SlideShare a Scribd company logo
1 of 12
Alignment of sustainable public policy with the interests of the Smart Money   -  Legacies of the Global Crisis A. Mete ÇAKMAKCI Technology Development Foundation of Turkey 9 th  International Entrepreneurship Forum İstanbul, 18 September 2009
An Engineer’s View of the Crisis towards  a New World Order of Peace and Prosperity Emotions are running high… Panic Despair & Confusion A Confident Vision Disgust Regulation Restructuring Reform Smart Choices & Policies Rejection of old ways… An Account of the Past Realities of Today A Sustainable Future
We feel the pain ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Rush to government ‘rescue’ programs is causing reflexes  and funding problems – crowding out of routine innovations?
Fighting the Reflexes ,[object Object],[object Object],[object Object]
Putting Public Money to Work Governments are talking … Smart money is listening …
What is Cleantech? Source : GreenTech Media Cleantech is a rich but complex innovation domain …
Cleantech is still Fragile Source : McKinsey And cleantech is still away from market parity.
VC for Cleantech Source : Cleantech Group In 2008 China’s share of global cleantech investments was 8%.
Moving Away from Knowledge
A Vision for Public Policy ,[object Object],[object Object],[object Object],[object Object]
Who is TTGV? TTGV A foundation Teknoloji Yatırım A.Ş. A dedicated start-up  investment vehicle managed by an  independent team TURKVEN - TPEF 1 İŞ  Gir iş im iVCi I stanbul Venture Capital Initiative A dedicated Fund-of-funds SIF structure for VC/PE funds focusing on Turkey  managed by the EIF TDF A soft loan scheme upto 1 M USD per project almost  250 M USD disbursed since 1991 Shareholder Investor Investor Shareholder Administrator/ Co-lender Regional and Sectoral Capacity  Development Programs Social Capital, Clustering, RIS Facilitator
 

More Related Content

What's hot

Procedural inefficiency growth head wind that should be eliminated so fast f...
Procedural inefficiency  growth head wind that should be eliminated so fast f...Procedural inefficiency  growth head wind that should be eliminated so fast f...
Procedural inefficiency growth head wind that should be eliminated so fast f...Tigabu Atalo
 
Growth entrepreneurship - Finland
Growth entrepreneurship - FinlandGrowth entrepreneurship - Finland
Growth entrepreneurship - FinlandNordic Innovation
 
Bakytbek Begaliev final project
Bakytbek Begaliev final projectBakytbek Begaliev final project
Bakytbek Begaliev final projectBakytbek Begaliev
 
The practical realities of policy on the run - 4Qs
The practical realities of policy on the run - 4QsThe practical realities of policy on the run - 4Qs
The practical realities of policy on the run - 4QsLouise Gilding
 
Leveraging Social Capital: It's Time for Change
Leveraging Social Capital: It's Time for ChangeLeveraging Social Capital: It's Time for Change
Leveraging Social Capital: It's Time for ChangeMaRS Discovery District
 
Analysis: BCG, The Most Innovative Companies, 2012
Analysis: BCG, The Most Innovative Companies, 2012Analysis: BCG, The Most Innovative Companies, 2012
Analysis: BCG, The Most Innovative Companies, 2012Katherine Michel
 
Groot Industrial Ecosystem Brochure 2013
Groot Industrial Ecosystem Brochure 2013Groot Industrial Ecosystem Brochure 2013
Groot Industrial Ecosystem Brochure 2013Simon Kapenda
 
Transform Global - A model for a private world bank
Transform Global - A model for a private world bankTransform Global - A model for a private world bank
Transform Global - A model for a private world banksassbo
 
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENT
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENTINNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENT
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENTGerhard Swart
 
Zecchini Financing Sme Innovation Sz Slides 15 4 09
Zecchini Financing Sme Innovation Sz Slides 15 4 09Zecchini Financing Sme Innovation Sz Slides 15 4 09
Zecchini Financing Sme Innovation Sz Slides 15 4 09nick terch
 
Why Privatisation Is Failing In India
Why Privatisation Is Failing In IndiaWhy Privatisation Is Failing In India
Why Privatisation Is Failing In IndiaPradeep Choudhary
 
New Technology Based Firms and Venture Capital policy in Nigeria
New Technology Based Firms and Venture Capital policy in NigeriaNew Technology Based Firms and Venture Capital policy in Nigeria
New Technology Based Firms and Venture Capital policy in NigeriaAdebola Daramola
 

What's hot (14)

Procedural inefficiency growth head wind that should be eliminated so fast f...
Procedural inefficiency  growth head wind that should be eliminated so fast f...Procedural inefficiency  growth head wind that should be eliminated so fast f...
Procedural inefficiency growth head wind that should be eliminated so fast f...
 
