Urban Development through Cultural Entrepreneurship: A Case Study of Budapest and Baldaszti Capital Partners

Annika Bloch Christensen

Student thesis: Master thesis


This master’s thesis investigates cultural entrepreneurship and its potential contribution to urban development. A case study of Budapest and the entrepreneurial company Baldaszti Capital Partners is chosen to exemplify the studied field. The thesis therefore opens with an introduction to the empirical case, before continuing to a presentation of the literature. In a linear argument, concepts relating to the two overall themes: Creative Industries in an Urban Context and Urban Development in Post-Socialist Budapest are presented. Based on the theoretical framework, the fieldwork investigating the case study was completed using methods including qualitative interviews, observational notes and photographs. An analysis and discussion of the findings will pursue to answer how cultural entrepreneurship works for Baldaszti Capital Partners, if urban development can be led by cultural entrepreneurship, and whether it matters in respect to the case that Budapest is a post-socialist city. The thesis concludes that cultural entrepreneurship can contribute to urban development in the case of Budapest and Baldaszti Capital Partners, and it is performed by focusing on unexplored locations and creating life in new areas. It is also established that it appears to matter for the case that the city is post-socialist, by means of spatial opportunities and inspiration inherited from the socialist times.

EducationsMSocSc in Management of Creative Business Processes , (Graduate Programme) Final Thesis
Publication date2016
Number of pages190