Define and discuss the role of Entrepreneurs in the creative industries’ management in the 21st century.’

Role of Entrepreneurs in Creative Industry in the 21st Century
Creative industries have evolved in the 21st century from their old areas such as art and craft, theatre, and designer fashion to the modern and vibrant areas such a digital media communication and software development. In this evolution, entrepreneurs have played significant roles both in addressing the existing challenges and transition of arts into new forms. Entrepreneurs in creative industries refer to the individuals who identify or create opportunities for providing the cultural experience, services, and products for profits. As a result of changes, creative industries have acquired and promoted new definitions of cultural economic, creativity, and intellectual property. In its purpose, this study investigates the key role entrepreneurs have played in the industry to restore its aspects of relevance, productivity, and growth. The key role of entrepreneurs lies in their ability to mobilize funding, ally with support agencies and influence the government policies for increased relevance and growth of the creative industry.
Since the beginning of creative arts in the 21st century, entrepreneurs have remained the source of finances and major planning. Protogerou, Caloghirou, and Marko (2016) note that access to finances remains a challenge in creative industries. In most times, even the grants or loans from individuals come attached to strict terms thus increasing the risks for artists. Sometimes financial …