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The Lab and the Street




        Tom Campbell
          Associate
         Global Cities
Who we are
             • Economic Development
             • International
               Communications
             • Place-branding specialists
Characteristics of
   Knowledge Economy
• High levels of education and skills
• R+D investment
• Defensible IP (patents, trademarks)
• Collaboration with research base
• Formalizing and solving problems with
proven market need
• Well understood processes and metrics
• Market structure dominated by large
corporations
The Creative Industries is an
essential part of this
• High levels of education
• Prosper in developed economies (6% of GVA in
the UK)
• Strongly linked to technological advances
• Value lies in IP and human capital rather than
physical capital
But with distinct characteristics
• Industry dominated by small and ‘micro’ (<10 employees)
businesses

• Workforce characterized by freelancers, consultants, agents,
entrepreneurs

• IP is increasingly difficult to protect

• ‘Nobody knows anything’ – very difficult to predict success

• Market led by new fashions, tastes, trends, styles (e.g. music,
fashion)

• Strong emphasis on informal knowledge (‘the street’)
So… implications for growing a city’s
creative economy
  You need “the Lab”:

  • Excellent education institutions (especially universities) which
  are open to collaboration

  • Cultural institutions: museums, libraries, galleries

  • Sound regulatory and IP framework

  • Investment in R+D
But you also need ‘the street’…

  • Wide diversity of cultures, styles, approaches

  • Openness, tolerance, freedom to create and dissent

  • Strong business support and start-up culture

  • Affordable workspace

  • Opportunities to network and share ideas (festivals,
  events)
London’s Strategy has been to encourage
both…
  • Encourage diverse populations to enter into creative industries

  • World-class institutions, but also support for workspace,
  business support, access to finance

  • Encourage universities to become drivers of enterprise as well
  as research/learning

  • Strong focus on showcasing, promotional events and links to
  international markets

  • Planning to encourage independence, small retail, café culture

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The street and the lab_Tom Campbell_Interra2012

  • 1. The Lab and the Street Tom Campbell Associate Global Cities
  • 2. Who we are • Economic Development • International Communications • Place-branding specialists
  • 3. Characteristics of Knowledge Economy • High levels of education and skills • R+D investment • Defensible IP (patents, trademarks) • Collaboration with research base • Formalizing and solving problems with proven market need • Well understood processes and metrics • Market structure dominated by large corporations
  • 4. The Creative Industries is an essential part of this • High levels of education • Prosper in developed economies (6% of GVA in the UK) • Strongly linked to technological advances • Value lies in IP and human capital rather than physical capital
  • 5. But with distinct characteristics • Industry dominated by small and ‘micro’ (<10 employees) businesses • Workforce characterized by freelancers, consultants, agents, entrepreneurs • IP is increasingly difficult to protect • ‘Nobody knows anything’ – very difficult to predict success • Market led by new fashions, tastes, trends, styles (e.g. music, fashion) • Strong emphasis on informal knowledge (‘the street’)
  • 6. So… implications for growing a city’s creative economy You need “the Lab”: • Excellent education institutions (especially universities) which are open to collaboration • Cultural institutions: museums, libraries, galleries • Sound regulatory and IP framework • Investment in R+D
  • 7. But you also need ‘the street’… • Wide diversity of cultures, styles, approaches • Openness, tolerance, freedom to create and dissent • Strong business support and start-up culture • Affordable workspace • Opportunities to network and share ideas (festivals, events)
  • 8. London’s Strategy has been to encourage both… • Encourage diverse populations to enter into creative industries • World-class institutions, but also support for workspace, business support, access to finance • Encourage universities to become drivers of enterprise as well as research/learning • Strong focus on showcasing, promotional events and links to international markets • Planning to encourage independence, small retail, café culture