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Universal launches startup ‘Accelerator Network’ in bid to find the next Spotify

October 17, 2017

 

Universal Music Group (UMG) has launched a new ‘Accelerator Network’ to help develop music-based startups around the world – and, naturally enough, get in there early before they get big.

 

UMG says it will will work closely with existing entrepreneurial ‘accelerator’ programs around the world to ‘assist in the evaluation and development of music-based start-ups’.

 

From there, UMG will mentoring accepted digital music companies, while its endorsed network of accelerators will ‘guide these new companies in developing, launching and raising funding for innovative new products’.

 

UMG anticipates working with as many as ten programs in the first year of launching the accelerator network.

 

 

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