SME Spotlight

YCH unit, KPMG in tie-up to mentor logistics start-ups

Aim is to help drive innovation in S'pore's supply chain management, logistics sectors

The venture arm of logistics player YCH Group, Supply Chain Angels, has inked an agreement with KPMG to build a logistics ecosystem for local start-ups.

The aim of the collaboration is to help drive innovation within Singapore's supply chain management and logistics industries, a release said yesterday.

Local start-ups can tap opportunities to forge innovation ventures with companies and build solutions with strong value proposition for their clients.

One way of collaboration will see KPMG Digital Village supporting Supply Chain Angels' mentorship programme through the provision of experienced mentors to catalyse the growth of start-ups.

Launched earlier this year, KPMG Digital Village is an initiative that allows corporate customers to tap the creative skills of start-ups in order to get access to innovative solutions.

Supply Chain Angels partner and invest committee member James Ong said: "Driving innovation within Singapore's supply chain management and logistics industries is one of our key objectives. Through this collaboration, we will mentor start- ups and offer them access to key knowledge and expertise, so that they are well placed to succeed."

The two parties' approach will also be to address specific business challenges, so that start-ups can build solutions that suit the client's business needs.

KPMG head of digital and innovation Lyon Poh said: "Logistics technology is one of the sectors identified as part of Singapore's long- term Smart Nation vision."

A version of this article appeared in the print edition of The Straits Times on September 14, 2016, with the headline 'YCH unit, KPMG in tie-up to mentor logistics start-ups'. Print Edition | Subscribe