ANote Music to receive national funding from Luxembourg’s Ministry of the Economy
Luxembourg, 04 March 2020 – Funding is critical for entrepreneurs and companies who are looking to accelerate their business. For start-ups, there are also the aspects of getting the right market validation and credibility which play an important role in the process of growth. With this in mind, ANote Music is pleased to announce that it has been selected by the Grand-Duchy of Luxembourg’s Ministry of the Economy to receive national funding in order to support research, development and innovation for the company.
Through the Luxembourg national innovation agency – Luxinnovation – all necessary applications were filled in order to meet all the admission criteria for national funding. Eventually the application was approved after an extensive process of reporting and evaluation. The innovation fund budget adapts to the needs of the projects, instead of granting and distributing fixed budgets. The subsidies are to encourage companies, such as ANote Music, to carry out R&D and innovation activities within Luxembourg.
Besides the monetary benefits of getting approved for national funding, the aspects related to market validation and credibility by getting accepted into such a governmental program are truly important for ANote Music. Over the years, Luxembourg has established itself as an important financial hub within the heart of Europe. Receiving the support and trust from the government of such a country, is without any doubt an important endorsement for a company that has its core business in the creation of an investment platform for music rights.
“We are establishing a company which is bringing something innovative to the music industry, as well as to the financial markets. The fact that we are coming up with something completely new, also means that we have a lot of research and development to be done. The acceptance into this program means a big deal to us and comes as a recognition for all our hard work and focus on innovation.” – Matteo Cernuschi, COO & Co-Founder.
ANote Music Sàrl. is the company that created the first true Stock Exchange for Music Rights and was founded by Marzio F. Schena, Matteo Cernuschi and Grégoire Mathonet in January 2018, incorporated and with its headquarters in the Grand Duchy of Luxembourg. ANote Music identified the power of music as the next big asset class, developing a key presence in Poland and Italy, through a strong network of advisors and a representative office at the Music Innovation Hub in Milano. For more information, visit https://anotemusic.com