|By||http://e27.cohttp://e27.sg/2013/01/23/kalibrr-accepted-into-y-combinator-the-first-philippine-startup-taken-into-the-venture-fund/||| Jan 23, 2013 | Investments & Acquisitions|
Kalibrr is a Philippine startup that aims to bridge the global skills gap problem by providing an education platform for would-be employees in the business process outsourcing (BPO) industry. According to Kalibrr, human capital is among the Philippines’ competitive advantages, particularly with the rising trend in BPO. However, not all prospective employees has the adequate skills set to successfully make it in this industry. As such, the startup provides a skills evaluation and training platform, ensuring that an individual is ready for employment into BPO companies, which usually provide services for foreign firms, such as accounting, HR, customer service, software development, and the like.
“[T]he biggest risk to doing business in the Philippines isn’t natural disasters or corruption – it’s the ability to find enough skilled talent to fill our vacancies,” said Kalibrr CEO Paul Rivera.
Paul added that with the startup’s acceptance into Y Combinator, their goal now is to take advantage of the network of mentors, advisors and investors in realizing Kablirr’s dreams toward success as a business and as a catalyst for change amongst the Filipino middle class. ”We’re extremely proud to be the first company in the Philippines to be recognized as a worthy contender on Y Combinator’s global stage.”
Twice a year, Y Combinator invests a small amount of money (averaging US$18,000) into a large number of startups on a global scale. Entrepreneurs move to Silicon Valley for a three-month mentorship program to improve their businesses and pitches. The cycle ends in “Demo Day” where the startups involved get to present to a large number of investors.
Kalibrr believes that BPO is one of the biggest drivers of the Philippine economy today, and has worked with local government units and local businesses in promoting their goal in improving human capital in the country. The startup’s business model is mainly based on subscriptions from partner BPO companies, which pay for each trained candidate successfully hired as an employee.