiness Level (TRL). Under call for proposals 007 guidelines, the Company was evaluated on the merit of innovation. Upon pre-qualification, the BCIP program sourced a number of Canadian Government Departments as test partners.
Contract Value: The BCIP program opportunity pays up to $500,000 for non-military innovations and up to $1,000,000 for military innovations. BubbleHR Inc. was pre-qualified under the military component of the BCIP program.
Military Component: There are six priority areas within the military component. These priority areas include (i) Arctic & Maritime Security, (ii) Command & Support, (iii) Cyber-security, (iv) In-Service support, (v) Protecting the Soldiers and (vi) Training Systems. BubbleHR Inc. meets several of these priority areas, specifically: Protecting the Soldiers, Training Systems, and Cyber-security.
“We are excited to pre-qualify for up to $1 million (CAD) for the Military Component of the Build in Canada Innovation Program,” expressed Alexander Desjardins, CEO at BubbleHR Inc. “By taking a sample of a candidate's neutral tone, we were able to determine variation in pitch, speaking rate and energy throughout the interview process. Similarly, when we took a sample of a candidate's neutral facial expression from the start, we could then see variations in mood in response to interview questions. This process strengthned the removal of algorithmic bias by 99%. When it came to drawing mathematical conclusions about a candidate regarding the prediction of their success in the workplace, we were able to conduct an objective assessment."
Alexander Desjardins, CEO
About BubbleHR, Inc. Video Recruitment System
BubbleHR is a Video Recruitment System that models the Superhuman Candidate® for each role by encoding the internal team composition based on hundreds of years of knowledge. Applicants are assessed based on their ability to contribute to the direct needs of the team through a short video interview. A series of short video clips called a Virtual Job Review are distributed to candidates at every touch point, allowing them to experience the job before starting. This creates momentum by simulating face to face interaction, which increases engagement and drives conversion rates. BubbleHR's screening system is based on the job and industry specific metrics, which are tailored with respect to the need of the company without introducing any inadvertent biases. Instead of comparing candidates with each other, BubbleHR’s algorithms solely measure the merits of the candidates and ranks them according to the defined Superhuman Candidate® criteria. For more information, visit: www.bubblehr.com. BubbleHR Inc. were finalists in the 2018 HR Tech Den pitch competition at HR Tech Summit Toronto.
The Build in Canada Innovation Program (BCIP) helps Canadian companies of all sizes move their state-of-the-art goods and services from the laboratory to the marketplace. The program helps innovators land a first major reference sale, sell their innovation, but keep the intellectual property, get their innovation tested in a real-life setting, and gain feedback to help get products to market faster. The program pays up to $500,000 for non-military innovations and up to $1,000,000 for military innovations. Visit: https://www.tpsgc-pwgsc.gc.ca/app-acq/picc-bcip/priorites-priorities-eng.html.
For further information, please contact:
Alexander Desjardins, Investor Relations