Abbey Road launches Europe's first music tech start-up incubatorComments Off on Abbey Road launches Europe's first music tech start-up incubator
London’s historic Abbey Road studios has is investing heavily in the future of music by launching a scheme to support music tech start-ups.
Set up in August, Abbey Road Red is billed as the only music tech start-up incubator in Europe.
It is open to fledgling companies creating innovative technologies for music, as well as academics carrying out research in the same field.
The 84-year-old recording studio, which has played host to music greats from Edward Elgar to the Beatles to Adele, will provide mentorship, advice and a testing ground for products.
Participants in the Red programme will also have access to the facilities inside the Georgian townhouse and help to reach possible customers.
In return, Abbey Road will get a 1% or 2% equity stake in the companies, according to the FT.
Abbey Road itself is owned by Universal Music.
The first business to join the incubator was Titan Reality, which is developing advanced musical interfaces and instruments using patented 3D sensing technologies.
It has done four years of research and development and is now on the brink of launching hardware and software products.
“Titan Reality have big ambitions – and their software platform, built from the ground up to run on most platforms, gives users access to a vast and ever expanding library of instruments and effects, including rare drums and other equipment,” Abbey Road said.
Applications for the March 2016 intake of the programme are open now.