Tag Archives: startups

Turkish startup ecosystem

In development of modern economies, one of the key roles is played by startups. A well-developed ecosystem of startups creates favorable conditions for development of innovative solutions and products that can sometimes revolutionize the market. Turkish startups are still far away from the leading in innovation California’s ‘Silicon Valley’, but the local ecosystem is slowly starting to shape solid foundations. Turkish startups receive support from government institutions such as TUBITAK or TEPAV.

One of the sectors, which pulls the Turkish economy forward, are information and telecommunication technologies. The sector’s development is conducive to the demographic structure of Turkey and the government’s policy. Compared to Western Europe, the Turks are very young people. One-fourth of the citizens did not exceed 15 years of age, and half of the population are people who are under thirty. This is potentially a very large group of consumers of mobile services and portable electronic devices.

TUBITAK provides grants and funding, supporting primarily research and development. TEPAV in turn, is a think-tank on issues of cost, which is involved in the Global Entrepreneurship Program organized by the US government. It is a bridge between Turkish businessmen and American investors. Within the frame of ‘Techno-entrepreneur’ program, the Turkish Ministry of Science, Industry and Technology promotes technological parks and provides their federated startups seed capital in the amount of USD 55 thousand.

The greatest achievements, among public institutions, in the field of startups support has TTGV – Technology Development Foundation of Turkey, which was founded in 1991 with a loan granted by the World Bank Ankara. TTGV mainly supports the most innovative technology projects. To date, the foundation has supported 950 projects in the amount of USD 300 million. The Foundation also had a sizable contribution to creation of two companies supporting startups: Is Girisim and Turkven, which created foundations for investing based on venture capital principles. Since 2000, the two institutions have co-financed entrepreneurs in the amount of more than USD 3.5 billion.

In Turkey, they are also present non-profit organizations with a global reach. One of them is Endeavor, an organization supporting entrepreneurs from around the world which have potentially ‘high firepower’. The organization was founded 1997 in Argentina and Chile. Its purpose is to search for promising entrepreneurs in emerging markets countries. In 2006 it opened a branch in Istanbul. Endeavor looks after, among others, as promising startups from wireless technologies industry as: Pozitron and AirTies. Here also was raised Yemeksepeti – an e-commerce platform through which so successfully is sold fast food served by brands such as: McDonald’s, Burger King or KFC – with delivery to the customer.

Some other notable startups of Turkish startup ecosystem include Onedio, called also “BuzzFeed of Turkey”, social gaming company Peak Games, the largest classified site sahibinden,  huge shopping platforms like hepsiburada.com, n11.comgittigidiyor (which is part of eBay) and Trendyol,  marketing tool Insider,  fintech platform iyzico, taxi-booking app BiTaksi, delivery startup under 1h from nearby places called KapGel etc. We will soon cover the most important startups from Turkey in much more details. Stay tuned!

STATION F, the world’s largest startup campus, will be opened in April 2017

The world’s largest startup campus, STATION F, will be soon opened in April 2017 in central Paris. The campus will own an area of 34,000m2 and it is dedicated for over 1,000 startups. In the startup zone there will be over 3,000 desks, private offices, meeting rooms, various event spaces, an auditorium for 360 attendees, an on-site fablab, a post office, a pop-up shop, a café, a 4-kitchen restaurant and a bar. In 2018 there will also be built a housing facility for 600 entrepreneurs to live in nearby apartments.

STATION F has just opened startup applications. You can apply to a variety of startup programs run by partners. Or you can apply to STATION F’s Founders Program from December 5th to February 5th online at www.stationf.co. The pricing is €195/desk/month.

STATION F revealed its first members: Facebook, TechShop, vente-privee, and more. Some of the first campus members will include various top-tier players from the international startup ecosystem: the incubator of top French business school HEC Paris; top VC funds (including Daphni, Ventech and Kima Ventures) which will have their offices on-site, the US-based TechShop Ateliers Leroy Merlin which will operate the on-campus prototyping lab.

