A short deck supporting our pitch for MIT SOLVE 2018

1. MIT SOLVE
Pitch
July 2018

2. One occupation
Linear development path
Single employer
The labor market is changing
Technological displacement
Globalized competition
Alternative work arrangements

3. People are struggling to keep up
26
24
22
20
18
16
14
12
%Unemployed
1995 2000 2005 2010 2015
Youth Unemployment in Euro Area and Upper Middle Income Countries
Labor force participation in the US – 1950 to 2017
Source:BureauofLabor
Statistics
Source:WorldBank
withILOdata

4. There are no shortages of education and
training options

5. Workers lack information and guidance to
identify, decide and execute good career moves
Only 29% of
companies provide
mentoring scheme
Less than 50% of
millennials feel they
have someone to turn
to for professional
advice*
Sources: Deloitte Millennial Survey (2016); Association for Talent Development (2017)
* In Canada, Australia, Germany and France

6. Consequences are acute, especially for those at
risk of displacement
Less career
flexibility
Constrained
incomes
Job dissatisfaction
Poor employment
prospects

7. User inputs
data on skills,
activities and
aspirations
Benchmarking AI
finds profiles of
people in
comparable and
aspirational roles
Reporting tool helps
user identify
preferences,
strengths and
opportunities
Career profile and
benchmarking
guidance applied to
real life through
practical tools
TalentSpotter
Career development powered by AI and Big Data
Our solution?

8. Free talent profile for all users
Scientific framework to inspire reflection
on preferences, strengths and weaknesses
COACH
MENTOR
COUNSELLOR
Rich benchmark covers huge range of
users in comparable and aspirational roles
Practical guidance for anyone to
advance, change role or move location
Ongoing access to resources for building
resume or planning personal development
Links users to optimal occupational and
educational options
TalentSpotter takes the role of coach, mentor and
counsellor, offering practical & actionable support
Expensive: $100 - $300 per
hour
Variable quality of career
coaches
Narrow range of industry
/ occupational experience
Limited access for most
to mentoring
Little support after
formal education
Misaligned incentives:
any job will do
User experience today Experience w/ TalentSpotter

9. We have a bold vision for TalentSpotter’s impact
For individuals
● Improve pay ● Raise job satisfaction ● Enhance
career flexibility ● Increase time in employment
For employers
● Raise productivity
● Improve employee engagement
For economic developers
● Improve employment figures
● Increase labor market
dynamism

10. Significant achievements have been made
towards our goals in year one
 Established and validated underlying framework
 Built prototype tool
 Trialed with users
 Found first paying customers
 Identified and tested acquisition characteristics with key
customer segments

11. Becoming part of the SOLVE community would
help us crush year two
How SOLVE would help
• Guidance and support for product development and
enterprise building
• Partnerships to trial our products and use our data
• Network to establish founding team
• Publicity to reach customers and potential investors
• Access to potential grant funding for AI/ML capabilities

12. Thank you
for
watching