Job matching algorithm wins £100k funding award from Innovate UK Wednesday 3 December 2014 PDF Print TheJobPost has received a funding award of £100k from the UK's innovation agency, Innovate UK. TheJobPost, which works on a crowdsourcing model, matches employers who have job vacancies with relevant recruitment suppliers based on their specialisms. TheJobPost is currently developing this a more sophisticated matching algorithm to support its unique filtering model, so that the matching process can also take into account whether a recruitment firm has undertaken similar assignments in the past - and whether they are currently in a position to present candidates to fulfil the assignment at that moment in time. "It was a highly competitive process”, said Ken Brotherston, Chairman of TheJobPost. "In order to secure the award, we had to provide a compelling business case with supporting evidence to prove that this was both a feasible project - and that we had the capability to deliver it. We felt that being able to offer a service to employers which matches them with not only relevant recruiters, but also with suppliers which have both proven ability - and the capacity to fulfil an assignment would be a real game changer. Happily Innovate UK agreed and with an initial award of £100k, we now have the additional funding to take this project to completion." Commenting on the funding, Marc Williams TheJobPost's COO and Head of Product Development said: "Our development team has already built a platform that offers a unique supplier filtering process for employers to engage with the most appropriate recruiters - a fact borne out by our industry leading placement rates. This additional funding support from Innovate UK will enable us to take our offering to a whole new level." Ends Notes to Editors TheJobPost provides employers immediate access to every recruitment supplier through one platform using one contract, providing the widest talent pool available for each vacancy posted. For more information, please visit www.thejobpost.co.uk Innovate UK is the new name for the Technology Strategy Board – we’re the UK’s innovation agency, accelerating economic growth. We know that taking a new idea to market is a challenge. We fund, support and connect innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth. For further information visit our website at www.innovateuk.org Tracey Barrett BlueSkyPR 01528 790702 email@example.com www.bluesky-pr.com This press release was distributed by ResponseSource Press Release Wire on behalf of BlueSky Public Relations Ltd in the following categories: Business & Finance, Media & Marketing, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.