AIM launches investment syndicate and apprenticeship program


British independent labels body AIM held its annual general meeting yesterday, and announced a pair of new initiatives.

The first is an angel investment syndicate, which will bring together angel investors from within the music industry (Laffites Ltd’s Jane Dyball, Beggars Group’s Andy Heath, Reed Smith’s Gregor Pryor) and outside it.

The syndicate will invest in “music entrepreneurs looking to  scale their businesses” via a Dragon’s Den-style pitching process. ‘Investment readiness’ training will be provided to founders before they pitch, partly to give people from non-traditional backgrounds as good a chance as possible of sealing deals.

AIM is also launching an apprenticeships program, working with Amazon Music and Women in CTRL. It will support up to six independent labels to hire apprentices as ‘label assistants’, with a particular focus on “identifying, championing and growing women and non-binary talent on rosters”.

The news comes as AIM CEO Paul Pacifico prepares to leave the organisation, although a replacement has yet to be announced publicly.

Written by: Stuart Dredge