TLDR:
Industry and Technology Minister Mehmet Fatih Kacır stated that Türkiye aims to become a hub for technology companies, with a focus on attracting international entrepreneurs through the Tech Visa program. Investments in technology-based startups in Türkiye have been on the rise, reaching $4 billion between 2020 and 2023. Kacır outlined plans for the growth of technology and entrepreneurship ecosystems, aiming to have 100,000 technology startups in Türkiye by 2030.
Full Article:
Türkiye is working towards establishing itself as a key player in the technology venture industry, according to Industry and Technology Minister Mehmet Fatih Kacır. Kacır recently met with executives of international venture capital funds in London to discuss Türkiye’s potential in the technology sector. The country has seen a significant increase in investments in technology-based startups over the last few years, with over $4 billion invested between 2020 and 2023.
One of the key initiatives to attract international talent to Türkiye is the Tech Visa program, which offers exclusive invitations to individuals with expertise in technology and innovative business models. Kacır highlighted the importance of nurturing the startup economy in Türkiye to drive the country’s development forward. The goal is to have 100,000 technology startups in Türkiye by 2030, with a portion of them exceeding $1 billion in value to become Turcons.
Aside from focusing on technology startups, Türkiye is also in advanced talks with Chinese carmakers like BYD and Chery for factory investments. The country’s customs union with the EU and advanced automobile industry make it an ideal base for exports into the European market. The potential investments from Chinese firms could also lead to opportunities for battery investments in Türkiye.
In addition to the tech and automotive sectors, the article briefly touches on internal political divisions in Israel over the situation in Gaza, as well as upcoming decisions by the Central Bank in Türkiye regarding the interest rate. The sports section highlights an upcoming title decider match between Galatasaray and Fenerbahçe in the Turkish Süper Lig.
