The early-stage investment fund will focus on female-led live music businesses.
Live Nation President and CEO, Michael Rapino, has announced today that the company has established a fund to provide access to the company’s resources and capital for underrepresented female entrepreneurs in the concert promotions, events and festival spaces.
“As the leader in live entertainment, we want to meaningfully address this issue, change the dynamic and widen the playing field,” Rapino said in a release. “The Women Nation Fund is a first step towards empowering new entrepreneurs and creating more opportunity for women in this sector of the live music business.”
The Women Nation Fund will seek to fund and help grow the field of women-led festivals, events and promotion companies available on a worldwide basis.
As Live Nation aims for more gender parity among their staff, the Women Nation Fund is aimed at developing more female-founded festivals or female promoters to draw on.
Businesses interested in applying need to be female-founded and oriented around concert promotion, festivals or live venue management. Accepted applicants will be given access to Live Nation resources including strategic advisory, industry contacts and mentorship.
“Women are underrepresented across the entertainment ecosystem, but we see this particularly in the music industry,” said Dr. Stacy Smith, the Founder and Director of the Annenberg Inclusion Initiative at the University of Southern California in support of the announcement. “One crucial way to kick-start the effort towards gender parity is to fund female entrepreneurs. I applaud Live Nation for their leadership and for committing its resources in a way that can affect real change.”
The Women Nation evaluating team is comprised of Live Nation female executives with diverse domain expertise including Anna Sjolund (Co-Managing Director/Head Promoter, Live Nation Sweden), Amy Corbin (Promoter, C3 Presents), Virginia Davis (Founder, G Major Management), Amy Howe (COO, Ticketmaster), Lesley Olenik (VP, Touring for Live Nation), Maura Gibson (President, Front Gate Tickets), Kelly Chappel .(VP, Touring for Live Nation) and Carrie Davis (Chief Communications Officer for Live Nation).
For more information and to apply to the Women Nation Fund, head here.