Take Your Mixes To The Next Level

Tuesday, October 27, 2015

Abbey Road Launches Music Tech Incubator

Titan Reality Pulse
Abbey Road Red's first investment
The famous Abbey Road Studios has gotten into investing in a big way by launching Abbey Road Red, a music tech-specific incubator for entrepreneurs, researchers and developers.

Backed buy Universal Music Group (which now owns the studio), Red is offering expertise, mentorship, advice and a testing ground for products in exchange for a 1 to 2% equity stake. The incubator has an ambitious agenda of hosting 3 startups every 6 months.

The first project for red is Titan Reality's Pulse, which was on display at the Red launch in the facility's famous Studio 2 last week.

Pulse is a sensor pad and controller that recognizes objects on its surface and in the air, enabling you to play a virtual instrument without having to physically touch a control surface. The device will be released by the end of the year with a retail price of around $1,200 US.

This is a great thing for the music tech industry in that traditional money sources have difficulty grasping the music market and the significance of a product, therefore making the money raising process somewhat harder than other tech segments. Find out more about Abbey Road Red here.


No comments:

LinkWithin

Related Posts Plugin for WordPress, Blogger...