Consulting and auditing firm PwC Singapore has launched the new Venture Hub, which will serve as a one-stop shop for investors and entrepreneurs active in the start-up space.
PwC said that the new Singapore hub will serve as a gateway for clients to connect to other regional and global markets.
It would delve into areas beyond the traditional fintech space and explore disruptive technology in several areas including Biomedicaltech, Regtech, Wealthtech, and Legaltech.
The team, based in Singapore, will be led by PwC Venture Hub leader Patrick Yeo.
Commenting on the new hub, Yeo said: “With this one-stop shop model, the stakeholders have a lot more flexibility when they come to us for advice – be it business strategy, global market access, financing, regulatory compliance, etc.
“It doesn’t matter which area of expertise they need help with – all they have to do is get in touch with anyone from PwC’s Venture Hub and expert advice will be a mere step away. Traditionally, professional services firms like us are known to be costly and rigid, but with PwC’s Venture Hub, we are open to innovative ways of collaboration.”
Yeo said that the venture ecosystem comprises various types of stakeholders such as start-ups, investors, incubators, accelerators to government agencies.
“In order to effectively meet the needs of the varied stakeholders with speed, agility and efficiency, we felt that the conventional model of how professional services firms provided advice to such stakeholders had to change,” Yeo added.