Photo - AUDIOCULT
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AUDIOCULT

A social commerce platform for the global music industry

UAE
Market: Information and media, Entertainment, Trade
Stage of the project: Operating business

Date of last change: 16.06.2022
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Idea

Audiocult is an online platform built to serve the global dance music industry and it's key players by allowing them to profile, Network & Trade.

Current Status

Generating Revenue, Market testing with early selected clients in Dubai, Stockholm and several parts of Portugal and Bulgaria.

Problem or Opportunity

1. LACK OF DATA
No Comprehensive Data-Base/ Directory of profiles on the
key Players and events of the dance Music Industry
globally.

2. LACK OF EXTENSIVE NETWORK
No Extensive Network that connects all entities of the dance music industry on one platform.

3.LACK OF SOCIAL COMMERCE
No platform exists that enables entities to profile, network and
trade.

Solution (product or service)

1. Database Directory
Establish a Unified Platform that enables Data Collection and directory
display of all the entities and events in any given city/country.
2. Easy Communication
Establish Easy Straightforward non-monetized communication
between all the entities on the platform.
3. Establish Social Commerce
The combination of a social media and an E-commerce platform
dedicated for the dance music industry to trade.
(i.e. Services, Tickets, Music Tracks Etc.)

Business model

We provide a trifecta of essential and comprehensive services for the whole cycle / economy of the dance music industry globally.

Our revenue model is built on transaction processing fees for every trade that happens on our platform - primarily starting with service fees on event ticket sales by businesses on our platform and music track sales trade as-well.

1 medium sized event can generate 5000$ in pure revenue for us and this would be replicated across hundreds of events across several regions daily.

Team or Management

Incubation/Acceleration programs accomplishment

AUIC - innvoation Award,
IN5 - Insubation 2 years
DIFC innovation hub - present not a program more of an environment.
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Idea
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