100 Million TL from KOSGEB to Venture Capital Investment Fund
KOSGEB was also included in the Venture Capital Investment Fund. In addition to Informatics Valley, KOSGEB invested an additional 100 million TL in the fund, which was realized with the initial capital of Albaraka Türk Participation Bank and Vakıf Katılım. The 11 startups that received investment from the fund, which was implemented for the first time in Turkey in partnership with a technopark and participation banks, were introduced in Informatics Valley, Turkey's technology and innovation base.
Speaking at the ceremony, Minister of Industry and Technology Mustafa Varank stated that they will announce the National Technology Entrepreneurship Strategy they have prepared in a short time and said, “Our goal is to establish 100 thousand technology enterprises by 2030. By 2030, Turkey will be among the world's top 10 most developed ecosystems in technology entrepreneurship. We will make Istanbul one of the top 20 centers of entrepreneurship in the world.” said.
Fund Size 300 Million TL
The Venture Capital Investment Fund was launched in 2021 with an initial capital of 100 million TL from Bilişim Vadisi, Albaraka Türk Participation Bank and Vakıf Katılım Bankası. Later, with the additional investments of KOSGEB, the relevant institution of the Ministry of Industry and Technology, and Vakıf Katılım, the fund size reached 300 million TL.
Thousand Startups Examined
The fund, which was established with the aim of investing in startups in the field of civil technologies, examined nearly a thousand startups and decided to invest in 11 companies. 11 companies that received investment from the fund were introduced with a program held in Informatics Valley.