The Creative Economy – Nurturing Innovative Entrepreneurship in Europe Analysing the major challenges in acquiring entrepreneurial skills in creative SME in Finland.

Abstract

The refined understanding of the drivers beneath the post-industrial economy has spurred the evolution of the economic concept of the creative economy. Advanced economies alternated from industrialized economy towards a creative economy, where extraordinary value is an intrinsic component of products and services. It is apparent that these industries are becoming increasingly an important sector and fortitude of Europe’s future competitiveness.

The purpose of this dissertation was to have a more depth understanding of the concepts of creative economy and creative and cultural industries in the European context and particularly in Finland. The aim of the study was to examine from the policy point-of-view the possible challenges that creative and cultural industries and individuals have in the future. Additionally, in the analysis the intension was to recognize possible gab’s between legislations and implementation which affects small and medium sized creative and cultural industries.

This study was conducted by thorough an extensive literature review, providing an overview into creative economy. Some conclusions can be drawn from the findings that suggest that there is a gap between the intended influence of current initiatives and the actual results.