YCH’s Supply Chain Angels and KPMG Sign MoU to Build Logistics Startup Ecosystem

Singapore, 14 September 2016 – Supply Chain Angels (SCAngels), the venture
arm of YCH Group, has signed a Memorandum of Understanding (MoU) with KPMG in
Singapore’s Digital Village, a symbiotic ecosystem that matches, fosters and
forges innovation ventures between companies and startups. Under the MoU, both
companies will work together to build a robust startup ecosystem with strong
networks so that startups will be equipped to succeed.

Both companies will collaborate on the
following areas:

o   SCAngels and KPMG Digital Village will
support the growth of each other’s ecosystem through the collaboration of
resources

o   KPMG Digital Village will support
SCAngels’ mentorship program through the provision of experienced mentors to
catalyse the growth of start-ups in the program

o   KPMG Digital Village and SCAngels will
work together to solve industry problems, with SCAngels leveraging YCH’s
industry knowledge and experience in supply chain management and logistics to
provide problem statements as well as real life solutioning capabilities to
test bed ideas

o   SCAngels and KPMG will set up a satellite office within KPMG
Digital Village and Supply Chain City respectively. Supply Chain City is YCH
Group’s upcoming flagship facility and headquarters.

James Ong, Partner and Invest Committee Member from SCAngels,
said, “We are delighted to work with KPMG on this initiative. Driving
innovation within Singapore’s supply chain management and logistics industries
is one of SCAngels’ key objectives. Through this collaboration, we will mentor
startups and offer them access to key knowledge and expertise, so that they are
well-placed to succeed.”

Beyond mentorship and access to expertise,
KPMG and SCAngels will adopt an approach that looks at addressing specific
business challenges. This aims to help startups build solutions with a strong
value proposition that is contextualized to the client’s business needs.

Lyon Poh, Head of Digital + Innovation, KPMG
in Singapore said, “Logistics Technology (LogTech) is one of the sectors
identified as part of Singapore’s long-term smart nation vision. It is also one
of the key sectorial focus areas for the KPMG Digital Village. We believe that
our approach of helping logistics companies to address their unique challenges,
coupled with knowledge of industry trends and business issues, will be a good
complement to YCH’s depth of supply chain management experience. This will help
local LogTech startups to focus the potential of their innovation on the
specific needs of logistics companies.”