Funding Barriers andOpportunities forTurkish Start-upsTaylan Demirkaya - IUE/Embryonix AcceleratorCenterTuesday, May 21, 13
Presentation OrderEmbryonix - Important player for Izmir EcosystemMajor Funding Resources in TurkeyThe Eco System - A Scal...
Embryonix - Our GoalsTo foster creative entrepreneurship in IzmirTo support innovative ideas and turn them into businesses...
We ProvideProduct Development(Technical mentoring)Business and Customer development(Business mentoring)Start-up ToolsEvent...
3 years 3 successfulProjects2012:Online education and exam network 150 000subs. in 6 months, PATH: Private investors. Wort...
EventsTuesday, May 21, 13
Crowd Funding? - In TurkeyFirst crowd funding example in Turkey24 specialist; investors, consultants,entrepreneursEvery bu...
Small step forentrepreneurs large stepfor eco systemTuesday, May 21, 13
8 projects are on the go,We DO NOT only evaluate tech start-upsIndustrial design, fashion, hardware and chemistry are welc...
Major funding Resources in TurkeyTuesday, May 21, 13
Start-up FinancingSource: http://www.netvalley.com/silicon_valley/images/StartupFinancingCycle_reg_4.jpgTuesday, May 21, 13
GovernmentKOSGEB: SME Development Organization: 100K TL for Entrepreneurs.TUBITAK: Scientific and Technologic Research Coun...
BanksStill old school debt and equity financingPrivate and mutual fundsTuesday, May 21, 13
Investors and Investment InstitutionsSeed Capital: 5K to 75K - So far we do not have anyAngels: Up to 7 companies in Istan...
Filter for Start-ups We end up with:KOSGEBTUBITAKTrade MinistrySeed and Angel InvestorsDevelopment AgenciesTuesday, May 21...
Alternative Funding ResourcesCrowd Funding: Not an option yet - We do not like to givemoney just for supporting3F: Friends...
The Eco SystemTuesday, May 21, 13
3 Scales* - Over 5(5 is best)Accessible: How easy it is to grant?Sufficient: How the amount fits to needs?Suitable: Is the a...
KOSGEBAccessible: 5Sufficient: 3Suitable:2Too much restriction for the usage of moneyAmount is low for sustainabilityTuesda...
TUBITAKAccessible: 3Sufficient: 4Suitable: 4Too much paper workNot suitable for tech-start-upsBest for R&D oriented academi...
Trade MinistryAccessible: 4Sufficient: 2Suitable: 3Easily grantedWhen you begin to grow your business moneyfinishesTuesday, ...
Angels and SeedAccessible: 2Sufficient: 4Suitable: 5Best choice for tech start-upsSmart moneyNot sufficient in numberNot tra...
Development AgencyAccessible: 2Sufficient: 4Suitable:4No direct support for start-upsIndirect support like training, events...
RemarksTuesday, May 21, 13
For GovernmentDecrease RED TAPEIncrease the effectiveness of UI: Forms should be userfriendlyLet accredited institutions t...
Investors and Investment InstitutionsNeeds more and intense trainingShould also be strategic partnersDo not copy everythin...
THANK YOU@taylandemirkayaTuesday, May 21, 13
Upcoming SlideShare
Loading in …5
×

Funding Barriers And Opportunities For Turkish Start-ups(An Observation)

827 views
750 views

Published on

What are some of the barriers for Turkish start-ups according to my obsevation scale of access to funds?

Published in: Business, Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
827
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
0
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Funding Barriers And Opportunities For Turkish Start-ups(An Observation)

