It is great to see a group of local companies invest in music technology startups
(PRWEB) October 22, 2014
Project Music is the only concentrated music business accelerator in the country, recently unveiled by the Nashville Entrepreneur Center (EC) and Country Music Association (CMA). Startups from around the world will be invited to apply for the accelerator program. Only six to eight applicants will be selected, and they will each be awarded a minimum of $20,000 investment to start their businesses in exchange for equity. The program leverages the EC’s proven accelerator formula with the industry strength of title partner CMA, for the development of the music industry.
“Nashville has the highest intensity of music industry jobs than any other U.S. city, so whether it is our songwriters, publishers, or music companies, Nashville has it all,” Mayor Karl Dean said. “It is great to see a group of local companies invest in music technology startups. Nashville’s front door for innovation is the EC, and this music accelerator will only enhance our creative economy.”
The seed investment group founders for the accelerator are Creative Artists Agency, Vector Management, Ryman Hospitality Properties, Universal Music Group, Spalding Entertainment, DevDigital, Red Light Management, and Galante Entertainment.
The seed investment group will provide the selected teams with the capital needed to complete the music business accelerator.
Project Music is a 14-week accelerator program that will develop the selected applicants into investable businesses for the music industry ecosystem in Nashville.
The online application process in now open for submission, at http://www.ec.co/projectmusic. Prospective teams have 30 days to complete the process and apply for Project Music.
For more information, and to apply for Project Music, please visit http://www.ec.co/projectmusic.
About the EC:
The EC connects Entrepreneurs with Investors, Mentors and the Critical Resources they need to accelerate the launch of startup businesses. The EC fosters innovation and entrepreneurship by Turning Ideas Into Reality, helping to start businesses and create jobs. As a non-profit 501(c)3 organization, the Center is funded through sponsorships, partnerships, donations and grants. The EC relies on support from leading corporations, successful entrepreneurs and those who have a vested interest in the Center’s success. For more information, visit ec.co.
Founded in 1958, the Country Music Association was the first trade organization formed to promote a type of music. In 1961, CMA created the Country Music Hall of Fame to recognize artists and industry professionals with Country Music’s highest honor. More than 7,400 music industry professionals and companies from around the globe are members of CMA. The organization’s objectives are to serve as an educational and professional resource for the industry and advance the growth of Country Music around the world. This is accomplished through CMA’s core initiatives: the CMA Awards, which annually recognize outstanding achievement in the industry; CMA Music Festival, which benefits music education and is taped for a three-hour TV special; and “CMA Country Christmas,” featuring Country artists performing original music and Christmas classics. All of CMA’s television properties will air on the ABC Television network through 2021. For more information, visit CMAworld.com.