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PwC Singapore launches Venture Hub to connect entrepreneurs, investors
PWC Singapore on Tuesday launched Venture Hub, the world's "first one-stop shop targeted at helping investors and entrepreneurs active in the startup and innovation space navigate the complex ecosystem".
This comes four months after KPMG - another of the Big Four professional services firms - launched KPMG Digital Village, a collaborative ecosystem of innovators, investors, and corporates innovating together.
The PwC Venture Hub team will be based in Singapore and headed by Patrick Yeo, PwC's Venture Hub leader.
Mr Yeo said that with Venture Hub's one-stop shop model, stakeholders - from startups, investors, incubators and accelerators to government agencies - will have "a lot more flexibility" when they approach PwC for advice, be it in business strategy, global market access, financing, or regulatory compliance.
He added: "It doesn't matter which area of expertise they need help with - all they have to do is to get in touch with anyone from PwC's Venture Hub and expert advice will be a mere step away".
Mr Yeo noted that professional services firms such as PwC - traditionally known to be "costly and rigid" - had to transform to keep up with the times. That is, they have to be open to innovative ways of collaboration and change the way they provided advice to stakeholders.
PwC's Venture Hub goes beyond catering to the traditional realm of fintech and will look at "all disruptive tech" in areas such as biomedicaltech, regtech (regulation tech), wealthtech, and legaltech amongst others.
PwC's Venture Hub will also connect its clients to other regional and global markets.