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Turning IPs into valuable assets for the the cultural enterprises

While looking for information on IPs in the creative industries and how they are used in cultural enterprises, I found a very interesting initiative by the Malaysian government called “MyCreative Ventures”. MyCreative is “a government investment arm to spur Malaysia’s creative industry via strategic and innovative funding in a form of equity or debt investments.”

mycreativeventuresIn the article entitled “ELEVATING THE CREATIVE INDUSTRY IN MALAYSIA” the author explains how “unlike other types of businesses, creative industry entrepreneurs have nothing solid to show. They lament that it is almost impossible for them to obtain the funding they need in order to expand their operations.
This is mainly because banks are reluctant to accept or recognize intellectual property (IP) as loan collateral because of the lack of Certified IP Valuers who are able to place a monetary value to the IP assets concerned.”

The article further explains how MyCreative Venture was “incorporated by the Minister of Finance Incorporated ‘MOF(Inc)’ on April 20, 2012 to overcome this valuation lacuna and spur development in the creative industry by providing avenues for IP financing. Top on the MyCreative Venture’s agenda is to convince banks and financial institutions on the viability of accepting IPs as collaterals for loans.”

MyCreative Venture Chief Executive Officer Johan Ishak says that the creative industry in Malaysia “has generated an abundance of IPs which could be turned to valuable assets. […] MyCreative Venture’s mission then is to bring the Malaysian creative industry to the next level by achieving a sustainable future that is rewarding from the social, cultural and economic perspectives,” he said.

For more info on MyCreative Venture, click here. The full article can be found here.

More articles to come on Intellectual Property in cultural enterprises in the coming weeks.


Touch Shanghai-Development of creative industry

In the Touch Shanghai website of the Municipality of Shanghai, a visitor can find info and contact details of 10 selected developments for the Creative Industries. It is an impressive promotion and work in the different creative disciplines.

touchshanghaiThe 10 developments are:

