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February 26, 2024
1 min read

Innovate and Invest: The Aegean Region’s Leap Forward

TLDR:

  • The Venture Capital Meetings at the Historical Gas Factory in the Aegean Region showcased the importance of venture capital in fostering innovation and growth in the software and IT industry.
  • The event focused on gender diversity, leveraging local strengths, accessing funds, and nurturing future talent in the tech sector.

On a day filled with anticipation and progress, the Aegean Region’s Historical Gas Factory became a hub of innovation during the Venture Capital Meetings. Organized by the Software and Information Technology Industrialists Cluster Association (YABİSAK) and Endeavor Turkey, the event highlighted the synergy between technology companies and venture capital in the region. Dr. Faruk Güler, chairman of YABİSAK, emphasized the crucial role of venture capital in supporting innovative business models and nurturing growth in the software and IT industry.

The event underscored the vital role of venture capital in expanding the software and IT sector, with success stories like Codeway’s substantial $750 million investment illustrating Turkey’s emergence as a leader in fields such as mobile game development, blockchain, and metaverse applications. Gender diversity was also a key focus, with discussions highlighting the positive impact of inclusive policies on startup performance. Efforts like the AUXXO Female Catalyst Fund aim to bridge the gap between female founders and the venture capital world.

Additionally, the event emphasized leveraging local strengths in areas like agricultural technology and tourism technologies, advocating for a decentralized approach to innovation. Panel discussions also provided insights into accessing venture capital funds and celebrated initiatives like the ‘Youth Employment Project,’ which provides IT and software development training to shape the next generation of tech pioneers in Turkey.

As the Venture Capital Meetings concluded, the discussions and connections made at the Gas Factory hinted at a bright future for the software and IT industry in the Aegean Region. With the support of venture capital, the region is poised to enter a new era of technological advancement and economic growth.

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