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…to encourage young business talent
The Lowde Music Trust has joined forces with Music Week, The Academy of Contemporary Music, PRS for Music Foundation and the UKRD Group to launch its new Music Enterprise Award celebrating young music entrepreneurship.
The Trust is inviting ACM’s brightest talent to bid for a £2,000 cash grant with which to start their very own music business venture.
Winners will also receive a year of mentoring from leading industry specialists, including marketing support, legal assistance, accounting advice and networking opportunities.
Applicants are invited to submit a business plan to a panel of five esteemed music and media moguls, who will review the proposals and draw up a shortlist of five finalists.
The selected entrants will then present a live pitch to a team of judges, who will assess their business acumen by asking questions and offering constructive feedback.
This year’s competition is exclusive to current Second Year Degree students and Degree Alumni (Performance, Production and Business students) at The Academy of Contemporary Music, although the organisers plan to extend the opportunity to all music business hopefuls in 2013.
To submit your business plan visit the Lowde Music Trust Website.
“This Award provides an unparalleled opportunity to gain crucial funding and an array of tools vital for launching a new music business. The current economic climate makes it tough for start-up companies, especially those facing the extra challenges associated with raising cash against a music or creative business. We believe we can offer the right candidates an incredible start, by providing investment, exposure and the benefit of the mentors’ many years of experience.”
Martin Lowde Trust Founder
“We are proud to be working in partnership with ACM and the Lowde Music Trust to support the inaugural year of the Lowde Music Enterprise Award. PRS for Music Foundation supports a wide range of musicians and organisations at the early stages of their development. This award enables us to extend our support of the music industry by offering financial help and other professional development opportunities to talented entrepreneurs at the earliest stage of their career.
Vanessa Reed Executive Director of PRS for Music Foundation