  1. The Bridge 8 Creative iesCluster
    A Promising Land for Creative ies
    The Bridge 8 Creative iesCluster lies in the center of Shanghai. As one of the first creative iesclusters, it is a demonstration center of energy conservation and consumption reduction for the renovation of the old workshops of Shanghai, a base of Shanghai for foreign culture exchanges, and a landmark for creative iesof Shanghai and even China. Official Website:
  2. F525 Art Forest
    How Did an Old Factory Become a Mini “UN”
    As a creative industry cluster, F525 Art Forest was built on the transformed workshops of a garment factory. The zone is designed to create a working atmosphere suitable for these engaged in creative industries and provide value-added services suitable for the development of creative enterprises. Official Website:;
  3. New Ten Steel (Redtown)
    New Art Life of the Old Workshops
    Redtown Culture and Art Community, created in the New Ten Steel Creative Industry Cluster, is located at No. 570 West Huaihai Road, Changning District, adjoining Xujiahui Business Center. Built on the former site of No. 10 Steel Plant of Shanghai Steel Company, it covers an area of around 50,000 square meters and a total building area of 46,000 square meters. Official Website:
  4. Wise Jinsha – 3131 Creative Park
    A Creative Industry Park Based Upon E-commerce
    Wise Jinsha – 3131 Creative Park is the Phase I project of Wise Jinsha, Shanghai International Information Service Industry Park. The park is located at No. 3131 Jinshajiang Road. The former site of the park is the workshop building of a factory on Zhenxin Sub-district. Official Website:
  5. Shanghai Pan-Tongji Design and Creation Cluster
    Creative Industry Cluster in the “City of Design”
    Shanghai Pan-Tongji Design and Creation Cluster covers an area of 2.6 square kilometers around Tongji University. In 2009, the zone was denominated by the Ministry of Science and Technology of China as “Pan-Tongji R&D Design Service Industry Base” under the National Torch Program.
  6. Shanghai Design and Trade Promotion Center
    A Platform for International Design and Trade Services
    Considering the circumstance that China lacks independent brand and independent innovation ability in export products, Shanghai Design and Trade Promotion Center was founded on September 16, 2010. With a view to becoming a public service platform, the center focuses on the industries of home textile and household products, textile and garment, etc. in the early stage. Official Website:
  7. M50 Creative Park
    Art Blossoms on the New Tree
    Built upon the plot affiliated to Shanghai Chunming Roving Factory, M50 Creative Park is located at No.50 Moganshan Road on the south bank of Suzhou Creek, Putuo District, which is also one of the birthplaces of national industries in Shanghai. The Park is renowned for its best protected national textile industrial complex along Suzhou Creek spanning from the 1930s to the 1990s. Official Website:,
  8. China Peasant Painting Village
    Artistic Creative Power from Countryside
    China Peasant Painting Village, the birthplace of Shanghai Jinshan Peasant Painting, is the hometown of Chinese folk painting and enjoys high prestige home and abroad. The folk culture and art have been well preserved, inherited, and explored locally. Currently developing into a special cultural industry, Jinshan Peasant Painting is in sound growth under joint support of government, media and peasant painters. Official Website:
  9. Shanghai Multimedia Industry Park
    A New Digital Frontier and Culture Landmark in Shanghai
    Founded in 2002, Shanghai Multimedia Industry Park is the first of its kind in China featuring multimedia. The park has been granted the titles of National Digital Media Technology and Industry Base and National Cultural Industry Model Zone by Ministry of Science and Technology as well as Ministry of Culture successively. Official Website:
  10. Zhangjiang Cultural Industry Park
    Forging the Service Chain of Cultural Industry for Development of Digital Media Industry
    Zhangjiang Culture Holdings Co., Ltd was founded in June of 2008 through RMB 300 million Yuan investment from Shanghai Zhangjiang (Group) Co., Ltd. As the operator, service integrator, and developer for cultural industry in Zhangjiang Park, Zhangjiang Culture Holdings Co., Ltd adopts the mode of group operation and focuses on policy, service, industry, and the talents. Official Website:

For more info, visit the Touch Shanghai-Development of creative industry websites here and here.

25 Places to Get Cultural and Creative Entrepreneurship Training

100% Design

100% Design

In this link,, you can find 25 Places to Get Cultural and Creative Entrepreneurship Training. Those range from Universities to selected Centers. Have a look at this info and immerse into the training!

  1. Arc Centre of Excellence for Creative Industries and Innovation
  2. Arts Enterprise: Art as Business as Art, UW-Madison Arts Institute
  3. Arts, Entertainment and Media Management, Columbia College Chicago
  4. Austin Conservatory of Professional Arts
  5. Centre for Cultural Research, University of Western Sydney
  6. Creative and Cultural Skills
  7. Creative Enterprise Network
  8. Creative Enterprise Project, British Council/Strathmore University
  9. Cultural Enterprise Office
  10. Cultural Leadership Programme
  11. Enterprise Centre for the Creative Arts
  12. First Cultural Entrepreneurship Institute at Cooperstown
  13. Global Center for Cultural Entrepreneurship Fellowship Program
  14. Institute for Arts Entrepreneurship
  15. Institute for Creative and Cultural Entrepreneurship, Goldsmiths, University of London
  16. Skillset
  17. Institute for Cultural Enterprise
  18. Summer Cultural Entrepreneurship course at Academia Vitae
  19. Master of Arts, Creative Enterprise at Deakin University
  20. Master of Arts in Media and Creative Enterprise, Birmingham City University
  21. Master of Arts in Media and Creative Enterprise, University of Gloucestershire
  22. National Skills Academy for Creative and Cultural Skills
  23. QUT Creative Enterprise Australia
  24. Yarnteen Creative Centre
  25. Young Creative Entrepreneur Awards Programme

Also check out the extensive list in the sidebar of the Arts Entrepreneurship Educator’s Network.

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