KPMG Singapore has pioneered to fill a crucial gap in the startup ecosystem by launching its Digital Village today. The village will bridge the gap between corporates and startups by allowing corporate customers to access innovative solutions through startups.
Digital Village has been established as a hub for providing innovative solutions to corporate clients by leveraging KPMG’s innovation network, venture capitalists and research institutes. Further, institutes of higher learning and government institutions will be a part of the ecosystem to move in the direction of holistic approach for problem solving. It will cover both virtual and physical space for facilitation of meetings.
According to Lyon Poh, KPMG Singapore’s Head of Digital and Innovation, a lot of corporates focusing on innovation have been constrained by the â€œexpertise, network and environmentâ€. â€œThe Digital Village is the bridge between corporates and start-ups, a more structured way to bring start-up solutions to the corporate world and also for corporates to have access to start-ups more systematicallyâ€¦Most of the time we realise that start-ups have a lot of good solutions but they donâ€™t know where to go and what to solve. So we bring them to the right audience, to the right corporates, to solve the right problems,â€ he added.
Digital Village has focus on the technology sectors associated with finance, logistics and health to begin with. Among its partners are technology giant Microsoft, consulting company Hyper Island, online community Tech in Asia, startup incubator Nest and innovation centre Edge Lab.