  1. 1. Funding Barriers andOpportunities forTurkish Start-upsTaylan Demirkaya - IUE/Embryonix AcceleratorCenterTuesday, May 21, 13
  2. 2. Presentation OrderEmbryonix - Important player for Izmir EcosystemMajor Funding Resources in TurkeyThe Eco System - A Scale Framework for Funding InstitutionsRemarksTuesday, May 21, 13
  3. 3. Embryonix - Our GoalsTo foster creative entrepreneurship in IzmirTo support innovative ideas and turn them into businessesSpeak and publish to create awareness for high impactentrepreneurshipTuesday, May 21, 13
  4. 4. We ProvideProduct Development(Technical mentoring)Business and Customer development(Business mentoring)Start-up ToolsEvents and event managementNetworkingOffice space and utilitiesSmall PR and Marketing budgetTuesday, May 21, 13
  5. 5. 3 years 3 successfulProjects2012:Online education and exam network 150 000subs. in 6 months, PATH: Private investors. Worth:8MUSD2011:Cloud computing and game hosting, over 20engineers working, Top 5 in Turkey, PATH: Governmentsupport 500 K, Worth: 4M USD2012:Activity boxes for 3-6 years, subs. based, PATH:Seed capital, Worth: 500K USDTuesday, May 21, 13
  6. 6. EventsTuesday, May 21, 13
  7. 7. Crowd Funding? - In TurkeyFirst crowd funding example in Turkey24 specialist; investors, consultants,entrepreneursEvery buyer of this book is an investor for1 startup5th publication released in 1 year, 15 000TL accumulatedGolden Rules for EntrepreneursTuesday, May 21, 13
  8. 8. Small step forentrepreneurs large stepfor eco systemTuesday, May 21, 13
  9. 9. 8 projects are on the go,We DO NOT only evaluate tech start-upsIndustrial design, fashion, hardware and chemistry are welcomeTuesday, May 21, 13
  10. 10. Major funding Resources in TurkeyTuesday, May 21, 13
  11. 11. Start-up FinancingSource: http://www.netvalley.com/silicon_valley/images/StartupFinancingCycle_reg_4.jpgTuesday, May 21, 13
  12. 12. GovernmentKOSGEB: SME Development Organization: 100K TL for Entrepreneurs.TUBITAK: Scientific and Technologic Research Council: Up to 10M TL fortechnical R&D projects.Trade Ministry: 100K TL for Tech startups.Development Agencies: Like IZKA, more localized projects, up to 10M TLOther Ministries: I missed the TRACK!Tuesday, May 21, 13
  13. 13. BanksStill old school debt and equity financingPrivate and mutual fundsTuesday, May 21, 13
  14. 14. Investors and Investment InstitutionsSeed Capital: 5K to 75K - So far we do not have anyAngels: Up to 7 companies in Istanbul and Ankara,Government Accredited 31 investors, Predicted investment30M USD(2012)VC: 7 Prof. VC companies, investment 1M to 30M USDPrivate equity: 16 which are mostly dealing with governmentprojectsTuesday, May 21, 13
  15. 15. Filter for Start-ups We end up with:KOSGEBTUBITAKTrade MinistrySeed and Angel InvestorsDevelopment AgenciesTuesday, May 21, 13
  16. 16. Alternative Funding ResourcesCrowd Funding: Not an option yet - We do not like to givemoney just for supporting3F: Friends, Family, Fools - BEST OPTIONTuesday, May 21, 13
  17. 17. The Eco SystemTuesday, May 21, 13
  18. 18. 3 Scales* - Over 5(5 is best)Accessible: How easy it is to grant?Sufficient: How the amount fits to needs?Suitable: Is the amount used properly and efficiently*This is not academic only personal observationTuesday, May 21, 13
  19. 19. KOSGEBAccessible: 5Sufficient: 3Suitable:2Too much restriction for the usage of moneyAmount is low for sustainabilityTuesday, May 21, 13
  20. 20. TUBITAKAccessible: 3Sufficient: 4Suitable: 4Too much paper workNot suitable for tech-start-upsBest for R&D oriented academic projectsTuesday, May 21, 13
  21. 21. Trade MinistryAccessible: 4Sufficient: 2Suitable: 3Easily grantedWhen you begin to grow your business moneyfinishesTuesday, May 21, 13
  22. 22. Angels and SeedAccessible: 2Sufficient: 4Suitable: 5Best choice for tech start-upsSmart moneyNot sufficient in numberNot trainedTuesday, May 21, 13
  23. 23. Development AgencyAccessible: 2Sufficient: 4Suitable:4No direct support for start-upsIndirect support like training, events is bestTuesday, May 21, 13
  24. 24. RemarksTuesday, May 21, 13
  25. 25. For GovernmentDecrease RED TAPEIncrease the effectiveness of UI: Forms should be userfriendlyLet accredited institutions to manage fundsThey know: HOW?, HOW MUCH? but they DONT knowWHY?Tuesday, May 21, 13
  26. 26. Investors and Investment InstitutionsNeeds more and intense trainingShould also be strategic partnersDo not copy everything from US - Specialized ecosystemShould not be too much risk averseTuesday, May 21, 13
  27. 27. THANK YOU@taylandemirkayaTuesday, May 21, 13

×