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Creating Prosperity: the role of higher education in ... - Universities UK

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<strong>Creat<strong>in</strong>g</strong> <strong>Prosperity</strong>: <strong>the</strong> <strong>role</strong> <strong>of</strong> <strong>higher</strong> <strong>education</strong><strong>in</strong> driv<strong>in</strong>g <strong>the</strong> <strong>UK</strong>’s creative economy123.24 This short discussion highlights a number <strong>of</strong> important features <strong>of</strong> <strong>in</strong>novation <strong>in</strong> <strong>the</strong>creative <strong>in</strong>dustries:• Technology <strong>in</strong>novation is <strong>of</strong>ten necessary but it is not sufficient – <strong>in</strong>novation <strong>in</strong> bus<strong>in</strong>ess modelsand creative practice are also crucial.• Innovation is open, collaborative and iterative, work<strong>in</strong>g through networks and up and down supplycha<strong>in</strong>s <strong>in</strong> ways that are nei<strong>the</strong>r well researched nor understood.• Traditional def<strong>in</strong>itions and measures <strong>of</strong> R&D and <strong>in</strong>novation do not capture <strong>the</strong> range and scope<strong>of</strong> <strong>the</strong>se activities (for example Miles and Green, 2008; Stoneman, 2009; Devl<strong>in</strong>, 2010).3.25 Although <strong>the</strong>se issues are not unique to <strong>the</strong> creative <strong>in</strong>dustries, <strong>the</strong>y are particularly acute <strong>in</strong> light <strong>of</strong><strong>the</strong> competitive speed to market that is required, <strong>the</strong> <strong>in</strong>tegral position <strong>of</strong> creativity <strong>in</strong> <strong>the</strong> products and<strong>the</strong> need to rapidly adapt bus<strong>in</strong>ess models. Higher <strong>education</strong> has a critical <strong>role</strong> to play <strong>in</strong> support<strong>in</strong>g<strong>in</strong>novation <strong>in</strong> <strong>the</strong> creative economy both through research activity <strong>in</strong> creative practice, technology andbus<strong>in</strong>ess management, and by ensur<strong>in</strong>g <strong>the</strong> transfer <strong>of</strong> academic expertise and knowledge to <strong>the</strong>creative sectors.p BA film and video student at London College <strong>of</strong> Communications, <strong>the</strong>largest constituent college <strong>of</strong> University <strong>of</strong> <strong>the</strong> Arts London and a worldleader deliver<strong>in</strong>g <strong>in</strong>dustry-orientated media and design courses.3.0 Drivers <strong>of</strong> <strong>the</strong> creative economy

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