Harvard i-lab | What Is Cultural Entrepreneurship? What Does the Challenge Entail? | Summary and Q&A

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November 13, 2013
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Harvard Innovation Labs
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Harvard i-lab | What Is Cultural Entrepreneurship? What Does the Challenge Entail?

TL;DR

Harvard ILab is hosting a challenge to encourage cultural entrepreneurship, which involves creating sustainable organizations that combine artistic and entrepreneurial efforts to enhance the arts and address societal issues.

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Key Insights

  • 👾 The ILab challenges, including the Cultural Entrepreneurship Challenge, aim to provide a safe space for experimentation and idea development.
  • ❓ Cultural entrepreneurship involves creating sustainable organizations that combine artistic and entrepreneurial efforts.
  • 🥰 Successful cultural entrepreneurship organizations enhance the arts and address societal issues.
  • 🧑‍🎨 Funding, audiences, technological changes, artist services and support, collaboration across artistic disciplines, and enhancing the impact of arts on society are areas of focus for the challenge.
  • 🌱 Participants should submit proposals that demonstrate their idea, its potential impact, progress made, and plans for execution and financial sustainability.
  • 💸 The challenge offers a chance to win up to $50,000 in prize money and access to mentorship and support.

Transcript

as megan said here i am mukti khaire i am a faculty member here at the harvard business school and i i'm in the entrepreneurship unit where i focus primarily on research and teaching related to entrepreneurship in the creative slash cultural industries by which i mean a whole host of a whole host of things and i'll come to that in just a bit i um i... Read More

Questions & Answers

Q: What is cultural entrepreneurship and why is it important?

Cultural entrepreneurship refers to the creation of sustainable organizations that combine artistic and entrepreneurial efforts to enhance the arts and address societal issues. It is important because it allows artists to have a more stable and financially sustainable career while making a positive impact on society.

Q: What are some examples of successful cultural entrepreneurship organizations?

Examples include the Sundance Institute, Kickstarter, and Musee. These organizations have successfully combined artistic and entrepreneurial efforts to support artists, enhance the arts, and address societal issues.

Q: How can participants demonstrate the potential impact of their idea?

Participants should provide data and evidence that support their idea and its potential impact. This can include customer sign-ups, progress made, and plans for data gathering in the future. It is important to show a thoughtful plan for using the prize money to further test and develop the idea.

Q: Is it necessary to have a team with diverse skills in order to be successful in the challenge?

Yes, having a team with complementary skills is important for the success of the venture. It shows that the team has considered the necessary expertise needed to execute the idea and make it financially sustainable. If the team lacks certain skills, they should provide a plan for acquiring those skills through hiring or outsourcing.

Summary & Key Takeaways

  • The challenge aims to encourage participants to develop plans for organizations that can enhance the arts and address societal issues.

  • The challenge focuses on funding, audiences, technological changes, artist services and support, collaboration across artistic disciplines, and enhancing the impact of arts on society.

  • Participants are required to submit a proposal that demonstrates their idea, its potential impact, progress made, and plans for execution and financial sustainability.

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