The idea behind Dutch Creative Business Fund 1 is simple: to finally make start a start with financing the most attractive economic sector for the future: the creative industry. It was the author Daniel Pink who described it so well in his book ‘A Whole New Mind’: ’The last few decades have belonged to a certain kind of person with a certain kind of mind – computer programmers who could crank code, lawyers who could craft contracts, MBAs who could crunch numbers. But the keys to the kingdom are changing hands. The future belongs to a very different kind of person with a very different kind of mind – creators and empathizers, pattern recognizers and meaning makers. These people – artists, inventors, designers, storytellers, caregivers, consolers, big picture thinkers – will now reap society’s richest rewards and share its greatest joys’.
The experienced investment company Icos Capital and the innovative creative cooperation Creative Industry SOFA shared their insights and joined their talents in order to set up Dutch Creative Business Fund 1. They will apply for the so-called Seed Capital Arrangement, installed by the Dutch Ministry of Economic affairs to stimulate creative entrepreneurship. This program is specifically designed for closed-end venture capital funds. The SEED Capital program allows VC investors to invest in high risk and starting companies in the creative industry. The SEED Capital is a soft loan for investment funds.
Extensive research was done the past few years amongst Dutch creative entrepreneurs on their needs for finance and amongst financial experts on how to fund creative companies. Today it seems more relevant than ever to bring creativity and finance together. DCB Fund 1 sets out to be the bridge between the two. Dutch Creative Business Fund 1 expresses its gratitude to all the creative and financial experts and the interviewed visitors at the Creative Company Conference who were so kind to share their thoughts in order to help in creating better access to capital for the creative industry. Thank you all for sharing your insights.
Content and concept need care and capital in order to grow ideas into business. Creative entrepreneurs and innovation driven investors will meet more and more as we realize that we need the ‘right side brainers’ as much as the ‘left siders’. But we also have to realize that we are only at the beginning of bringing together the world of creativity and the world of finance. There are no certified recipes for success. So Dutch Creative Business Fund 1 sets its ambitions high, but its expecations realistic. To be true to our investees and honest to our investors.