The organisation - a partnership between PRS for Music Foundation, UK Trade & Investment, Arts Council England and British Underground - aims to support musicians who have been invited to perform at SXSW but need financial help to get there.
The acts selected for funding this year are: Bear's Den, D/R/U/G/S, Django Django, Dutch Uncles, Fiction, Future of the Left, Ghosting Season, Hatcham Social, Kindness, Kwes, Quantic & Alice Russell featuring The Combo Barbaro, Skindred, Slow Club, Spectrals, Spycatcher, The Defiled, Treetop Flyers, Vondelpark.
"With the changing shape of the music industry, it's important for artists to have access to alternative support networks which help them to develop as professionals on the international stage," said Laura Whitticase, who runs British Music Abroad at PRS for Music Foundation.
"We're proud to be working with our British Music Abroad partners to provide this much needed resource and I look forward to seeing all of the acts we've funded showcase their talent at SXSW."
Nick Darby - D/R/U/G/S manager said: "Having British Music Abroad funding assistance to attend SXSW turns a lot of artists' dreams into reality. The conference is a great platform for UK acts to get recognised and the BMA showcase at the British Music Embassy is one of the focal events."