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Turkish entrepreneurship and investment ecosystem growth

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-10-23 11:45 UTC → 2026-10-25 12:47 UTC · added removed

Turkey is expanding its support for startups and innovators through large-scale summits and increased government funding. Events such as the Growtech Antalya 2026 Startup Competition and the 3rd International Export and Investment Summit (ITS 2026) are providing platforms for startups to connect with investors, particularly in sectors like agricultural technology and digital farming. The ITS 2026 has significantly expanded, hosting 300 startups compared to 70 in its inaugural year. As the ecosystem evolves, there is a strategic shift toward global scalability. Industry experts, including 212 Co-Founder Ali Karabey, note that Turkish startups are increasingly targeting international markets, investors, and customers markets from their inception. Karabey emphasized that being a “Turkey champion” is no longer sufficient, as the goal must be to become a “world champion.” To facilitate this transition, the government has introduced significant financial measures. Industry and Technology Minister Mehmet Fatih Kacır announced a new KOSGEB Entrepreneur Support Program offering up to 2.5 million lira in financing, with applications open until October 31. This follows the distribution of 645 million lira to over 31,000 businesses earlier in 2024. Furthermore, 6.4 billion lira has been allocated for 4,476 projects under the Business Development Support program, with 2.4 billion lira already distributed. Looking toward long-term growth, Minister Kacır has set a target of reaching 100,000 technology startups by 2030, aiming for a total valuation of 100 billion dollars for ‘Turcorns’. In the first nine months of the year, 8.3 He also noted that annual R&D spending has grown from $1.2 billion lira was provided to 9,600 projects involving 188 universities and 2,516 companies. Additionally, the Competitive Sectors Program (IPA II), in cooperation with the European Union, has provided approximately 260 million euros to 43 projects to support green and digital transformation. Recent developments include $20 billion over the opening of last 20 years. Recent high-level engagement includes the Bilkent CYBERPARK Ulus Entrepreneurship Office GO! GLOBAL Türkiye Summit in Ankara Istanbul, organized by DEIK and Endeavor Türkiye. The summit featured a specialized ‘Limited Partners (LP)/Venture Capital (VC) Day’ to provide mentorship attract international capital. Additionally, $3 billion in public support has been allocated for data center and finance access. At artificial intelligence investments under the third GO! HIT-30 High Technology Investment Program.

Versions

  1. 2026-10-25 12:47 UTC Turkish entrepreneurship and investment ecosystem growth
  2. 2026-10-23 11:45 UTC Turkish entrepreneurship and investment ecosystem growth
  3. 2026-10-14 11:24 UTC Turkish entrepreneurship and investment ecosystem growth
  4. 2026-10-12 12:36 UTC Turkish entrepreneurship and investment ecosystem growth

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