The Ministry of Industry and Technology is activating a giant financing package to support Türkiye’s 2030 vision in the field of technology entrepreneurship. Within the scope of the new strategy announced by Minister Mehmet Fatih Kacır, the Ministry will contribute to venture capital funds in total. $300 millioncites a source. This move will trigger private sector investments and More than $750 millionIt is aimed to create liquidity. It is planned to open a new page in Turkey’s high technology journey with the “Venture Capital Fund Calls”.

New Model That Will Be a “Lifeline” for Technology Startups

Technology startups, which have become the driving force of economic growth around the world, are also at the center of development in Türkiye. The new model designed by the Ministry offers a “seamless financing ladder” covering all processes of startups from the idea stage to global scaling. With this strategy, it is aimed not only to provide direct financing, but also to direct private sector capital to technology-oriented businesses by using the leverage effect of public resources.

Looking at the past years, it can be seen that technology investments in Türkiye have gained serious momentum. The investment amount, which was only 280 million dollars between 2011 and 2015, has exceeded 5.6 billion dollars in the last five years. This huge increase proves that Türkiye is taking firm steps towards becoming a regional technology hub.

2030 Target: 100 Thousand Startups and 100 Billion Dollars Valuation

The number of companies that have exceeded a billion dollar valuation, called “Turcorn” on Turkey’s technology map, has reached 8 today. But the goals are much bigger. Ministry of Industry and Technology, from Türkiye by 2030 100 thousand technology startupsand the total value of these initiatives to exceed 100 billion dollars.

On the way to this goal, turning Istanbul into a global finance and technology center plays a critical role. The “Terminal Istanbul” project, in which Ataturk Airport terminal buildings are transformed, claims to be the world’s largest technology and entrepreneurship center. Incubation centers and accelerator programs to be established here will be the main point that brings together local startups with global investors.

Thematic Support Period with 6 Different Fund Calls

Within the framework of the new financing strategy, fund calls were designed in 6 different categories. These calls directly target needs at different layers of the ecosystem:

• Advanced Stage Venture Capital Fund:This fund, to which the Ministry will contribute 100 million dollars, aims to accelerate the growth of startups, especially in the Series A and beyond stages.

• Artificial Intelligence Fund:It focuses on artificial intelligence initiatives with high global competitive potential.

• Biotechnology Focused Fund:It supports areas that require long-term patient capital, such as genetics and pharmaceutical technologies.

• KOSGEB Subsidiary:It provides a resource of 100 million dollars to finance the digital and green transformation processes of SMEs.

Türkiye’s Place in Global Competition and Competitors

While strengthening its technology ecosystem, Türkiye competes with “startup-friendly” countries such as Israel, Estonia and the United Kingdom on a global scale. For example, while Israel has long been a leader in terms of the number of enterprises per capita and R&D investments; Estonia attracts technology professionals with its “e-residency” and digital incorporation processes.

Türkiye’s trump card in this competition is the “Digital Company” and “TechVisa” applications. These programs, which enable more than 5 thousand technology professionals from 97 countries to come to Turkey, make our country a center of attraction not only for local entrepreneurs but also for global talents. The new digital platform, which allows remote company establishment without having to be physically present in Turkey, represents a strong alternative to the modern applications offered by Competitors such as Estonia and Singapore.

Stock Options and Tax Facilities for Employees

An important regulation is being implemented regarding retaining qualified workforce, which is one of the biggest problems of enterprises. The period required for the tax exemption of shares given to employees is reduced from 12 years to 6 years. This step encourages employees to share in the company’s success while easing the tax burden on enterprises.

With these new publicly supported financing models and legal regulations, Türkiye reinforces its vision of becoming a “producing and exporting” power in the technology world. The call to investors is clear: Don’t miss the opportunities in Türkiye’s growing ecosystem.