IIVVY

Iivvy revolutionizes hiring with AI-driven screening and immersive VR assessments, ensuring you find the perfect fit faster and more accurately. Transform your recruitment process with Iivvy!

As Iivvy is currently in the pre-seed, pre-launch stage, we do not yet have revenue or customers. However, we are making progress:
Product Development: We are on track to complete our prototype within the next 10 months.
Team: Assembled a strong founding team
Market Research: Conducted extensive research to validate the need for our solution and identify key market opportunities.
Partnerships: In discussions with several HR platforms to establish strategic partnerships and integrations, joining accelerators

The global HR technology market is experiencing rapid growth, driven by the increasing demand for advanced tools that streamline recruitment and enhance hiring outcomes. IIvvy is strategically positioned to capture a significant share of this market with its unique, technology-driven solutions.

For Employers:

Improved Hiring Accuracy: Leverage AI and VR to make more informed hiring decisions.
Reduced Time-to-Hire: Streamline the recruitment process, saving valuable time.
Enhanced Candidate Experience: Provide a positive and engaging experience for candidates, boosting satisfaction and retention.
For Candidates:

Fair and Transparent Assessment: Ensure an unbiased and clear evaluation process.
Showcase Skills Effectively: Offer opportunities for candidates to demonstrate their abilities.
Better Job Matches: Facilitate more accurate and satisfying job placements.
By addressing the needs of both employers and candidates, IIvvy stands out as a leader in the HR technology market, offering innovative solutions that drive better hiring outcomes.

The global HR technology market is expected to reach $35.68 billion by 2028, driven by the increasing demand for efficient and effective hiring solutions. Traditional recruitment methods are often time-consuming, costly, and prone to biases. Companies struggle with manual resume screening, lengthy interview processes, and subjective candidate evaluations, leading to inefficiencies and suboptimal hiring outcomes. Iivvy is well-positioned to capture a significant share of this growing market with its innovative approach.

Solution: Iivvy offers a cutting-edge recruitment platform that leverages AI technology and VR assessments to automate and enhance the hiring process. Our solution reduces time-to-hire, lowers recruitment costs, and provides a more objective and accurate evaluation of candidates’ skills and fit.

Iivvy’s primary competitors in the recruitment technology space include companies like HireVue, Pymetrics, and Codility. These companies also leverage AI and advanced assessment tools to streamline the hiring process. Additionally, traditional recruitment methods and in-house HR teams represent significant competition, as many companies still rely on these established processes. By offering a unique combination of AI-powered screening and VR assessments, Iivvy aims to differentiate itself and provide a more efficient, cost-effective solution.

Innovative Technology: Utilizes cutting-edge AI and 3D technology for efficient hiring solutions.
Enhanced Candidate Experience: Interactive assessments and custom profiles improve candidate satisfaction and retention.
Data-Driven Insights: Provides valuable analytics to optimize hiring processes and decision-making.
Scalability: SaaS model supports easy scalability for businesses of all sizes.
Comprehensive Solutions: Offers a one-stop solution for various hiring needs, including assessments, certifications, resume writing, and custom profiles.
These features position IIvvy as a leader in the recruitment industry, offering unique and effective solutions that stand out from the competition.

Pricing Strategy:

AI-Powered Screening Service: $500 per month per company
Immersive VR Assessments: $1,000 per month per company
Bundled Package: $1,200 per month per company
Sales Expectations:

Year 1: $500,000 (targeting 50 companies)
Year 2: $1.5 million (targeting 150 companies)
Year 3: $3 million (targeting 300 companies)
Year 4: $5 million (targeting 500 companies)
Year 5: $8 million (targeting 800 companies)

iivvy will generate revenue through subscription-based pricing for our platform, offering different tiers based on the size and needs of the business. Additional revenue streams include customized assessment packages and certification fees.

Product Development:
Prototype Completion: Finalize the development of our AI and VR-driven assessment platform.
Feature Enhancements: Continuously improve and expand product features based on user feedback.
Marketing and Sales:
Marketing Campaigns: Implement strategies to drive customer acquisition and establish market presence.
Sales Team: Build a dedicated sales team to reach potential clients and close deals.
Talent Acquisition:
Hiring: Recruit top talent in AI development, VR technology, marketing, and sales.
Research and Development:
Innovation: Invest in ongoing R&D to stay at the forefront of AI and VR technologies.
Operational Scaling:
Infrastructure: Build the necessary infrastructure to support a growing customer base.
Customer Support: Enhance customer support capabilities to ensure client satisfaction.
This strategic allocation will help us achieve our growth objectives and deliver innovative solutions to our clients

We are offering investors the opportunity to be part of iivvy’s exciting journey to revolutionize the hiring process with AI and VR-driven assessments and certifications. Here are the key details of our offer:

Equity Stake: We are offering 3% equity in iivvy in exchange for $150,000 USD in seed funding. This equity stake will provide investors with ownership in the company and a share of future profits.
Board Participation: Investors will have the opportunity to participate in our board of directors, providing strategic guidance and oversight as we grow.
Preferred Shares: Investors will receive preferred shares, which offer certain advantages such as priority in dividend payments and liquidation preferences.
Milestone-Based Investment: The investment will be structured in tranches, with funds released based on the achievement of specific milestones, ensuring alignment of interests and progress towards our goals.
Exit Strategy: We have a clear exit strategy that includes potential acquisition, IPO, secondary sale, dividends, and strategic partnerships, providing multiple pathways for investors to achieve a return on their investment.
Use of Funds: The funds will be allocated to key areas such as product development, marketing and sales, talent acquisition, research and development, and operational scaling, ensuring that we have the resources needed to achieve our business objectives.
By investing in iivvy, investors will be supporting a company with a strong vision, innovative technology, and a clear plan for growth and success. We are excited about the potential to transform the hiring process and look forward to partnering with investors who share our vision.

Market Adoption: Slow adoption of AI and VR-driven assessments may require significant education and marketing efforts.
Competition: High competition in the HR technology sector from established players and new entrants.
Technological Challenges: Complexity and cost of developing and maintaining cutting-edge AI and VR technologies.
Funding: Challenges in securing sufficient funding for growth and development, especially in early stages.
Regulatory Compliance: Ensuring compliance with data privacy and employment regulations across different regions.
Scalability: Rapid growth may strain operational capabilities, necessitating careful planning and resource management.
Economic Factors: Economic downturns or market fluctuations could impact clients’ budgets and willingness to invest in new technologies.

While we haven’t joined an incubation or acceleration program yet, we are currently in discussions with three interested accelerators. This interest highlights the potential and innovation of our AI and VR solutions in transforming the hiring process. We are excited about the opportunities these programs could bring to further our growth and development.