Application Deadline: October 16th, 2020
The Music – Tech Innovation Challenge is a competition aimed at identifying and developing innovative solutions across four opportunity areas in the Nigerian music industry that can benefit from the application of technology.
MusicTechSpace in conjunction with CcHUB is running the “Music – Tech Innovation Challenge”. The aim of this challenge is to identify & develop innovative solutions across four opportunity verticals in the Nigerian music industry to make processes more efficient. These four opportunity areas include:
- Legal advisory for artists
- Digitization of label operations
- Artist Management
- Event Management
The overall goal is to find disruptive, market-ready solutions that can be deployed by stakeholders in the music industry.
Key opportunity areas:
01 Label Management
How might we make it easier for music labels to distribute their artist’s music across the continent and efficiently monetize consumption through simpler and more convenient payment systems?
How might we make the process of royalty collection transparent, such that artists and labels are able to keep track of how much they are owed and how much is being owed to contributing parties?
How might we make it easier for creators to instantly register copyright, publishing and mechanical splits at the point of creation?
02 Legal advisory for artists
How might we increase the access to localized legal knowledge governing the Nigerian entertainment industry, such that it is easier for upcoming artists to find legal representation, and also check or confirm that their contracts are fit for purpose?
How might we amplify the work being done by small claims courts in Nigeria so that artists can know they have access to justice to easily and quickly resolve contract disputes?
03 Artist Management
How might we automate the process of artist management, such that managers are more efficient, and have a holistic view of all aspects of all their artists’ careers at all times?
How do we educate artist managers on global music business management best practices, such that they are well-informed early on in their careers?
04 Event Management
How might we enable event managers give brands visibility into credible event reporting data, such that they are able to align with, and sponsor events that capture their target audience?
How might we track all financial transactions within an event space such that event organizers and vendors split revenues equitably according to agreed terms?
Virtual Ideation Workshops
Interested applicants are advised to attend at least one of the virtual ideation workshops. These workshops, moderated by CcHUB and key music industry experts will ensure that startups and teams understand the purpose of the challenge and are able to submit applications that are fit for purpose. The key experts for this challenge include:
- Audu Maikori: Tue, Sep 15, 2pm WAT
- Uduak Oduok: Thu Sep 16, 5pm WAT
- Godwin Tom: Fri, Sep 18, 2pm WAT
- Wale Davies: Mon, Sep 21, 2pm WAT
These workshops will cover:
- In-depth problem identification and clarification (for each opportunity area) by the industry experts
- Tips on our selection criteria
- General Q&A sessions
To sign up for any of the workshops, please click here.
PRIZES
- SupportThe winning teams will receive technical support to build out their products as well as access to market/potential clients.
- FundingThere will be the possibility of funding for exceptional teams that demonstrate potential to scale through direct funding from CcHUB.
For More Information:
Visit the Official Webpage of the Music-Tech Innovation Challenge 2020