BOSTON, May 23, 2016 /PRNewswire/ -- Today Lumit Audio announced it will join MassChallenge Boston, the most startup-friendly accelerator on the planet. One of 128 startups participating, Lumit Audio will benefit from mentorship, office space, and a vast network of experienced entrepreneurs, corporate partners, and investors. In November, all MassChallenge Boston startups will compete for $1.5M total in cash awards with no equity taken.
"We're excited to be a part of the MassChallenge community! The accelerator allows us to share our core competencies of music, software, and design with the startup world," said Lumit Audio CEO and Founder Wake Anderson. Marketing Director Rami Abou-Sabe added "Music and technology have long had a home in Boston, and MassChallenge gives us the opportunity to tap into that ecosystem, further disrupting the way digital content is created in the 21st century."
"We received consistent feedback from our judges about the quality of applicants this year, and I'm confident we'll have an incredibly high-caliber class of entrepreneurs joining us in Boston," said MassChallenge Boston Managing Director Scott Bailey.
This year's class was selected from more than 1,700 applicants across a diverse range of industries and geographies, including 65 countries and 37 states. Lumit Audio will move into the accelerator full-time directly following the debut of Lumit for Mac at The 2016 Summer NAMM Show in Nashville.
About Lumit Audio:
Lumit Audio, LLC is a Boston-based advanced audio technology company focused on developing revolutionary methods for music creation. Our flagship product, Lumit, has proven to yield professional music, while eliminating the complexity presented by traditional systems. We offer a breakthrough technology that challenges the conventional standard – leading the music software industry into the 21st Century. For more information, please visit lumit-audio.com.
MassChallenge is the most startup-friendly accelerator on the planet. No equity and not-for-profit, we are obsessed with helping entrepreneurs across all industries. We also reward the highest-impact startups through a competition to win a portion of several million dollars in equity-free cash awards. Through our global network of accelerators in Boston, the UK, Israel, Switzerland, and Mexico, and unrivaled access to our corporate partners, we can have a massive impact - driving growth and creating value the world over. To date, 835 MassChallenge alumni have raised over $1.3 billion, generated over $575 million in revenue, and created over 8,500 jobs. For more information, please visit masschallenge.org.
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SOURCE Lumit Audio