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The "National Startup Strategy" constitutes one of the five components of the "2023 Industry and Technology Strategy," which is part of the "National Technology - Strong Industry" approach. "Entrepreneurship" is one of the key pillars of this strategy. "Technology Entrepreneurship" is also considered a significant component of the country's development and the National Technology Initiative. In this context, the "National Startup Strategy" was published on October 27, 2022, aiming to accelerate the development of technology entrepreneurship in the country, identify the open areas for growth in the entrepreneurship ecosystem, and strengthen these areas strategically to build a globally leading technology entrepreneurship ecosystem.

This guiding document, formulated with the active contribution of ecosystem stakeholders, is referred to as the "National Startup Strategy.[1]" It aims to create a technology entrepreneurship ecosystem with high competitiveness internationally and position our country as a hub for technology ventures. Through a participatory process, the strategy encompasses all ecosystem stakeholders, closely monitors international players, analyzes differences and strengths, and develops inclusive policies to guide entrepreneurs.

The National Startup Strategy outlines nine objectives to implement relevant actions. By 2025, the objectives include increasing the number of angel investors in our country to 5,000, reaching a crowdfunding activity volume of 2.5 billion TL, ranking among the top 20 advanced ecosystems globally, allocating 5 billion TL in public support to the entrepreneurship ecosystem, and producing 15 Turcorns[2] and 5 Decacorns from our entrepreneurship ecosystem. By 2030, the goals include positioning our entrepreneurship ecosystem among the top 10 globally, making Istanbul one of the top 20 centers for entrepreneurship, and increasing the number of tech startups to 100,000.

The Strategy focuses on four key dimensions to generate impact potential: Equal Opportunity, Sustainable Living, Investment in the Future of Youth, and Focus Development Areas. It is expected that the Strategy will reflect these colors to the maximum extent in social life and the national economy.

By addressing the comprehensive development of the technology entrepreneurship ecosystem in our country and providing a roadmap, the Strategy presents a plan with 90 actions formed based on 30 strategies. These strategies cover five main topics: Accessible Financial Tools, Opportunity-Providing Policies, Talent and Encouraging Culture, Leading and Inclusive Support, and Entrepreneur-Friendly Market Conditions.

The Strategy, designed to foster the development of the technology entrepreneurship ecosystem in Türkiye and establish a global claim in the technology sector, reflects the ideal of a public entity that closely follows the world, analyzes differences and strengths, develops and implements appropriate policies, and encourages and achieves all stakeholders' contributions and participation. Consequently, the Strategy invites all public institutions, investors, non-governmental organizations, corporate companies, local actors, ecosystem experts, entrepreneurs, prospective entrepreneurs, and other stakeholders to join its vision and motivation through an open call. It encourages them to contribute to the "Entrepreneurship for the Future" initiative.

[1] According to the strategy, a "Tech Entrepreneurship" is defined as a venture company that conducts activities focused on technology and innovation, is no more than 10 years old, has a scalable business idea, and possesses the potential for rapid growth.

[2] Turkish startup firms that rapidly scale from the startup level to reach a valuation of 1 billion dollars are referred to as "Turcorns."


SOURCE: sanayi.gov.tr

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