ALL ROUTES LEAD TO ROME

The framework of Cultural Entrepreneurship in Europe

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Objectives and goals

IntroductionClick to read

At the end of this module you will be able to:

•What is cultural entrepreneurship and the difference with social entrepreneurship

•What is cultural heritage entrepreneurship

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Cultural EntrepreneurshipClick to read

A cultural entrepreneur is an entrepreneur who creates a business that is grounded in the arts, creatively inclined and/or is relevant to the cultural heritage of a specific community.

The goal of their business ventures is to address social problems by shifting belief systems and attitudes.

Cultural entrepreneurship has been characterized as a sub-set of social entrepreneurship.

Social entrepreneurs create businesses to address a social problem, for example, the privatization of fresh water, structural economic inequality and gentrification

Cultural entrepreneurship can be defined as specific activity of establishing cultural businesses and bringing to market cultural and creative products and services that encompass a cultural value but have also the potential to generate financial revenues.

Cultural entrepreneurs share the same goal of leveraging business to better society. However, instead of developing physical products and systems that foster social change, they create and share cultural products that present new ways of understanding social problems.

In other words, cultural entrepreneurs are business visionaries that want to transform the world for the better with creative and scalable business practices.

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Cultural Entrepreneurship in EUClick to read

Culture’s intrinsic value is widely recognised. Beyond this value the cultural sector is an important driver of economic growth, job development and social inclusion.

In its impact assessment for the EU Creative Europe programme, the European Commission underlines the transformative economic and social power of culture: the cultural and creative sectors account for approximately 4.5% of the Union's GDP (2008) and employ some 3.8% of its workforce.

Within the EU’s 2014-2020 Multiannual Financial Framework, funding for the EU Creative Europe programme was increased in view of the sector’s role in promoting smart, sustainable and inclusive growth. In May 2014 the EU Council adopted conclusions on cultural heritage, stressing that a holistic approach by the EU is required for cultural heritage, whilst underlining the sector’s role for smart, sustainable and inclusive growth in the framework of Europe 2020 strategy.