Noida based ITCONS e-Solutions Pvt Ltd (www.itconsesolutions.com) nominated for TATA NEN Hottest Startups Awards
Vote online on www.hotteststartups.in. To SMS, type <Hot 63> to 56767
Noida, August 30th, 2008: ITCONS e-Solutions Pvt Ltd, A Noida based software solutions company, which has developed a Recruitment software; An application that empowers companies to automate and streamline recruitment and Staffing business processes for consultants and corporate, has been nominated for the coveted TATA NEN Hottest Startups Awards.
The First ever ‘Public Choice’ awards to recognize India’s new wave of growth, the TATA NEN Hottest Startups is an online contest where people can nominate companies & vote for them both on internet & through SMS.
The Awards are a unique collaboration between the Tata Group, India’s most respected business conglomerate and National Entrepreneurship Network (NEN), the largest representatives of new & future entrepreneurs in India. The Awards aim to showcase and recognize high potential young companies in India, with the goal to attract visibility for over 800 entrepreneurs & their ventures in India, and engage over 5,00,000 people.
The growth and surge of recruiting companies and an ever tightening economy has generated tremendous competition for new market share and customers. Finding out the exact candidate is not only difficult for corporate but also to man power too. To find a potential candidate, there are various ways like job portals, advertisements, head hunting and referencing etc but ultimate success depends on how well the candidate details are being maintained by companies. Even most popular online search portals do not provide solution to manage the offline resumes and candidates records. Most of the organizations use Excel as a tool for managing candidate records; some have gone a step ahead and have developed applications; since application development is not the core business function of recruitment companies and these applications do not help much in meeting out the needs.
Our solution comprising of unique resume parsing utility which helps putting all the required candidate information into centralized database from candidates resumes in various formats without any manual effort. Our comprehensive search option on various parameters makes the search easy. We are coming up with Semantic search engine (SSE). Search on Keyword finds resumes where as SSE will find suitable prospective employees/candidates by matching profiles but not just the keywords only. When a keyword search finds a keyword, it only knows that it found a matching word. It does not know what the word means, or what context it was found in, or what values can be ascribed to the keyword. On the other hand, when the SSE will find a keyword, it will then evaluate all of the relevant criteria based on AI provided to determine if the keyword is a correct match or a false positive (a false positive is an apparent match, which only a human brain can find it to be a false match because the meaning was different than what the intended search); SSE will investigate the context, values and meaning of the keyword to evaluate whether the keyword is an actual match or just a false positive. In addition, the SSE will provide powerful pinpoint search capabilities to recruiters to perform interactive searches.
I would like to thank everyone, who nominated us for this award; these awards keep the startups companies staff all time motivated. My team is excited about this award. I would not hesitate to say that my technical team is doing campaigning more compared to marketing team to ensure that we win the race, says Gaurav Mittal, Founder of ITCONS e-Solutions Pvt Ltd .
The TATA NEN Hottest Startups Awards are designed to engage the public in the selection process. People can nominate and check out the nominations online. Voting can be done online or via sms. Comments can be shared online about the Nominees – people can campaign for their favorite startup, get their friends to vote and participate in Hottest Startup events! People can also enter Lucky Draws to win Hottest Stuff! More information and company profile at www.hotteststartups.in
The structure of the competition ensures both engagement and credibility. After the first round a shortlist of 30 companies will be selected based on the most number of public votes, combined with the highest expert ratings. Finally top 5 winners will be chosen from these 30 companies. The expert judges will be a pool of over 100 people including investors, entrepreneurs, academicians, professionals and representatives across industries.
There are three requirements for participating startups. The company must be: 5 or fewer years old; headquartered in India; and a stand-alone – not a subsidiary or division of a larger company. In addition, the company should be highly innovative, growing rapidly, and have the potential of changing their industry.
Winners of TATA NEN Hottest Startups will receive a potent combination of publicity and business support, designed to spur their growth to the next level.
Prizes in the TATA NEN Startup Awards include:
The Awards has the outcome of directly helping the 30 shortlisted companies, and providing even greater support and visibility to the Top 5 Winners.
The 2008 Tata-NEN Startups Awards will showcase a wide range of high potential startups from multiple sectors, ranging from healthcare, retail, mobile technologies, biotech, hospitality, lifestyle, IT and service providers.
Lending support in the cause are Helion Ventures, Seedfund and Wadhwani Foundation. In addition, all the established entrepreneurial, academic and corporate communities including, Microsoft, IIM-Bangalore, IIM-Ahmedabad, Open Coffee Club chapters, Mumbai Angels, Indian Angel Network, Venture Woods, Proto.in, Kickstart and TiE are partnering in the initiative.
Voting for the TATA NEN Startups Awards opened on August 27, 2008. Last date for sending nominations is October 22, 2008. In phase I, public votes and expert reviews will decide the 30 shortlisted companies, which will be announced on November 6. Phase II will comprise on-ground and online campaigning by the 30 shortlisted startups and culminate into a major voting drive where the public will vote for the Top 5 Winners who will be declared on December 23, 2008.
For more information visit www.hotteststartups.in