Professional Documents
Culture Documents
Technology and Innovation in Creative Industries
Technology and Innovation in Creative Industries
Technology and Innovation in Creative Industries
INNOVATION IN
CREATIVE
INDUSTRIES
Prof. Naveed Yasin – Head of Creative Industries
AGENDA
Introduction
Primary goals
Areas of growth
Timeline
Summary
Governments have also had to grapple with tremendous revenue losses from
the cultural and creative industries.
Job losses in these sectors have further compounded the situation. Even as
the global economy picks up, the role and future of the creative industry is
being re-evaluated.
Policymakers must realise that a creative economy is crucial for the growth, development
and cultural identity of any civilised society.
In Europe, for example, the creative industry employed 7.4 million people in 2019 and
accounted for 3.7 percent of all employment.
The United Nations estimates that the creative industries generate annual revenues of
$2.25 trillion and account for around 30 million jobs worldwide.
E L S E W H E R E , T H E U K D E D I C AT E D £ 1 . 5 7 B I L L I O N ( A E D 7 . 5 8 B N ) TO S U P P O RT I T S C U LT U R A L S E C TO R AT T H E
H E I G H T O F T H E PA N D E M I C .
G E R M A N Y D E D I C AT E D A S O M E W H AT L A R G E R B U D G E T O F € 5 0 B I L L I O N ( A E D 2 0 3 B N ) , W H I C H R E M A I N S
E U R O P E ’ S L A R G E S T PA C K A G E O F C U LT U R A L S U P P O RT.
I N S I N G A P O R E , T H E G O V E R N M E N T WA S Q U I C K T O A C T B Y P R O V I D I N G R E C O V E RY G R A N T S F O R L O W A N D M I D D L E - I N C O M E
W O R K E R S A N D FA C I L I TAT I N G F U N D I N G F O R WA G E S U B S I D I E S A N D R E N T S T O S E L F - E M P L O Y E D A N D C U LT U R A L
PROFESSIONALS.
O T H E R C O U N T R I E S C A M E U P W I T H I N N O VAT I V E S C H E M E S A S W E L L :
T H E N E T H E R L A N D S A D O P T E D N E W M E A S U R E S T O S U P P O RT M I C R O - C O M PA N I E S T H AT L O S T M O R E T H A N 2 5 P E R C E N T I N
TURNOVER.
Despite these positive steps, the situation is still urgent. The Director General of the
United Nations Educational, Scientific and Cultural Organisation (UNESCO) notes
that the global music industry faces an estimated $10 billion in lost sponsorship and
the publishing sector is set to contract by at least 7.5 percent.
Looking ahead, the future of creative it will now be key for governments to work closely with other
industries will lie in governments embracing decision-makers and treat ‘cultural policy’ as holistic ‘people
their differences and unique cultures, and in policy’, where success is judged by engagement and
empowering their individual stakeholders. opportunities over conventional outcomes such as economic
Meta-government forums like the UAE- indicators.
directed World Government Summit
(WGS), provide a critical space for They will need to involve creative sector stakeholders in
enhancing such thinking. strategy, decision making, and the development of clear and
sustainable employment opportunities and leverage strengths to
create new, disruptive, and unique value propositions for
various creative sectors.
Adopting a burden-sharing approach to funding the sector through new partnerships and cross-sector
innovation (e.g. combining economic and social with cultural budgets) will also be necessary. Finally, they
must measure the qualitative impact of the sector, which represents both its attractiveness and its strength.
The cultural sector’s return to growth will not be about cryptocurrency, flagship infrastructure or investment
schemes. Rather, it will be about listening to, reflecting upon, and tackling shared issues across the industry.