New Mexico is home to the first United States startup accelerator aimed at entrepreneurs in creative industries. That Albuquerque-based business, Creative-Startups, is accepting applications through the end of the month for its inaugural class of startup candidates.
The new accelerator aims to bring business sensibilities and savvy into fields dominated by “creatives,” including the fields of advertising, architecture, crafts, design, film, music, the performing arts, photography, publishing, game and app creation, television and radio.
Taken as a whole, these sectors of the economy are among the most vibrant, judging by a 2013 United Nations report, which found that global trade in creative fields grew at an average rate of 8.8 percent each year between 2002 and 2011 and that the annual growth rate of creative exports from developing countries in that period was12.1 percent.
Until now, few resources existed for startups in these professions to get the mentorship they need to start and sustain commercial enterprises based on creative products or services.