Music entrepreneurs and investors start an incubator together with KMH

Photo of
"The Red Cottage" at the KMH campus, Amplify's new home.

"Amplify", Sweden's first incubator for MusicTech companies, now moves to the KMH campus in Stockholm for long-term cooperation.

Amplify will, among other things, help MusicTech companies and creators to develop new products or services in the global music industry and help musicians become better entrepreneurs.

Strong partners like KMH, Sting, Swedbank and Sony Music Entertainment are included from the start.

The first incubator companies Gestrument and Stagecast and the member company We are Voice are in place. Among former companies, you also find the mobile record company Amuse.

Sweden's music life is unique! Whether it concerns creativity, technology, or production, Sweden is world-leading. For a long time, however, an incubator with focus on music has been lacking.

The new KMH is the hub of Sweden's first MusicTech incubator - "Amplify". The purpose is to help young companies develop new products and services in the global music industry. For example, there may be new ways to consume music, music rights management & royalties, data, AI, music education, social platforms and music curation.

Amplify is founded by Martin Gemvik and David Stenmarck and has attached a team that together can give the incubators a strong start position on the market.

Martin Gemvik is one of Sweden's most experienced investors with 25 years of experience in early-stage companies.

David Stenmarck is the founder of, among other things, Ladies Night and Epidemic Sound. David is also a recognized songwriter and producer.

Andreas Liffgarden is the founder and chairman of Soundtrack Your Brand and was an employed at an early stage by Spotify.

Åsa Otterlund is an investor with extensive entrepreneurial experience, including music, media and corporate governance. Åsa Otterlund takes the role of CEO.

Karl Mikael Cakste is an entrepreneur with extensive experience from the media and entertainment industry.

Amplify has now its own premises at KMH's new campus at Valhallavägen 105 in Stockholm. The MusicTech incubator is a natural last step in the chain consisting of KMH's educational offering, KMH's innovation office and now also the incubator business. This is within the framework of KMH's ArtyBusiness idea platform.

Amplify welcomes MusicTech teams from across the country to apply for incubator support.

– We educate music performers and music teachers of the highest quality, says Professor Staffan Scheja, KMH's Pro Vice-Chancellor.

– But today it is not obvious that the only jobs for our students are in permanent ensembles, or as composers, organizers or music teachers. The landscape and prerequisites for music production and music consumption are changing rapidly, and now more and more individuals are looking for an increasingly free music market. Therefore, we want to strengthen the offer to the students with an incubator that has a clear focus on music and the possibilities of music.

About Amplify's other partners:

Sting is a leading accelerator and incubator in the Nordic region, which has worked with over 200 companies since 2002, 68 percent of which are still active and growing. Each year, Sting evaluates about 600 startups. Only the best 5 percent are assumed. Among them are Yubico, Videoplaza, Volumental, Sellpy, Dreams and Karma. Read more at www.sting.co

Swedbank has more than 7 million private customers and approximately 651,000 corporate and organizational customers with 241 offices in Sweden and 141 offices in the Baltic countries. The Group also has operations in the rest of the Nordic countries, the US and China. On March 31, 2017, the balance sheet total amounted to SEK 2,488 billion. Read more at www.swedbank.se

Sony Music Entertainment Sweden AB is one of Sweden's and the world's largest record companies. The company originated as a merging of the two record companies BMG & Sony Music, which took place in 2005. In the autumn of 2008 Sony bought BMG and the company is now named Sony Music Entertainment Sweden AB. Sony Music Sweden represents, among other things, the labels: Columbia, Epic, RCA, Legacy, Arista, Jive, Syco Music and Svedala; And also has close collaboration with the companies Gain, Family Tree, Baba Recordings and Homemade. Read more at www.sonymusic.se

MORE INFO

For more information about the incubator's business and for your interest, please contact:

Martin Gemvik, gemvik@amplifysweden.com, 070-587 9562

Åsa Otterlund, otterlund@amplifysweden.com, 070-299 1550

www.amplifysweden.com

KMH: Peder Hofmann, peder.hofmann@kmh.se 08- 16 18 55


See also article in Breakit (in Swedish).

Uppdaterad 2017-08-18