London, United Kingdom, 18th July 2022—Groundbreaking AI music composition instrument DAACI has gained a grant of over 1 / 4 of 1,000,000 kilos from Innovate UK, the UK’s innovation company.
DAACI joins an illustrious listing of previous Innovate UK grant recipients, together with BMW, HSBC, Oxford and Cambridge Universities, in addition to most different main universities. For instance, competitors for the coveted Innovate UK grant was so excessive in its earlier spherical that lower than 10% of candidates succeeded.
DAACI excelled in all qualifying classes. Its proposal demonstrates DAACI’s rising standing as game-changing, progressive, disruptive, and impressive. It evidenced its plan to ship a big financial impression by way of ROI, emphasising its potential to positively impression inventive productiveness and the UK economic system extra broadly.
By way of their sensible grants, Innovate UK drives productiveness and financial development by supporting companies to develop and realise the potential of recent concepts. They’ve awarded 25million GBP for game-changing and commercially viable R&D innovation that may considerably impression the UK economic system.
Innovate UK’s assessors returned distinctive suggestions on DAACI’s proposal, stating, “The proposal contributes to the UK’s place as a frontrunner in music, based mostly on extremely progressive expertise to create authentic music, adaptive to a variety of client preferences. That is a powerful workforce exhibiting sensible plans to ship the challenge and credibility to commercialise efficiently with related societal advantages.”
They went on to say, “This is a perfect workforce positioned to ship the challenge efficiently with their mixture of related expertise and observe file, and to use commercially.”
DAACI CEO Rachel Lyske stated, “Innovate UK has added much more momentum to our cost ahead because the main AI music composition instrument for any and each temporary, and we’re immensely grateful. They’ve seen that DAACI has the inventive and mental potential to redefine and regenerate the method of making music within the period of the Metaverse and Internet 3.0.”
Having efficiently secured the Innovate grant, DAACI is extraordinarily excited to be proceed its funding spherical. They’re elevating an EIS eligible £4m which is able to shut in September https://www.daaci.com/daaci-deck