EY has just launched its in-house services and business accelerator.
Within EY, Americas Tax Innovation Foundry is responsible for furthering the next generation of tax services EY firms offer clients. The group will be led by Chirag Patel, who recently joined Ernst & Young LLP along with a core team from Highnote Foundry, a business accelerator and venture capital firm that provided entrepreneur-led business building services to startups and Fortune 500 companies.
Specifically, the EY Americas Tax Innovation Foundry will provide EY firms in the Americas with a systematic approach to address the force affecting their clients’ tax liability and functions.
In addition to organic development, the team will also research and explore collaborations between EY and other companies, including startups and academia.
Patel was the managing director of Highnote Foundry since its inception in 2008. Prior to Highnote, he worked for companies such as Oracle, Merrill Lynch Debt Capital Markets, IBM and co-founded such companies as Viant and Vytalize Health.
Another Highnote leader joining Ernst & Young LLP is Illya Rybchin, who was director of that company’s Media & Entertainment practice.