Minister Kacır: A fund volume of 130 billion liras was provided through public support
Industry and Technology Minister Mehmet Fatih Kacır announced the fund volume reached through the leverage effect of public resources at the Terminal Istanbul Meeting held at Atatürk Airport.
Industry and Technology Minister Mehmet Fatih Kacır announced at the Terminal Istanbul Ecosystem Meeting held at Atatürk Airport that they have ensured the creation of a 130 billion lira fund volume through the leverage effect of public resources.
Terminal Istanbul Meeting Held
Bringing together key stakeholders of the technology, entrepreneurship, and investment ecosystem, the Terminal Istanbul Ecosystem Meeting took place at Atatürk Airport with the participation of Industry and Technology Minister Mehmet Fatih Kacır.
Important Companies and Organizations Attended
The event featured representatives from leading industry institutions such as Meta, Google, AWS, Samsung, Microsoft, Trendyol, Rasmal Ventures, Techstars Istanbul, ASELSAN, ROKETSAN, Turkish Technology, and Disrupt.
130 Billion Lira Fund Volume
Minister Kacır stated that they directed 5.8 billion liras of public resources through fund-of-funds and co-financing models, reporting that a fund volume of 130 billion liras was formed thanks to the leverage effect.
Investments Provided to Startups
Emphasizing that thanks to the support of the created funds, 1,091 technology startups received a total of 175 billion liras in investments, Minister Kacır stated that their efforts continue with determination.
2030 Targets Announced
Stating that they aim for the country to produce 100,000 technology startups by 2030, Kacır noted that they also aim for the total valuation of Turcorns to reach 100 billion dollars.