The new Centre for Creativity, Regulation, Enterprise and Technology (CREATe), led by the University of Glasgow, will examine a range of issues relating to digitisation, intellectual property issues and the growing creative economy. It will be funded by the Arts and Humanities Research Council (AHRC), Engineering and Physical Sciences Research Council (EPSRC) and Economic and Social Research Council (ESRC). NESTA, the Intellectual Property Office (IPO) and the Technology Strategy Board will also be involved, although will not be providing funding.
The UK has probably the largest creative sector in the world as a percentage of gross domestic profit (GDP), accounting for over 6% of the country's overall economy and contributing around £60 billion per year. CREATe will, according to its founders, address the challenges related to building a business, cultural and regulatory infrastructure to support and encourage those businesses, sparking innovation and allowing the economy to capitalise on new revenue streams.
To read the original article: Universities to collaborate on new copyright initiative to meet challenges of creative economy
