UDC 338.48
DOI: 10.36871/ek.up.p.r.2024.12.03.020
Authors
Dmitry I. Burlov,
North-Western Institute of Management – branch of RANEPA;
Saint Petersburg University of Management Technologies and Economics,
Saint Petersburg
Abstract
The article considers the economic mechanisms contributing to the innovative development of creative industries. Key aspects of the creative sector functioning are studied, including financial support structures, investment models and public-private partnerships. Special attention is paid to the role of intellectual property rights, government regulation and educational programs in the development of creative industries. Mechanisms of market access and expansion are analyzed, including the role of digital platforms and strategies for overcoming barriers to international expansion. Networking and cooperation through creative hubs and clusters are examined. Various sources of funding are explored, including venture capital, business angels and crowdfunding. Criteria for assessing the effectiveness of economic mechanisms are presented and the problems of measuring their impact on the development of the creative sector are analyzed.
Keywords
creative industries, innovative development, economic mechanisms, intellectual property, public-private partnership, creative clusters, venture capital financing, digital platforms, creative economy, innovation ecosystem.
