In collaboration with the civic Society of Creativity (Kreativgesellschaft), the Hamburg Ministry of Culture launched a new funding scheme dedicated to innovative start-ups of the music industry. The new “Music Works” accelerator is a format that offers professional support and development opportunities to outstanding business idea. Three teams will be given the chance to participate in the “Accelerator” programme. Applications will close on 31 August 2014.
Improving the business model
From 15 September to 4 October, the programme allows selected start-ups and young companies to improve their business model by offering a wide range of services, including a rent-free work space at Betahaus for twelve weeks a maximum of 5,000 euros per team to purchase services for the development of the company, a total of 3,000 euro per team as a grant for living expenses, and a training program in the form of weekly workshops in co-operation with various local business and industry representatives.
Reeperbahn Festival for free
In addition, the three start-ups will enjoy a free access at Reeperbahn Festival (17-20. September) and its accompanying conference, guest status at “Startups@Reeperbahn“, and participate in the pitch of the final “Music Work Day“, with the chance to win additional 5,000 euro.
Concepts must have good chances of implementation
“Applications are invited from start-up founders or young company with an innovative business model of the music industry, or at least with a strong connection to the music business”, says project coordinator Jenny Kornmacher. The concepts submitted must have a high chance of being implemented. An independent jury will select all entries from a maximum of three business models to participate in the Accelerator programme.
source and further information:
Hamburg Kreativ Gesellschaft