The partnership will see PwC have 'physical presence' at CodeBase in Edinburgh
PwC in Scotland has formed a “strategic alliance” with Europe’s largest incubator CodeBase, the firm has announced.
The partnership will see PwC have “physical presence” at CodeBase in Edinburgh and provide advice on a range of services, centred around the firm’s My Financepartner offering, which provides business advisory services, including cloud-based accounting software, management information reporting and accounting and tax services.
The PwC release said that CodeBase aims to “build and scale the next great tech companies out of Scotland”. CodeBase in Edinburgh houses 90 startups, which together employ more than 600 people.
Douglas Shand, head of innovation at PwC in Scotland said: “I’ve been involved with a lot of startups and scaleups and very often they are companies who initially struggle to justify the cost and complexity of a traditional back office function. Reflecting that, My Financepartner lets them pick and choose what services they may want to use and pay for these as needed on a subscription payment model.
“Some of the work coming out of Codebase is cutting edge stuff and it’s fantastic to be down there, seeing the passion and enthusiasm for what’s being created.”
“We’re not in this for a sales pitch, it’s about offering value and help to companies that are – and soon to be – household names,” Shand added.
Stephen Coleman, CEO and co-founder of CodeBase said: “The partnership with PwC allows us to both accelerate development at Argyle House on our journey to build a tech powerhouse in Edinburgh and for our companies to tap into the firm’s global expertise and networks.”
CodeBase was launched in March 2014 and has since more than quadrupled in size. Over $500m of investment has been raised by companies incubated by the team.