Turkey establishes funds to promote the country’s venture capital investment

Uncategorized Faizah Kamal 25-Dec-2019

Seeking to promote venture capital investment in the country, Turkey has established two funds, the nation’s industry and technology minister Mustafa Varank said on December 24.

“We have taken action to boost venture capital investments, to ensure that the private sector focuses on this field, and to spread these investments throughout the country,” said Varank.

“The Technology and Innovation Fund, and Regional Development Fund will serve these objectives,” he added.

Varank stated that the funds will invest in technology, industry, and innovation in Turkey to accelerate sweeping transformations in the country.