Istanbul ranks fourth in Europe for investment – Business News

Erkam Tüzgen, Secretary General of Istanbul Development Agency (ISTKA), working under the coordination of the Ministry of Industry and Technology, answered questions on the entrepreneurship ecosystem and support programs financial, “Istanbul is the fourth most invested city in Europe in the first quarter of this year, after London, Paris and Berlin. It has become a city. In terms of investment in games, it ranks first in Europe and in the MENA region mentioned.

Recalling that as ISTKA they have launched a total of 6 different calls in 2021, including 4 financial support programs, 1 feasibility support and 1 call for regional venture capital funds, Tüzgen said: “We started to implement projects that deserve support. As ISTKA, we are providing support of TL 276 million to 158 projects in 2022. We are allocating TL 400 million to the regional venture capital program to ensure that our technology and innovation-driven startups have easy access to financing. used expressions.

Tüzgen said he has implemented various projects and activities to strengthen the entrepreneurship ecosystem in Istanbul since the day of their establishment, and made the following assessments:

“We conduct in-depth studies to prepare new business ideas for commercialization, to open our national technology companies to global markets, to increase cooperation between players in the entrepreneurship ecosystem and to develop permanent collaborations with institutions and national and international organizations Startup Genome, to which our agency contributes its data and expert opinions.We continue to work on the company’s GSER 2022 report.

Details of this report, which focuses on the world’s leading entrepreneurship ecosystems, are expected to be announced to the public soon. In the new period, we are contributing to 12 projects with a budget of TL 13.4 million under our financial support program for entrepreneurship. From the gaming industry to social enterprises; We support projects aimed at making Istanbul an international center of attraction for entrepreneurs, from health technologies to women entrepreneurs.”

Highlighting that Turkey’s first mobile games and esports incubation center, GamesUP, was established with the support of ISTKA, Tüzgen said, “Entrepreneurs with business ideas will develop their first games, and companies that need marketing and internationalization support will benefit from the accelerator program. Cybersecurity initiatives will find success in the global marketplace. The Cybercube Project, the cybersecurity acceleration and incubation program we support, provides access to infrastructure, training, technical mentors and consultants.

With the Investor Acceleration Platform project, we aim to support startups in terms of internationalization, access to financing and the establishment of collaborations. With the Trade Acceleration Platform project for Istanbul healthcare SMEs and startups, we aim to facilitate the sales and marketing processes of healthcare SMEs and startups in Istanbul. With the “International Entrepreneurship Center Istanbul” project, we aim to provide infrastructure, methodology, consulting and mentoring services to international entrepreneurs so that they can easily enter the Turkish market.”


Tüzgen said that a contract has been signed with 2 funds under the regional venture capital support program, to which TL 400 million has been allocated by İSTKA.

Stressing that this support programme, which will contribute to the development of regions and increase their competitiveness by providing capital to companies with rapid growth potential, initiatives based on technology and innovation will have much easier access to financing, and continued his remarks as follows:

“At the same time, we will make an important contribution to Istanbul’s vision of becoming a regional entrepreneurship hub. We aim to create new unicorns and decacorns that encourage and inspire other entrepreneurs in our country with the support of On the other hand, we signed a first for our country this year to bring our technology entrepreneurs to international markets.

We created the first Turkish pavilion for Turkish tech entrepreneurs at CES 2022, the world’s largest consumer electronics show, held from January 5-7, 2022 in Las Vegas, USA. At the Istanbul pavilion, 28 startups from Turkey presented their new products and technologies to the world for the first time. Among our startups that met customers and investors in the United States, there were companies that concluded cooperations, concession agreements, first sales-exports and received distribution offers.”

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