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Creative and Cultural Economy

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Young Creative Entrepreneur Awards

Investing in the Creative Industries
A Seminar
9 December 2011

The British Council has been pioneering to build a strong community and professional network of creative businesses, through the reward programme Young Creative Entrepreneur Awards. The awards help nurture enterprise across seven categories – design, music, fashion, screen (film, TV and animation), interactive (software, entertainment, games and social media platforms), performing arts (theatre, dance and “live” art) and publishing. It aims to inspire and facilitate the sharing of best practices in building skills and access to resources, professional development, markets, mentoring and resources to increase business opportunities between India, UK and internationally.   
To continue building an eco-system to support entrepreneurship within the creative sectors, a half day seminar on Investing in India’s Creative Entrepreneurs is being organised on Friday 9 December at British Council, (17 Kasturba Gandhi Marg, New Delhi) from 9.30 am – 2 p.m.
To register email yce.india@in.britishcouncil.org

The seminar will include the following panel discussions between India and the UK aimed to address and debate the two major issues facing the growth of India’s creative industries.

Panel Discussion: Does India need an umbrella policy for supporting entrepreneurship within the creative industries?   
The session will explore the current parameters of existing policies and governmental interventions and examine the different ways in which policy-making can support the development of the creative industries thereby leading to their recognition as key economic sectors.

Speakers

John Newbigin is a freelance strategist and cultural entrepreneur.  He is Chairman of Creative England, a publicly funded agency to support creative businesses, particularly digital media, across England. Other positions he’s held include being Head of Corporate Relations at Channel 4 Television, Special Adviser at the Department for Culture, Media and Sport and Executive Assistant to David Puttnam, erstwhile Chairman of Enigma Productions Limited. Currently John is the Chairman of Culture24, one of the UK’s leading cultural web publishers and on the board of various arts and educational bodies.  

Rohit Prasad is an Associate Professor of Economics and Chairperson of the Centre for Entrepreneurship at the Management Development Institute Gurgaon. He has a Ph.D. in Economic Theory from SUNY Stony Brook, USA where he had an opportunity to study Game Theory under the Nobel Laureate Professor Robert Aumann. His thesis provides a framework to address questions related to the optimal fiscal and monetary policy choices of a government in a free market.  He has worked in the software industry in USA and India in senior management positions before joining MDI Gurgaon.  His research interests include the theory of taxation, spectrum policy, ICT for development, and special economic zones. He recently served on a high powered Committee of the Department of Telecommunications, Government of India to make recommendations on spectrum allocation and pricing in India, and on two Expert Panels for the Telecom Regulatory Authority of India to study the value of 2G spectrum.

Dr Aruna Vasudev is one of India's leading film experts, and cultural commentators. Founder of Cinemaya - a magazine to discuss Asian cinema, The Cinefan Festival of Asian cinema, and President of NETPAC - The Network for the Promotion of Asian Cinema - she is a pioneer in building an Arab and Asian community in film, as well as in taking Indian cinema towards international recognition. She is author of Liberty and License in Indian Cinema, New Indian Cinema and editor of numerous books and publications on Indian and Asian Cinema. She has been on the jury of international film festivals like The Cannes Film Festival (France), Cinemalaya (Philippines), Asiatica (Italy) and The Hongkong International Film Festival. She is the recipient of honours like France's Chevalier de l'Ordre de Arts de Lettres, The Star of Italian Solidarity and The Satyajit Ray Memorial Award.

Lipika Sud is one of India's leading Interior Designers with her work spaning over 22 years in India and abroad. She is the Chairperson of the Institute of Indian Interior Designers (Delhi Regional Chapter). She is also currently an All India Governing Body Member of the Federation of Indian Chambers of Commerce and Industry (FLO) and Member PHD Chamber of Commerce & Industry. Lipika is the Founder / Director of Dimension Designers Pvt. Ltd and Principal Designer of Lipika Sud Associates.

Adarsh Kumar is the founder and CEO of Livelihoods Equity Connect (LEC), an advisory group that seeks to invest in the Indian agricultural sector and promote models connecting small farmers to mainstream markets. Prior to LEC, Adarsh helped establish the All India Artisans and Craftworkers Welfare Association, a membership-based policy research and advocacy body that brings together the private sector, civil society and the government to find innovative solutions to bridging the divide between poor rural producers and mainstream markets. At AIACA, Adarsh served on various Planning Commission working groups to look at ways in which creative and cultural industries can provide more employment to the poor. He holds a bachelors degree in Business Management from Georgetown University and a Masters Degree in Public Policy from the Kennedy School of Government at Harvard University. Adarsh has also been awarded the Echoing Green and Ashoka fellowships for social entrepreneurship. 

Panel Discussion: What India needs to bridge the gap between creative entrepreneurs and investment opportunities?
Discussion will focus on developing a suitable financial infrastructure for the creative sectors and understanding different models that facilitate creative businesses’ access to capital, why it is considered inherently risky to invest in creative industries (or what makes them uniquely different), explore how different creative businesses are more suited to different types of financial investment and support.

