Creative Enterprise: Evolve
In partnership with UKBAA, Creative England & British Film Institute
Where investment meets creativity
Creative Enterprise Evolve is a unique programme developed in partnership with Creative England, British Film Institute and UKBAA to showcase the incredible investment opportunities offered by UK screen-focused businesses.
In the UK, the creative industries contribute £111.7b GVA to the economy, with over £8bn of that attributed to businesses from the creative screen-based sub sectors, yet despite this immense contribution, creative industries remain an extremely undeserved area for early stage investment.
In this programme, we seek to identify the key barriers and myths that are standing in the way of investors engaging with the creative industries. By taking a deep-dive into the creative screen-based space, the investors stream of Creative Enterprise Evolves will unveil the budding opportunities awaiting angels and take them on a journey to discover what AR/VR, animation, games, high-end and children’s TV, film and content creation have to offer.
Further to our work as part of the 2019-2020 programme, we’ve continued our efforts to increase awareness of the investment potential of the sector, highlight the impressive success stories and pinpoint market gaps as part of the Creative Enterprise Evolve 2020-2021 programme – see below for more on the highlights from this most recent activity; please also see here for a full retrospective on this latest support.
Creative Enterprise Evolve is multifaceted investment programme designed for investors to highlight the budding opportunities offered by creative screen-focused businesses. In this unique programme, we seek to increase access to valuable information and resources for angels, highlight the high-growth success stories in the sector and offer ongoing support to angels seeking to back innovative storytellers.
Looking at the creative industries with a view on the impressive screen-based sector, we are introduced to an array of sub sectors that offer incredible opportunities for investors. Throughout this 8 month programme, we will unpick what each of the following sub-sectors offer and how angels can engage with leading businesses:
- AR and VR
- High-end and Children’s TV
Round table deep dive discussions create the perfect platform for knowledge sharing, open discussion and networking, which is the key to increased engagement in this space. Throughout the Creative Enterprise Evolve Programme, we hosted a series of round table events that highlight our key sub-sector focus areas (including Media Tech, Gaming and Animation to name a few), where leading experts and investors were invited to share their experiences and insights with our investment community.
Some of the exceptional founders and industry experts that we have been fortunate to have involved in these events include:
- Alix Wiseman, SVP, Distributions & Acquisitions, 9 Story
- Fiona Dent CEO, Makerversity
- Gina King, Partner, SVP, Operations + Community, Supernode Global
- Ian Livingstone CBE, Co-founding Partner, Hiro Capital
- James McClurg, Director, Startup Investments & Partnerships, Sky (Venture Capital)
- Dr Jo Twist OBE, CEO, UKIE
- John Clark, CEO, Curve Digital
- Kate O’Connor, Executive Chair, Animation UK Council
- Liz Brion, Partner, Grant Thornton
- Miles Bullough, Co-founder & Managing Director, Wildseed Studios
- Oli Hyatt MBE, Creative Director, Blue-Zoo Animation
- Simon Windsor, Joint Managing Director, Dimension Studio
- Steve Cottam, CEO & Founder, Antstream Arcade
- Steve Tinkler, CFO, Tonic Games
- Travis Baxter, Angel Investor, Chair of Object Matrix, Mentor
On Thursday 15th April we were delighted to present the Investing in Innovation and Creativity pitch event. The online event saw a group of innovative screen-focused businesses deliver 5 minutes pitches, as well as take part in a proceeding online Expo. The event marked the culmination of the businesses’ involvement in the Creative Enterprise Evolve programme, as well as a chance to put their refined offerings in front of a large, engaged group of investors from across our investment community.
To help us understand what are the barriers and opportunities for investing in the creative sub-sectors of screen-focused businesses, we carried out a survey among our community. The results presented an interesting temperature reading on the appetite to invest in the sector, showcasing that despite only a small proportion of angel investment going into this space, there is a desire for more access to market intelligence and access to investment ready businesses.
“There are significant untapped opportunities for investors to back creative entrepreneurs who are building innovative screen focused businesses across the UK. Yet many of these businesses have lacked access to the risk capital they need to achieve their growth ambitions. We are therefore, delighted to be continuing our work with Creative England and the BFI to enable many more angels and early stage investors to connect with investment ready businesses in this sector, and increase the pool of capital available to many more scaling businesses in this sector “
Jenny Tooth, OBE, Chief Executive, UK Business Angels Association
Investor Articles and Resources
Investing in Innovation and Creativity
A look back at the activity from the latest Evolve programme
Investor Ambassador Interview: James McClurg,
Startup Investments & Partnerships, Sky (Venture Capital)
Investor Ambassador Interview: Gina King,
Partner & SVP of Operations and Community, Supernode Global
For Creative Founders
Led by Creative England in partnership with the British Film Institute and UK Business Angels Association, the programme is for high-potential screen-based companies and technology platforms that innovate across video-games, visual effects and animation, immersive media and film and TV.
Perhaps you’ve not raised investment before and don’t know where to start or you’ve already in the process of raising and you need some help – on this selective programme you will evaluate your business offering, define your investment goals, and connect with experts and investors who can help you take your business forward.
Creative Enterprise: Evolve is a unique programme that prepares high-potential screen businesses for growth capital.
The bespoke programme takes 11 companies from across the English regions to engage in 4-stage pathway to investment readiness, including a series of one-to-one sessions, investor introductions, pitching platforms and combined peer-to-peer group meetings to challenge and prepare companies for further investment and growth.
- Diagnostic – a review of your business offer and future plan
- Define – your growth plan and set your investment goals
- Propose – build your investment strategy and deck
- Connect –soft introductions to investors and pitch presentation showcase
A range of the innovative businesses that took part in the latest programme, culminating in an exciting live pitch event, include the following – click through on their logos to find out more about them.
“As demand for content from audiences around the globe continues to grow, screen-businesses can offer high-potential investment opportunities, but many investors feel they don’t have the industry expertise to take advantage of the opportunity. Creative England has partnered with UKBAA to collaborate on our Evolve programme and work with angel investors to share market insights, increase their understanding of the sector and connect them to ambitious businesses who are ready for investment.”
Mehjabeen Patrick, CFO/COO, Creative England & Creative Industries Federation