Startup created by IE University students reaches finals of international competition for innovative new firms

• Madrid-based Tyba  and Barcelona-based Marfeel are the first Spanish startups to reach the finals of the competition organized as part of the annual conference  of prestigious portal The Next Web
• Tyba was set up by three students of IE University’s Bachelor in Business Administration. It is an online junior recruitment platform which permits students and recent graduates to showcase their professional potential.

On April 25 and 26 Eiso Kant (22), Jorge Schnura (22) and Philip Von Have (24), all final-year students of IE University’s Bachelor in Business Administration, will be in Amsterdam to take part in The Next Web’s 2013 Europe Conference. During the conference they will present their businesses alongside a further nine finalists of the TNW Bizspark Startup Rally to an audience of two thousand people, including media representatives and investors from around the world.

The conference is organized by prestigious portal The Next Web, and is a key international event in the field technology start-ups. Last year’s event was followed online by over forty thousand people.

Together with the other finalists, the future IE University graduates will receive tips and a critical overview of their presentation from international mentors, as well as having the opportunity to share their project with investors from around the world.  In addition to the two Spanish firms, the finalists included businesses from the US, Latvia, Netherlands, Estonia, Germany, Austria, France, Norway and the UK. Last year the best projects secured funding totaling over 15 million Euros.

A startup launched by three IE University students 

Tyba is an online recruitment tool that permits students and recent graduates to showcase all their professional potential. Young people have been under-represented in the online talent recruitment revolution. Large firms receive hundreds of applications for every job they offer with CVs that are so similar that it is impossible to do an initial screening, and SMEs do not have enough clout to attract the attention of young candidates, and end up spending a great deal of time and money on the search for talent.

Tyba provides a platform where companies can search for, screen, organize and follow up on potential candidates, making it easy to gain fast access to candidates with innovative profiles. Candidates not only provide a description of their professional and academic achievements, but also present intangibles such as personality traits and what they can contribute to the firm, all key factors when it comes to recruiting young people.

Tyba opened its offices in September of 2011 and now has a team comprising 12 people of nine different nationalities. It has obtained €240,000 in funding to date and is currently in the process of raising further funds with a view to expanding to new markets.