Technology Transfer Accelerator Fund Project

The Technology Transfer Accelerator Turkey Fund Project aimed to increase technology transfer and commercialization of R&D results in Turkey.

The fund created for this purpose was the first such fund created to both encourage entrepreneurs to start up a business in technology and to finance existing businesses in technology production and distribution. The project aimed to commercialize technology, in other words make developed technology available for the use of other sectors as rapidly as possible.

Led by the European Union, this was the first time that technology producers and entrepreneurs were supported by such a large fund in Turkey, enabling them the opportunity to start producing in European standards right away, without having to spend time seeking investors.

The project aimed to foster techno-entrepreneurship by directly investing in 50 innovative projects through the fund. The Technology Transfer Acceleration Turkey Fund Project adopted the principle of transparent and fair evaluation at every step of the project. The fund was managed by two independent fund managers and aimed to reach across Turkey, concentrating on regions with a lower-than-average income level. By 31 December 2016, 11 million Euro has been invested approximately to 27 projects within the scope of project funds.