Consulting firm PwC has announced the launch of its Venture Hub in Singapore. The firm claims it is the first complete one-stop shop targeted at helping investors active in the start-up space.
Set against a backdrop of increasing regulation and continuing financial market volatility, venture capitalists are facing mounting challenges.
PwC hopes their Venture Hub will provide a single point of access to help develop integrated plans for managing funds, improving portfolio company performance to ensure firm transactions.
Wealthtech, Legaltech and Fintech
PwC’s Venture Hub goes beyond catering to the traditional realm of Fintech and will look at all disruptive technology in areas such as Biomedicaltech, Regtech, Wealthtech, Legaltech amongst others. PwC’ says that Venture Hub is also the gateway for clients to connect to other regional and global markets.
Costly and Rigid
Traditionally, professional services firms like are known to be costly and rigid, but with PwC’s Venture Hub, the firm say they are open to innovative ways of collaboration.
The team will be based in Singapore and headed by Patrick Yeo, (pictured) PwC’s Venture Hub leader. He will be joined by David Fowler, Charles Lim, Ken Ching and Joe Yeo.
«There are many stakeholders in the venture ecosystem ranging from start-ups, investors, incubators, accelerators to government agencies, each playing an important role. 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,» said Yeo.
