MELBOURNE, AUS. (CelebrityAccess) – The Melbourne Accelerator Program (MAP) today (Oct. 30) announced that it has entered into an agreement with Universal Music Group (UMG) to join its Accelerator Engagement Network.
Since launching in 2012, the UMG supported initiative has backed over 100 start-ups (28 of which were digital music ventures) that have raised more than $70 million in funding, generated over $100 million in revenue, and created over 1000 new jobs.
MAP is the eighth member to join UMG’s Global Accelerator Network and the inaugural member in Australia.
Commenting on the partnership, MAP director Campbell Walshe, said: “We’re very proud to have been selected as Universal Music Group’s partner of choice in Australia.
“The opportunity to access the expertise, mentorship, industry insights and networks of a global entertainment-leader like UMG will be invaluable for any music-related start-ups looking to accelerate their growth, and we’re confident this will help us attract the very best start-up talent within this space.”
Stephen Hunt, Universal Music Australia’s managing director of emerging technology and media, stated:
“UMG Australia is delighted to work with MAP as the first Australian member of the UMG Accelerator Network and we are looking forward to engaging with both the Melbourne and larger Australian start-up ecosystem to foster the next generation of music-related start-ups.”
Other companies in UMG’s Accelerator Engagement Network include Axel Springer and Porsche (Berlin), NYC MediaLab (New York), Sparklabs (Seoul and Taipei), LeanSquare (Belgium), China Accelerator (Shanghai), LINCC (Paris) and The Music Den (Toronto).