Tech Start-Up Music2text Wins Digital Shoreditch Capital Day
London, 28th May 2012 – Technology start-up Music2text has beaten 40 start ups to win Best Pitch at Digital Shoreditch Capital Day. Music2text were also awarded Best Presentation, presented by Kam Star, Founder of Digital Shoreditch and additionally, the company received a bonus prize from Blick Rothenberg Chartered Accountants, one of the event’s sponsors, which will provide Music2text with enterprise class funding and corporate structure advice.
The 40 start-up technology companies across all industries were invited to pitch their concept to attending venture capitalists and angel investors, an event that is part of the Digital Shoreditch festival. Music2text’s concept is to give labels and artists the ability to sell or promote single tracks and ringtones directly to consumers, using tried-and-tested SMS technology. The company will officially launch early Summer after a considerable development period.
Digital Shoreditch is a festival celebrating the outstanding creative, technical and entrepreneurial talent of East London and Tech City. The festival runs from May 21st to June 1st and highlights the thriving digital and tech talent from Clerkenwell to Stratford, Old Street to Bethnal Green and Dalston to the City and beyond.
The two latest prize wins come not long after Music2text landed the top prize at the 27thMarch Music 4.5 TechPitch Event, organised by 2Pears in association with EMI. James Parton (Head of Marketing, BlueVia and Telefonica) and one of the five judges at the event described Music2text as, “a really simple idea, but the best often are and their SMS business model best suits the immediate needs of the global music industry.”
Said Denver Thomas, CEO of Music2text: “We are very proud to have won these honors and I congratulate Digital Shoreditch for organising such a complex event and making it look easy. To be recognized for achievement, all prior to our official UK launch, is a great sign that we are on track for success.”
Commented Nilesh Shah, Senior Tax Partner at Blick Rothenberg: “Blick Rothenberg is delighted to be supporting such a great technology company as Music2Text. It continues our long tradition of assisting entrepreneurial businesses throughout their business life cycle.”
Our PRS compliant B2B platform has been developed to resolve missing gaps in mobile distribution, marketing and the royalty reporting chain for recorded music.
A label or artist can sell or giveaway tracks direct to consumer with SMS and keep 100% of sales and no credit card is required as the transaction is auto billed to the mobile phone.
That same artist can capture their entire audience not only live from the stage to a mobile database but also from social media, TV/Radio and press interviews.
Fans text the song name of the artists track to a five digit number, they immediately receive an SMS message containing a web link that takes them to the artist mobile music store to download the song.
The mobile database further connects artists to real core fans and the added benefit for labels is the continuously post marketing of new releases, tour info or breaking news to fans with SMS from the Music2text dashboard.
About Blick Rothenberg
Blick Rothenberg is a leading independent firm of chartered accountants. Based in Central London, it offers audit, assurance and business advisory services, as well as advice on corporate and personal tax matters.