Privatisation in India Presentation
Privatisation in India PresentationPrivatisation in India Presentation
Privatisation in India Presentation
 
Growth entrepreneurship - Finland
Growth entrepreneurship - FinlandGrowth entrepreneurship - Finland
Growth entrepreneurship - Finland
 
Bakytbek Begaliev final project
Bakytbek Begaliev final projectBakytbek Begaliev final project
Bakytbek Begaliev final project
 
The practical realities of policy on the run - 4Qs
The practical realities of policy on the run - 4QsThe practical realities of policy on the run - 4Qs
The practical realities of policy on the run - 4Qs
 
Privatisation and disinvestment
Privatisation and disinvestmentPrivatisation and disinvestment
Privatisation and disinvestment
 
Leveraging Social Capital: It's Time for Change
Leveraging Social Capital: It's Time for ChangeLeveraging Social Capital: It's Time for Change
Leveraging Social Capital: It's Time for Change
 
Analysis: BCG, The Most Innovative Companies, 2012
Analysis: BCG, The Most Innovative Companies, 2012Analysis: BCG, The Most Innovative Companies, 2012
Analysis: BCG, The Most Innovative Companies, 2012
 
Groot Industrial Ecosystem Brochure 2013
Groot Industrial Ecosystem Brochure 2013Groot Industrial Ecosystem Brochure 2013
Groot Industrial Ecosystem Brochure 2013
 
Transform Global - A model for a private world bank
Transform Global - A model for a private world bankTransform Global - A model for a private world bank
Transform Global - A model for a private world bank
 
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENT
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENTINNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENT
INNOVATION LESSONS LEARNED FROM THE JOULE EV DEVELOPMENT
 
Zecchini Financing Sme Innovation Sz Slides 15 4 09
Zecchini Financing Sme Innovation Sz Slides 15 4 09Zecchini Financing Sme Innovation Sz Slides 15 4 09
Zecchini Financing Sme Innovation Sz Slides 15 4 09
 
Why Privatisation Is Failing In India
Why Privatisation Is Failing In IndiaWhy Privatisation Is Failing In India
Why Privatisation Is Failing In India
 
New Technology Based Firms and Venture Capital policy in Nigeria
New Technology Based Firms and Venture Capital policy in NigeriaNew Technology Based Firms and Venture Capital policy in Nigeria
New Technology Based Firms and Venture Capital policy in Nigeria
 

Viewers also liked

Viewers also liked (8)

Spain Prez
Spain PrezSpain Prez
Spain Prez
 
Wb Cakmakci Mar12
Wb Cakmakci Mar12Wb Cakmakci Mar12
Wb Cakmakci Mar12
 
About First Columbus Presentation 2009
About First Columbus Presentation 2009About First Columbus Presentation 2009
About First Columbus Presentation 2009
 
Vc4 R&D
Vc4 R&DVc4 R&D
Vc4 R&D
 
June7 Istanbul
June7 IstanbulJune7 Istanbul
June7 Istanbul
 
Graduate School Presentation Study Abroad Aproach Kmm2
Graduate School Presentation    Study Abroad Aproach Kmm2Graduate School Presentation    Study Abroad Aproach Kmm2
Graduate School Presentation Study Abroad Aproach Kmm2
 
Dpt Sunum
Dpt SunumDpt Sunum
Dpt Sunum
 
Monetary Policy
Monetary PolicyMonetary Policy
Monetary Policy
 

Similar to Ief9 Sept18

A Short Status Quo, From Inside Tech Entrepreneurship.
A Short Status Quo, From Inside Tech Entrepreneurship.A Short Status Quo, From Inside Tech Entrepreneurship.
A Short Status Quo, From Inside Tech Entrepreneurship.Factory
 
Growth and productivity
Growth and productivityGrowth and productivity
Growth and productivityRiz del Rio
 
Small And Medium Enterprise In Bangladesh
Small And Medium Enterprise In BangladeshSmall And Medium Enterprise In Bangladesh
Small And Medium Enterprise In BangladeshSheri Elliott
 
