Home Opinion DAACI AI-Music Composition Tool Wins Grant from Innovate UK
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

DAACI AI-Music Composition Tool Wins Grant from Innovate UK

by uma

 

London, United Kingdom, 18th July 2022—Groundbreaking AI music composition tool DAACI has won a grant of over a quarter of a million pounds from Innovate UK, the UK’s innovation agency.

DAACI joins an illustrious list of past Innovate UK grant recipients, including BMW, HSBC, Oxford and Cambridge Universities, as well as most other major universities. To illustrate, competition for the coveted Innovate UK grant was so high in its previous round that less than 10% of applicants succeeded.

DAACI excelled in all qualifying categories. Its proposal demonstrates DAACI’s rising status as game-changing, innovative, disruptive, and ambitious. It evidenced its plan to deliver a significant economic impact in terms of ROI, emphasising its potential to positively impact creative productivity and the UK economy more broadly.

Through their smart grants, Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. They have awarded 25million GBP for game-changing and commercially viable R&D innovation that can significantly impact the UK economy.

Innovate UK’s assessors returned exceptional feedback on DAACI’s proposal, stating, “The proposal contributes to the UK’s position as a leader in music, based on highly innovative technology to create original music, adaptive to a wide range of consumer preferences. This is an impressive team showing practical plans to deliver the project and credibility to commercialise successfully with associated societal benefits.”

They went on to say, “This is an ideal team positioned to deliver the project successfully with their combination of relevant skills and track record, and to exploit commercially.”

DAACI CEO Rachel Lyske said, “Innovate UK has added even more momentum to our charge forward as the leading AI music composition tool for any and every brief, and we’re immensely grateful. They’ve seen that DAACI has the creative and intellectual potential to redefine and regenerate the process of creating music in the era of the Metaverse and Web 3.0.”

Having successfully secured the Innovate grant, DAACI is extremely excited to be continue its investment round. They are raising an EIS eligible £4m which will close in September https://www.daaci.com/daaci-deck

 

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More