By Nick Atkins

The Unsigned Music Awards has announced a major funding scheme for new musical talent, designed to take investment from private individuals to fund a variety of emerging and unsigned artists.

The UMA Music Fund will be officially announced at the Millennial 20/20 Summit, an event that focuses on the future of business, bringing together CEOs of many entertainment, fashion, technology and retail brands. 

The fund is the brainchild of Stephen Pell (former business manager to Calvin Harris), ...