How the Rise of the Intangibles Economy is Disrupting Work in Africa
How the Rise of the Intangibles Economy is Disrupting Work in AfricaHow the Rise of the Intangibles Economy is Disrupting Work in Africa
How the Rise of the Intangibles Economy is Disrupting Work in AfricaEconomic Research Forum
 
sypa_ FINAL_ussal
sypa_ FINAL_ussalsypa_ FINAL_ussal
sypa_ FINAL_ussalussal
 
130317 SupportingPrograms for Impact Capital Paper & Abstract
130317 SupportingPrograms for Impact Capital Paper & Abstract130317 SupportingPrograms for Impact Capital Paper & Abstract
130317 SupportingPrograms for Impact Capital Paper & AbstractTommaso Saltini
 
ScaleX building a successful startup ecosystem
ScaleX building a successful startup ecosystemScaleX building a successful startup ecosystem
ScaleX building a successful startup ecosystemmustafa sarac
 
International finance chapter1
International finance   chapter1International finance   chapter1
International finance chapter1Raj vardhan
 
Procedural inefficiency growth head wind that should be eliminated so fast f...
Procedural inefficiency  growth head wind that should be eliminated so fast f...Procedural inefficiency  growth head wind that should be eliminated so fast f...
Procedural inefficiency growth head wind that should be eliminated so fast f...Tigabu Atalo
 
FinTech: Blackett review
FinTech: Blackett reviewFinTech: Blackett review
FinTech: Blackett reviewbis_foresight
 
Carthage Business Angels
Carthage Business AngelsCarthage Business Angels
Carthage Business AngelsMondher Khanfir
 
Startup Investors Manifesto
Startup Investors ManifestoStartup Investors Manifesto
Startup Investors Manifestoeban_org
 
UK_FinTech_-_On_the_cutting_edge_-_Full_Report
UK_FinTech_-_On_the_cutting_edge_-_Full_ReportUK_FinTech_-_On_the_cutting_edge_-_Full_Report
UK_FinTech_-_On_the_cutting_edge_-_Full_ReportJJ Bowles
 
Entrepreneurship is cause but economic development is effect
Entrepreneurship is cause but economic development is effectEntrepreneurship is cause but economic development is effect
Entrepreneurship is cause but economic development is effectRajaram Kshetri
 
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...SDGsPlus
 
TCI 2014 Beyond Industrial Policy
TCI 2014 Beyond Industrial PolicyTCI 2014 Beyond Industrial Policy
TCI 2014 Beyond Industrial PolicyTCI Network
 
Draft innovation strategy innov8 presentation v1
Draft innovation strategy innov8 presentation v1Draft innovation strategy innov8 presentation v1
Draft innovation strategy innov8 presentation v1Saine
 

Similar to Ief9 Sept18 (20)

A Short Status Quo, From Inside Tech Entrepreneurship.
A Short Status Quo, From Inside Tech Entrepreneurship.A Short Status Quo, From Inside Tech Entrepreneurship.
A Short Status Quo, From Inside Tech Entrepreneurship.
 
Growth and productivity
Growth and productivityGrowth and productivity
Growth and productivity
 
Small And Medium Enterprise In Bangladesh
Small And Medium Enterprise In BangladeshSmall And Medium Enterprise In Bangladesh
Small And Medium Enterprise In Bangladesh
 
Summary of day 2 proceedings
Summary of day 2 proceedingsSummary of day 2 proceedings
Summary of day 2 proceedings
 
How the Rise of the Intangibles Economy is Disrupting Work in Africa
How the Rise of the Intangibles Economy is Disrupting Work in AfricaHow the Rise of the Intangibles Economy is Disrupting Work in Africa
How the Rise of the Intangibles Economy is Disrupting Work in Africa
 
sypa_ FINAL_ussal
sypa_ FINAL_ussalsypa_ FINAL_ussal
sypa_ FINAL_ussal
 
PWC State of Climate Tech 2020
PWC State of Climate Tech 2020PWC State of Climate Tech 2020
PWC State of Climate Tech 2020
 
130317 SupportingPrograms for Impact Capital Paper & Abstract
130317 SupportingPrograms for Impact Capital Paper & Abstract130317 SupportingPrograms for Impact Capital Paper & Abstract
130317 SupportingPrograms for Impact Capital Paper & Abstract
 
ScaleX building a successful startup ecosystem
ScaleX building a successful startup ecosystemScaleX building a successful startup ecosystem
ScaleX building a successful startup ecosystem
 
International finance chapter1
International finance   chapter1International finance   chapter1
International finance chapter1
 
Procedural inefficiency growth head wind that should be eliminated so fast f...
Procedural inefficiency  growth head wind that should be eliminated so fast f...Procedural inefficiency  growth head wind that should be eliminated so fast f...
Procedural inefficiency growth head wind that should be eliminated so fast f...
 
