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RedSquare Ventures, Ltd.

Product Name

MixGet

Market Segment

Consumer Software and Services

Funding

MixGet is the first public project of RedSquare Ventures Limited, a startup venture fund and innovation incubator targeting the Russian market. RedSquare Ventures is a privately held limited liability company

Competitors

Various mobile music download services such as Ringtones and Realtones.

Product Description

MixGet mobile music entertainment service allows users to collectively listen and re-mix musical compositions to create unique audio performances. Each user’s mobile phone turns into a “smart speaker,” playing its part of the composition. Mobile phones are put together within audible distance and play in tune with each other while being controlled by the MixGet software. Users can enjoy experimenting with music by adding tunes, beats, instruments, voices and sound effects.

Market Opportunity

Annual mobile music revenues will top $14 billion worldwide by 2011, according to the latest report from Juniper Research. Market drivers for MixGet service are likely to be the dual download facility, increased bandwidth offered by 3G networks and the evolution of the mobile handset into a multi-purpose communications and entertainment device.

Demo Says

MixGet is an innovative twist on gaming, social networks, and music downloading that brings new, fun capabilities to mobile phones. Leveraging standard protocols and a range of connectivity options, MixGet turns an array of mobile phones into a mixing studio, and gives mobile operators an addictive application to drive the use of data minutes.