CREATe to examine IP business models

The Arts & Humanities Research Council (AHRC) in the UK has announced a new initiative which promises to frame IP business models within an academic framework.  According to the AHRC's website:

"​A pioneering initiative to support the growth of the UK’s vital creative industries and arts sector was announced today. The Centre for Copyright and New Business Models in the Creative Economy, run by a consortium of UK universities led by the University of Glasgow, will examine a range of issues relating to new digital technologies with a view to meeting some of the central challenges facing the UK’s creative economy.

The UK has probably the largest creative sector in the world relative to GDP, accounting for over 6% of the overall economy and contributing around £60Bn per annum. However, building a business, cultural and regulatory infrastructure that can spark innovation, capitalise on new revenue streams and harness the potential of new and emerging technologies are challenges that face the sector as it aims to maintain the UK’s global leadership in this field.

The new Centre – called CREATe (Creativity, Regulation, Enterprise and Technology) - will address these and other challenges by exploring a range of issues such as those associated with digitisation, new intellectual property issues and how best to support relationships between the arts and technology.

CREATe is funded by the Arts and Humanities Research Council (AHRC), Engineering and Physical Sciences Research Council (EPSRC) and Economic and Social Research Council (ESRC).

Professor Ronan Deazley of the School of Law at the University of Glasgow is leading the consortium   ...

Led by the University of Glasgow, CREATe comprises the University of Edinburgh, University of Strathclyde, University of St Andrews, University of Nottingham’s digital economy hub (Horizon), the University of East Anglia (UEA) and Goldsmiths, University of London.

Although not providing funding, NESTA, the Intellectual Property Office and the Technology Strategy Board will also be involved in the CREATe centre".

IP Finance wishes this venture every success and looks forward to reporting on its progress.