Presented by the Ministry of Trade, Industry and Investment
1
2
The GORTT has recognized the significance of the domestic creative economy. In this regard, the GORTT has identified the Culture and Creative Industries as one of six (6) potential strategic business clusters. This cluster comprises the following seven (7) subsectors: • Music • Film and New Media • Fashion • Arts • Publishing and Literature • Heritage • Festivals
3
The MTII because of its experience and on-going relationships has identified the following sub-sectors for diversification: • Music • Film and New Media • Fashion
4
The other four subsectors would be developed within the mandate of other Ministries with the existing institutional arrangements and expertise: Ministry of Arts and Multiculturalism and the Ministry of National Diversity and Social Integration and Ministry of Tourism • Arts • Heritage • Festivals Ministry of Planning and Sustainable Development • Publishing and Literature 5
6
High Level Panel Recommendation Coming out of the Report of the High Level Panel of Experts for the Implementation of Arts Cultural and Entrepreneurial Projects it was proposed that an agency referred to as Creative Capital be established and function as a central governing body for funding, training, research and development of the commercial and not for profit cultural/creative sectors. 7
CreativeTT will provide the administrative and support services for all of its subsidiaries which will lead to lower overhead for the Sector: • • • •
Research and Marketing Information Technology Finance and Accounts Legal/Intellectual Property 8
The mandate of CreativeTT will be to stimulate and facilitate the business development and export activities of the Creative Industry in Trinidad and Tobago to generate national wealth. CreativeTT would focus on three (3) of the seven (7 subsectors identified which include: • Film • Music • Fashion
9
Three (3) subsidiary companies would be established under the ambit of CreativeTT: • MusicTT • FashionTT • TTFC These subsidiaries would have a strategic and indispensable role in implementing the developmental aspects of each area. 10
The BOD of these subsidiaries would lend industry specific advice to the BOD of CreativeTT who would take the lead in setting the strategic direction for the industry. The Board of Directors of the CreativeTT would direct the development and commercialization of the local creative and cultural product in a sustainable manner. The BOD of CreativeTT will include representation from the Music, Film and Fashion subsectors. 11
• To ensure the harmonization of policy among the Creative Industry sub-sectors • To improve the business environment that supports the Creative Industry • To develop the creative product to become internationally competitive 12
The collective management of the creative sub-sectors with the formation of CreativeTT sets the foundation for clustering within the sector and allows the benefits of these synergies to be derived. CreativeTT will therefore provide a new model for collaboration among the sub-sectors of the Creative Industry. Lower overhead costs. 13
CreativeTT would be guided by a comprehensive Strategic Plan for the Development of the Creative Industry of Trinidad and Tobago. This Strategic Plan shall include subsector strategic operational components with a focus on developing Film, Music and Fashion.
14
THANK YOU 15