Entertainment and fashion agency First Access Entertainment has launched a seed fund with angel investor Simon Tikhman that will support entrepreneurs targeting the youth demographic.
The initiative, dubbed “The Fund by First Access Entertainment,” is intended to utilise Tikhman’s venture capital expertise and First Access Entertainment’s knowledge of youth culture.
The vehicle will concentrate on areas such as the internet of things, the shared economy, new marketing, fashion and music. Tikhman will lead the fund as managing partner, while First Access CEO Sarah Stennett is a partner.
Portfolio companies will be able to get support from The Fund’s Los Angeles headquarters as well as First Access’s locations in LA, New York, London and Stockholm. First Access has appointed a youth culture-focused advisory board to offer guidance on The Fund’s cultural ethos.
Tikhman said: “First Access Entertainment has always focused on recruiting and promoting young artists and entrepreneurs, in front of and behind the camera.
“This is a natural next step – by seeding, incubating and giving aspiring companies access to the extensive global infrastructure of First Access Entertainment, they will have all the tools they need to take their ideas to the next level.”