in Singapore has launched its Venture Hub, described as a “one-stop shop” for investors and entrepreneurs. The hub will be headed by Patrick Yeo, and based out of Singapore.

PwC’s Venture Hub goes beyond fintech and will also examined sectors such as biomedical technology, legal and regulatory areas where technology can play a role.

“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,” Yeo said.

Banks and other financial sector organisations have been part of a recent trend in fostering innovation to stay ahead of the game in areas such as fintech (for more on this issue, see here). Jurisdictions such as Singapore and Hong Kong have also been keen to be seen in fostering cutting-edge ideas and entrepreneurship around them.

“Against a backdrop of increased regulatory complexity and continuing financial market volatility, venture capitalists are facing significant challenges. To combat this, it is essential to adopt an integrated plan for managing funds, improving portfolio company performance and ensuring smooth transactions,” PwC said in its statement about the hub.

The hub provides services including investment risk assessment; advice on governance, legal and payroll services and regulatory compliance.