Music Entrepreneurship Competition

 

2018 Entrepreneurship Results

Graduate Track
  • Sus-4 Productions by Drew Sutherland (1st prize $5,000)
  • Collab Source by Johanna Stull (2nd prize $2,500)
  • Unique Studio by Matthew Fallesen (3rd prize $1,000)
Undergraduate Track
  • The Beginner's Guide to the Drum Set, by Ben Ehrlich (1st prize $5,000)
  • Velvet Fog by Stephanie Hansen (2nd prize $2,500)
  • FINKTank by Sarah Finkle (3rd prize $1,000)
Honorable Mentions:
    • UNT Music Entrepreneurhsip Competition 2019, Departmental featuring 2019 guest judge Tonya Butler.

     

    LEARN ABOUT OUR UNT MUSIC ENTREPRENEURS AND THEIR BUSINESSES

    • Several of our students entered the inaugural 2017 music entrepreneurship competition last year and went on to launch their businesses. Watch their video testimonials for additional brainstorming by clicking the UNT Music Entrepreneurs page.
       

    WATCH THE FULL-LENGTH 45 MINUTE DOCUMENTARY COVERING OUR 2017 MUSIC ENTREPRENEURSHIP COMPETITION

    • Click here to watch the documentary.

    2020 Music Entrepreneurship Competition Details

    Submit your business plan now!

    Requirements

    Applicants will submit a Music Business Plan describing their project by October 25th, 2020. The plan can be for a new business or for the expansion of an existing one. Individuals and teams are welcome to participate. The competition is open to all College of Music students. UNT students outside of the College of Music may be eligible to participate as long as they are working in partnership with a College of Music student. If a team has business members who are outside of UNT, it will still be acceptable as long as the team leader is a UNT College of Music student. In the case of group submissions, if the team becomes a finalist, the leader(s) of the team will be required to present during the live pitches final rounds on November 21st, 22nd, 2020. Previous first prize winners may not compete again as an individual submission but may compete the following year as part of a team submission. The business plan will have a minimum of 10 pages and maximum of 20, excluding a cover sheet, table of contents, and financial projection spreadsheets. All plans must be typed, double-spaced, maximum 12 pitch font, and 1" margin on all sides. Spreadsheets and appropriate appendices can follow the text portion of the plan and should not exceed 10 pages. The outline below, based on Peter Spellman's "Writing a Music Business Plan That Works", is the required template for students to explore the process and customize based on their own plan of action. The business plan sections in bold are required and the bullet sections are recommended aspects to be included in the music business plan. Additional business plan writing resources are listed below the outline. 

    MUSIC BUSINESS PLAN REQUIRED OUTLINE

    • Summary statement
      • Problem: what is the problem you are trying to solve?
      • Audience: who has this problem?
      • Solution: what is your solution (product/service)?
    • Description of your business or project
      • History and background
      • Management description, include team background and credibility
      • Business structure (Sole Proprietorship, Limited Liabililty Company (LLC), Non-Profit, etc)
    • Market Analysis 
      • Market description 1. General market information 2. Specific market information 3. Competition profile. 4. Differentiation: what makes you different?
      • Marketing plan 1. Positioning 2. Marketing mix 3. Pricing philosophy 4. Method of sales/distribution 5. Customer service policy
      • SWOT analysis (Strenghts, Weaknesses, Opportunities, Threats)
    • Operations Statement
      • Facilities and equipment
      • Plans for growth and expansion
      • Risks
    • Project Time-Line/Process
    • Financial Information. Please use the spreadsheets from this template.
      • Financial model: how will you make money?
      • Financing required
      • Current financial statements. 
      • Financial projections

     

    Resources to prepare the music business plan

     

    Competition Schedule

    October 26th, 2020

    Music Business Plan submission deadline (see requirements for more details). Music business plans are submitted via our online submission form. All plans will be sent to the judges for preliminary screening. No submissions will be accepted beyond this deadline.

    November 9th, 2020

    Three finalists in each track will be announced and invited to present their business plans before judges in the Final Round and Grand Finale events. Four honorable mention plans will be invited to present for the judges in the Final Round and one honorable mention team will be selected to present in the Grand Finale event.

    November 21st, 2020

    Final round with live presentations for judges, followed by Q&A and judges' feedback. (private event). Location: Kenton Hall (morning)

    Student/Faculty workshop presented by artist-in-residence, Jeffrey Nytch (open to the public) (afternoon)

    November 22nd, 2020 at 10am

    Honorable Mentions final round Location: Recital Hall

    November 22nd, 2020 at 3pm

    Grand Finale Live Rounds (open to the public and live streamed via Facebook). The Grand Finale with feature the top finalists in each track. Judges and audience members will be able to ask questions to finalists. An award ceremony will follow including judges' feedback for competitors. Location: Recital Hall

     

    • UNT 2019 Music Entrepreneurship Competition Trailer Tonya Butler

     

    • UNT 2019 Music Entrepreneurship Competition Guest Judge Departmental Tonya Butler
    • UNT 2018 Music Entrepreneurship Competition Trailer
    • UNT 2018 Music Entrepreneurship Documentary
    • UNT Music Entrepreneurship Competition Workshop 2018 Featuring Angela Beeching and competitors Jen Guzman and Eclective
    • 2017 Music Entrepreneurship Competition Documentary
    • 2017 Music Entrepreneurship Competition Documentary Trailer
    • Facebook Live Stream of Grand Finale
    • Competition Promo Video
    • Competition Workshop II
    • Competition Workshop III

    Entrepreneurship Competition Photos

    All photos by Elle Logan

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