TechStars Music, a prominent startup accelerator program, has officially ended operations, with Managing Director Bob Moczydlowsky confirming the closure to Billboard. The program's shutdown was attributed to limitations in its investment model and the constraints of focusing specifically on music technology.

Moczydlowsky explained that the 'music' label restricted their investment potential, often attracting startups focused on traditional music technology rather than broader entertainment solutions. "We want to invest in companies solving problems for music, not music tech companies," he stated, emphasizing their belief that software will largely replace traditional instruments in the future.

The accelerator's final class in April 2022 included ten startups:

• Beatmatch
• Circle Labs
• Clever.fm
• Green Room
• KEIphone
• Music Games Company
• Musicasa
• Brij
• Radia
• Solace Vision

The program's operation model involved selecting 10 companies annually from 25-30 finalists. Selected startups received 13 weeks of mentorship from 300 industry executives, venture capitalists, and musicians, culminating in a pitch opportunity at the Techstars Music Venture Summit.

Moving forward, the organization plans to shift its focus to funding the future of entertainment, self-expression, and live events, marking the end of its dedicated music technology acceleration program.

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