Europe, Middle East and Africa startup blog

SEEMEA.com will start again on 01/12/2016

SEEMEA regionHi everyone, sorry for being silent for a too long time. We were busy with some other things but now decided to get back to SEEMEA project and make it even better that it was. SEEMEA will continue to cover business and technology news from the region of Southern and Eastern Europe Middle East and Africa (SEEMEA). We want to be the central hub for all people interested to do business in this, most likely one of the most exciting regions in the world. We are always open to get in touch with people who wants advice, who want to give us advice, with whom we can do some great things together…Also, if you want to write for SEEEMA or you have a company and want to make sure we don’t miss your important news, feel free to contact us. We will be happy to cover all interesting companies.

We suggest that you like our FB page on www.facebook.com/seemeadotcom and to follow us on Twitter www.twitter.com/seemeadotcom in order not to miss new posts and all the relevent news from the SEEMEA region.

To your success in SEEMEA!

BgVF

Belgrade Venture Forum

For the 3rd consecutive year, in Belgrade will be held big international venture conference oriented toward new technologies, new media, investors and startups called Belgrade Venture Forum (BgVF).

BgVF is the largest investment forum in the region, dedicated to promotion of entrepreneurship and investments in innovative companies and ideas. Many notable speakers and investors will take part in this events, among them are Luigi Amati (CEO at Meta Group), Dmitry Chikhachev (Co-Founder and Managing Partner at Runa Capital), Maxim Gurvits (Partner at Teres Capital), Dylian Dimitrov (Founder at Eleven Startup Accelerator), Jure Mikuz (Managing Director and Partner at RSG Capital) etc.

Belgrade Venture Forum

Belgrade Venture Forum announced that among 133 applications, independent investment jury has handpicked 33 best projects from 11 countries and gave them opportunity to pitch their ideas in front of potential investors.

A-LINK SAVJETOVANJE / ASW ENGINEERING / BALANCIQ / BIG SCREEN TOOLS / BIOIRC DOO KRAGUJEVAC/ CITYZENIC / CODEWELL UNLIMITED DOO / COFA GAMES / EDGAR / EMEDY / GEOKRULJ D.O.O. / HOMIEE / HYDRATECH / IMPULSE / INFORA RESEARCH GROUP / INSHAPE / LABSII / MEDIAWORKS D.O.O. /MICROSYNTECH / PITCHSTACK / PROSPEH D.O.O. / PROWORK DEVELOPMENT / SEMNE DESIGN SRL /SENSE / SPECTATOR / TENDER5 & CO. D.O.O. / TIMEMACHINE / TOURISM4ME / USABILITYTOOLS /VETERINARSKA STANICA KOKER / VICTOR PRODUCTION LLC / VRTII CORP. / YANADO

We can say that in the period of 5.11-7.11 Belgrade will be center of VC industry in this part of Europe. Event will be held in hotel Metropol Palace. Regular ticket price is 235e and organizers offer discounts if you buy several tickets. Event organizer is Serbian Venture Network.

European accelerator Startupbootcamp opens in Istanbul for MENA region

With the latest news in January, we have a valuable addition coming from the west to the east – EarlyBird, the known venture capital from Berlin directed $130 million to support startups from Central and Eastern Europe. This will be done through the opening of Startupbootcamp Istanbul.

This already formal accelerator will be working on a 3 month program in which it mentors, funds, houses and showcases early startups. The applications are officially open until the end of March, and teams can apply no matter where are they from.

If chosen, startups start their program in June and for only 8% of their equity they are funded by €15,000, 4 months office space and a mentorship program valued at over €250k.

Startupbootcamp Istanbul will also work on a more coworking concept model, by spanning over two floors, open office space and a coffee shop at the lobby.

With this very important investment in startups Turkey will become one of the key areas in the SEEMEA region.