This year's Rethink Music Venture Day takes a place at The Factory, the new start-up incubator and tech campus in central Berlin funded by Google and other corporate partners.
“Music entrepreneurs and business start-ups have a key role to play in furthering the music industry, not least in delivering new original services...” Bruno Crolot, director of Midem & Music Markets, said in a statement. “Our annual Rethink Music Venture Day is designed to provide the forum -- and the tools -- to assist these entrepreneurs in developing their ideas and ventures into the successful music businesses of tomorrow.”
Nagual Dance, creators of an “interactive musical experience” that uses technology to create music from dance movements, won last year’s Rethink Music competition. That Berlin based start-up also won the Midem Lab 2014 competition. Its founders will give a presentation and performance at the upcoming Rethink Music event.
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Projects entered into this year’s competition must be "investor ready." Criteria for assessment will include innovation, team, growth potential, and scalability. A short-list of 12 start-up projects will be selected to pitch their ventures at the event to a panel of judges made up of experienced music executives and investors. Finalists will be notified by Oct. 6.
“We had over 300 start-ups and guests from leading international music and creative companies attending last year -- with over 50 entries into our start-up competition," said Allen Bargfrede, executive director of Rethink Music for Berklee. "We expect to grow these numbers this year.”