Tree
TreeTree
Tree
 
FinTech: Blackett review
FinTech: Blackett reviewFinTech: Blackett review
FinTech: Blackett review
 
Carthage Business Angels
Carthage Business AngelsCarthage Business Angels
Carthage Business Angels
 
Startup Investors Manifesto
Startup Investors ManifestoStartup Investors Manifesto
Startup Investors Manifesto
 
UK_FinTech_-_On_the_cutting_edge_-_Full_Report
UK_FinTech_-_On_the_cutting_edge_-_Full_ReportUK_FinTech_-_On_the_cutting_edge_-_Full_Report
UK_FinTech_-_On_the_cutting_edge_-_Full_Report
 
Entrepreneurship is cause but economic development is effect
Entrepreneurship is cause but economic development is effectEntrepreneurship is cause but economic development is effect
Entrepreneurship is cause but economic development is effect
 
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...
Catalyzing Private Investment in Infrastructure in Emerging Markets and Devel...
 
TCI 2014 Beyond Industrial Policy
TCI 2014 Beyond Industrial PolicyTCI 2014 Beyond Industrial Policy
TCI 2014 Beyond Industrial Policy
 
Draft innovation strategy innov8 presentation v1
Draft innovation strategy innov8 presentation v1Draft innovation strategy innov8 presentation v1
Draft innovation strategy innov8 presentation v1
 

More from A. Mete Çakmakcı

More from A. Mete Çakmakcı (6)

Cakmakci Feb2011
Cakmakci Feb2011Cakmakci Feb2011
Cakmakci Feb2011
 
B To V Teknoloji Yatirim Cakmakci
B To V Teknoloji Yatirim CakmakciB To V Teknoloji Yatirim Cakmakci
B To V Teknoloji Yatirim Cakmakci
 
Pei Turkey Forum Cakmakci
Pei Turkey Forum CakmakciPei Turkey Forum Cakmakci
Pei Turkey Forum Cakmakci
 
Tugiad Sept25
Tugiad Sept25Tugiad Sept25
Tugiad Sept25
 
Investin Turkey
Investin TurkeyInvestin Turkey
Investin Turkey
 
Enterpreneurship07
Enterpreneurship07Enterpreneurship07
Enterpreneurship07
 

Ief9 Sept18

  • 1. Alignment of sustainable public policy with the interests of the Smart Money - Legacies of the Global Crisis A. Mete ÇAKMAKCI Technology Development Foundation of Turkey 9 th International Entrepreneurship Forum İstanbul, 18 September 2009
  • 2. An Engineer’s View of the Crisis towards a New World Order of Peace and Prosperity Emotions are running high… Panic Despair & Confusion A Confident Vision Disgust Regulation Restructuring Reform Smart Choices & Policies Rejection of old ways… An Account of the Past Realities of Today A Sustainable Future
  • 3.
  • 4.
  • 5. Putting Public Money to Work Governments are talking … Smart money is listening …
  • 6. What is Cleantech? Source : GreenTech Media Cleantech is a rich but complex innovation domain …
  • 7. Cleantech is still Fragile Source : McKinsey And cleantech is still away from market parity.
  • 8. VC for Cleantech Source : Cleantech Group In 2008 China’s share of global cleantech investments was 8%.
  • 9. Moving Away from Knowledge
  • 10.
  • 11. Who is TTGV? TTGV A foundation Teknoloji Yatırım A.Ş. A dedicated start-up investment vehicle managed by an independent team TURKVEN - TPEF 1 İŞ Gir iş im iVCi I stanbul Venture Capital Initiative A dedicated Fund-of-funds SIF structure for VC/PE funds focusing on Turkey managed by the EIF TDF A soft loan scheme upto 1 M USD per project almost 250 M USD disbursed since 1991 Shareholder Investor Investor Shareholder Administrator/ Co-lender Regional and Sectoral Capacity Development Programs Social Capital, Clustering, RIS Facilitator
  • 12.