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US, Canada; Europe

www.stringsbay.com Removing barriers linked with quality instrument ownership, thus improving the achievements of professional string musicians and their wellbeing. To provide investors access to a portfolio of fixed income investment opportunities, backed by fine and rare stringed instruments and bows.

OVERVIEW

Description

Financial constraints is the number one barrier that prevents an artist from purchasing an instrument that would most perfectly fit his playing style. For a musician’s talent the lack of such an instrument can be an inhibiting factor, making connecting with his audience challenging. As the value of bows and instruments has skyrocketed, this problem has become so material that a few major orchestras have developed programs for assisting musicians with the loans they need to acquire instruments. Unfortunately only a handful of these programs exist, touching a minimal portion of performing musicians. While traditional lenders will support home or car ownership for regularly employed musicians, few lenders will back instrument ownership due to lack of understanding in the risks involved. Our goal is to fill this gap/opportunity to the benefit of musicians and investors by creating a platform dedicated to Sponsoring musician ownership of fine stringed instruments and bows with the intention of generating a financial return alongside to a measurable social impact.

PROGRAM DETAILS AND REQUIREMENTS

SUPPORTING VENTURES IN THESE SECTORS

  • Arts, Culture, Handicrafts
  • Education
  • Employment, Livelihood, Income Generation
  • Financial Serv./Inclusion, Microfinance

supporting ventures in these regions

  • Europe
  • US, Canada

TYPES OF COMPANIES ACCEPTED

  • Hybrid