KPMG in Singapore, the local subsidiary of Netherlands-based professional services conglomerate KPMG, has launched an incubator called Digital Village.
Digital Village aims to mentor startups and corporates from an initial idea through to the commercialisation of products that can solve a particular challenge. The first corporate participant is life insurance provider AIA Group.
KPMG hopes the initiative will unite the entire startup ecosystem, including corporations, venture capital firms, research institutions, universities and the public sector.
The incubator will focus on three sectors: fintech, health technology and logistics technology, and will offer expertise on digital strategy, analytics, customer experience, cybersecurity, internet of things and cloud computing.
Consultancy firm Hyper Island will provide induction and master classes, while accelerator Nest will help startups shape up for VC funding. News publication Tech in Asia is also a strategic partner, while local universities will be on hand to assist student entrepreneurs.
Lyon Poh, head of digital and innovation at KPMG in Singapore, said: “Brilliant startup innovations do not always get the attention they deserve. We want to bring these valuable ideas to life, and beyond that, help contextualise their innovations to the challenges of corporate clients.
“If you are a corporate with a business challenge, or a startup with a groundbreaking concept, we want to be your first stop on a digital journey. The result could be innovations that change the very way we work and play.”