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Ian Chamings
Ian Chamings

Internal News - 30 August 2006

Alumnus emerges from Dragons' Den £150,000 richer for new business

Former mechanical engineering student Ian Chamings got a new business idea off to a great start when he picked up promises of £150,000 investment during a Dragons' Den programme on BBC2.

Mr Chamings runs an innovative website, MixAlbum.com which allows users to take dance tracks and mix them together automatically as well as disc jockeys can do in clubs, using PCs or iPods.

Two judges on the programme, Deborah Meaden and Theo Paphitis, offered a total of £150,000 investment for a 40 per cent stake in the company.

Mr Chamings, who graduated with a MEng in Automotive Engineering in 2000, told the judges he thought of the idea while at the University of Bath.

“I was deejaying when I was at uni and I came up with this idea – I said ‘hold on a minute’ – this was a Eureka moment – ‘ I can get a computer to do most of this’.”

He trained as a patent attorney, which helped him get a patent for his computer algorithm which ensures that the end of one music track is joined seamlessly into the beginning of the next.

Mr Chamings told the judges that he thought turnover could be as high as £870,000 a year with a million downloads on his site.

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