Grant Thornton Lakeba Future Hub

Grant Thornton support of Lakeba’s Future Hub

Recognised for being one of the first technology companies in Australia to have live commercial implementations across a range of sectors, the vision of Lakeba’s Future Hub is to provide a one-stop-shop solution for Australian businesses looking to adopt solutions from conception, to development all the way through to tax, legal and regulatory compliance.

“With the support of Grant Thornton’s technology industry team, the Future Hub will be greatly strengthened with the proven taxation authority and accounting governance leadership Grant Thornton brings to the table,” said Giuseppe Porcelli, CEO and Founder, Lakeba Group.

“Together with our legal partner Piper Alderman, legal experts in the sphere, the additional weight of Grant Thornton in supporting the Lakeba Future Hub means we can genuinely deliver a comprehensive array of expert services geared to drive rapid growth of developments in this market and abroad,” said Giuseppe.

Aryk Bechler, Tax Partner, Grant Thornton, noted the alignment with Lakeba’s Future Hub offers a powerful incentive for progressive business organisations to embrace emerging technology, giving them license to thrive in an ecosystem that delivers on three critical aspects; legal, taxation and the technology development itself.

“The Future Hub brings a new level of support to Australian businesses in the emerging technology sphere. The offer of a one-stop-shop is unlike any other collaboration currently available in the market,” said Aryk Bechler.

“Since launching the Future Hub in July, we are progressively expanding the remit and the scope of partners to further strengthen the development and commercialisation ecosystem. We welcome Grant Thornton’s taxation expertise and greatly value the impact they will bring to the Future Hub,” said Darren Younger, Lakeba’s Growth Officer and Head of Future hub.

Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, forward-looking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions.

Grant Thornton Australia has more than 1,160 people working in offices in Adelaide, Brisbane, Cairns, Melbourne, Perth and Sydney. We combine service breadth, depth of expertise and industry insight with an approachable “client first” mindset and a broad commercial perspective.

More than 50,000 Grant Thornton people, across over 135 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work. Through this membership, we access global resources and methodologies that enable us to deliver consistently high-quality outcomes for owners and key executives in our clients.

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.