The Workplace, by Lara Zankoul Photography
As entrepreneurship is embraced by the arts sector and the links between entrepreneurship and artists comes into sharper focus, the conversation around how we can foster entrepreneurship in our state institutions and universities comes to the fore.
Last week, the Victorian Government committed $55.4 million to the redevelopment of the State Library of Victoria, which will see the introduction of an innovation centre incorporating a centre for entrepreneurship.
Minister for Creative Industries, Martin Foley, emphasised the importance of a dedicated centre for entrepreneurship: ‘As our economy changes, as the creativity of our economy and people becomes more and more important, there need to be opportunities for knowledge to be turned into tangible outcomes and to make sure that the young people in particular that surround this facility have the opportunity to take that knowledge and turn it into creative outcomes.'
Census analyses show that collectively, the creative industries are growing significantly faster than other economic sectors. The Victorian Government considers innovation and creativity as key determinants to economic growth, signified with the renaming of Arts Victoria to Creative Victoria last year.