TLDR:
- Turkish tech startups are attracting billions in global investments, with a surge in interest from international venture capital funds.
- Minister Mehmet Fatih Kacir highlights advancements in health, green, digital transformation, and AI technologies in Turkish startups.
The Turkish Technology Minister, Mehmet Fatih Kacir, recently disclosed a growing interest from international venture capital funds in investing in Turkish technology startups. The meetings held in London showcased Turkey’s progress in various technologies, including health, green transformation, digital transformation, and artificial intelligence. Minister Kacir noted that Turkish startups have attracted $4 billion in investments over the past three years, a significant increase from previous years. This influx of capital has led to the emergence of billion-dollar startups, known as “Turcorns,” in sectors such as gaming, e-commerce, software, and fintech.
Minister Kacir outlined an ambitious vision to foster 100,000 technology startups in Turkey by 2030, with 100 achieving Turcorn status. He emphasized the need for international collaborations and effective communication of Turkey’s success stories in technology entrepreneurship. The minister also highlighted the innovation-friendly regulatory environment in Turkey, attributing the success of fintech startups to the public sector’s approach. Discussions also focused on Turkey’s macroeconomic indicators and the decline in credit default swaps, indicating a positive outlook for investments in Turkey.
Turkey currently hosts over 10,000 tech companies operating in technoparks, focusing on innovation and R&D. Minister Kacir stressed the importance of growing venture capital funds in Turkey to support these startups. He expressed confidence in Turkey’s ability to create new success stories through value-added, competitive, and efficient production in high-tech sectors. The minister concluded by affirming the country’s commitment to accelerating the growth of technological startups through enhanced relationships with international investors.
