PROJECT MUSIC 2017
Project Music - The Accelerator returns in 2017. The program is the first of its kind in the country -
an accelerator designed specifically for music-driven tech startups.
APPLICATIONS HAVE NOW CLOSED
Based on lean startup principles the business curriculum features a deep-dive into customer development, business and financial model options and tools, team building and more. Weekly industry-curriculum includes over 50 panelists, presentations and speakers from active members of the music community.
Project Music provides the education on framing conversations with your stakeholders and then goes the next step by connecting you to those stakeholders. The program is supported by a mentor pool of over 50 business leaders, music industry professionals, startup operators, investor-mentors and service providers.
Participating startups will receive a minimum of $30,000 for 7% equity with an additional 3% equity earmarked for key advisors from the program's mentor pool for a total of 10%. Additionally, there will be at least two, if not three, demo days in three key music cities where startups will have the opportunity to pitch to potential investors and meet with key stakeholders.
TO LEARN MORE ABOUT PROJECT MUSIC,
JOIN US FOR ONE OF OUR INFORMATION SESSIONS!
OCTOBER 27: 2-3 PM CT (conference call & in person)
When is the application deadline?
The deadline to apply is November 4, 2016. We strongly recommend that you submit an application well in advance - the process is rigorous and cannot be completed overnight.
When does the Project Music Accelerator run?
Project Music will run on January 22, 2017 through May 17, 2017.
Where is Project Music located?
We are located in downtown Nashville, Tennessee at the Nashville Entrepreneur Center (EC). Our address is: 41 Peabody St., Nashville, TN. You will have access to workspace throughout the program. Project Music's structure requires you to participate in person on a daily basis at the EC.
Are you accepting companies outside the United States?
Yes! We are accepting companies from outside of the United States. If selected to participate you will most likely be required to establish a U.S. based entity. Non-U.S. residents participating in the program will receive an invitation letter to use for Visa requests.
What makes Project Music different than all the other accelerators out there?
Project Healthcare's value prop is three-fold:
1) Access to industry stakeholders and potential customers. You will spend as much time meeting with and learning from industry mentors, experts and leaders as you will working on the core of your business. This is an 'industry immersive' program.
2) Peer engagement. Project Music is the only accelerator of its kind - ALL participants are working to solve the challenges of the music business through their own ideas. The knowledge and experience sharing among participants stays with you well beyond the 16 week program. We encourage and help you to use an investor mind-set throughout the program to give and receive feedback with your peers.
3) Partner support. This accelerator is supported by the very industry you are working to transform with your startups. New partners join every day and will be announced here. The program is guided by an advisory board of industry leaders with representatives from every sector of the business.
What types of businesses are best suited for the Project Music Accelerator?
The purpose of Project Music is to bring together music, tech, and business leaders to nurture startups with a desire to help innovate in the music industry. The program is open to early stage music tech startups that provide business-to-business, business-to-consumer and marketplace solutions to today's industry opportunities and challenges. Startups applying are required to have a blend of both music and technology in their business model. Ideal candidates are (but not limited to) fan engagement, data capture and analytics, the live music experience, blockchain platforms, distribution, production and beyond.
Is there a requirement for the number of founders I bring to the Accelerator?
Participating startups are required to have at least two co-founders participating full time in the program in Nashville for the 16 week program. The Project Music Accelerator demands are comparable to simultaneously attending college and working a full-time job. You are permitted to have additional remote support during the course of the program.
MENTORSHIP & CURRICULUM
What kind of mentorship, networking, and educational experiences are provided during Project Music?
The Project Music Accelerator provides weekly curriculum in the entrepreneurial process, stakeholder relationships, building and presenting an investable pitch, and the music industry. The program draws from the Nashville Entrepreneur Center’s advisor pool of ~300 startup operators, service providers, and industry and tech experts. You can check out those folks here. An additional group of advisors from the music community joins in support of the Accelerator as industry experts.
How much investment will we receive?
Startups will receive a minimum of $30,000 (up to $50,000 )in funding in exchange for 7% equity and an additional 3% equity reserved for program advisors. The first $25,000 is upon completion of paperwork. With potential additional funds received upon achieving key milestones during the program. We work with you on the front end to establish those milestones.