Speakers:

Annurag Batra is an entrepreneur, journalist, Internet evangelist and media expert all rolled into one. He completed his B. Tech in Computer Sciences before joining Management Development Institute (MDI), Gurgaon. He is the Chairman and Editor-in-Chief of exchange4media group which includes exchange4media.com, PITCH, IMPACT, Realty Plus, Franchise Plus and media industry website www.samachar4media.com. He was awarded “Most Distinguished Alumni of the Decade Award” by MDI and was featured as ‘Inspiring 50 Entrepreneurs’ by DARE magazine. He is also an honorary advisor to India’s leading website on fashion (www.stylekandy.com) and auto website (www.wheelsunplugged.com) besides mentoring budding entrepreneurs. Recently, Mr Kapil Sibal, MHRD and AICTE appointed Mr Batra as Chairman of an industry committee to come up with a vocational training framework for the media, communication and entertainment industry.

Sally Luton has been Non-Executive Chairman of Maverick Television Ltd. since 2006. In the West Midlands she played a lead role in the establishment of the country’s first dedicated Venture Capital for the support of the creative industries which was launched by the Secretary of State for Culture, Media and Sport in March 2000. The success of the pilot fund led to the creation of the present Advantage Creative Fund. She has a wealth of creative industry management skills and experience. She was appointed Chief Executive of the West Midlands Regional Arts Board in November 1996 and on the merger of the former Arts Council with the Regional Arts Board in 2003 became Executive Director for the new Arts Council England, West Midlands Office. She has served on many National Committees including the National Theatre Strategy Steering Group and the Creative Partnerships Development Group.

Michael E. Ward is a screenwriter, producer and marketing professional and the CEO of Post Script Ltd. A veteran of business and performing arts in the West, he brings what is good about the UK film industry -  good IP management, rigorous script development and third party financial accountability - to India, and what is good about the Indian film industry - fantastic storylines, great creative and production skills and passionate audiences - to the attention of UK and Indian investors. Michael has co-written the screenplay for “The Phone Thief” with director Pia Sukanya and Aarti Bagdi and is structuring a co-production between UK-based Mobile Film Productions and its Indian partners Tubelight Pictures and Sikhya Entertainment. He is also Executive Producer of Anup Kurian’s “The Blueberry Hunt” and has come on board “The Straight Circle” to be directed by Shekhar Kapur protégé Heeraz Marfatia. In 2005, Michael was lead producer of the £4M stage musical adaptation of “The Far Pavilions” and holding the film rights to M. M. Kaye’s best-seller, he will spend mid to late 2012 packaging the $15M film for investment.

Sanmit Ahuja is the Chief Editor of TI Corridors and the Chief Executive of ETI Dynamics Ltd. His key areas of interests include to Emerging markets, globalisation, international trade and investment flows. He holds an Executive MBA degree from London Business School. 

Young Creative Entrepreneur Awards

Are you an entrepreneur who is promoting, managing or running a venture centred on a creative sector like music, performing art, design, fashion or publishing? Are you aspiring to take that enterprise beyond India, to gain foothold in the strong creative economy of UK and build relationships to promote your creative venture to the UK?

If so, the Young Creative Entrepreneur (YCE) Awards could be your ticket to a world of opportunities. These are the only awards that give recognition to creative entrepreneurship across the sectors of Design, Music, Fashion, Screen, Interactive, Performing Arts and Publishing.

Globally, creative industries¹ are estimated to account for more than 7 per cent of the world’s gross domestic product (GDP)^2. UK has pioneered in recognising their contribution to the economy and as a percentage of GDP the UK has the largest creative industries sector in the world³. UK creativity is hugely influential across the world, with a reputation for innovation, edgy brilliance and entrepreneurial spirit. In 2008, it comprised an estimated 157,400 businesses and employed just under two million people⁴.

The Indian economy also has a strong potential for growth by investing in creative enterprises. Despite such a strong potential, creative industries are not recognised for their contribution to the overall economy. There is a definite absence of opportunities that provide international exposure and learning for creative entrepreneurs in India.

The YCE awards aim to change that!

The awards aim to reward creative entrepreneurs based in India for their contribution to their respective sectors. The YCE award programme goes beyond simply recognising their achievements  by providing them a platform to begin a dialogue with their UK counterparts.

If you are a creative entrepreneur based in India you have a chance to win a study tour of your respective industry in the UK. It allows you to learn, imbibe and grow through inputs from both your UK and international peers. You also get to attend relevant trade events that helps widen your perspective and play an important role in increasing collaborative opportunities between the UK and India.

Apply now to become a part of the British Council’s Creative Entrepreneur Network.

Take the initiative – for the next big idea can be yours!

For more details you can email to yce.india@in.britishcouncil.org or get specific sector award details from the links on the left panel

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^{1. The creative industries are defined as those having their origin in individual creativity, skill and talent and which have a potential for wealth and job creation through the generation and exploitation of intellectual property.}

^{2 World Bank Urban development needs creativity: How creative industries affect urban areas. Development Outreach, November 2003.}

^{3 OECD Factbook 2007 - Economic, Environmental and Social Statistics, 2007.}

^{4 Creative Industries Economic Estimates Statistical Bulletin 2010, DCMS}

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