The Entrepreneurial Ecosystem in Turkey

2. INTRODUCTION
StartNowHow
•Open seminar series for active and prospective entrepreneurs
•10 sessions on monthly basis until summer 2015
•Covers relevant theoretical and practical aspects of entrepreneurship
•Based on lecture „entrepreneurship“ @Bogazici University
•Based on experiences of entrepreneurs, investors, mentors and consultants
•Each session with guest speaker (entrepreneurs, investors, mentors, etc.)
•Each session will end with test elevator pitch by seminar participant
•Mondays 17.15h – 19.30h
•Next session: Mon 10.November 2014
•Certificate provided for participants joining at least 7/10 sessions
•Early registration for each session required (eventbrite), capacity 50 people!
•Priority for regular participants
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3. INTRODUCTION
StartNowHow - Seminar Topics (preliminary)
1.The entrepreneurial ecosystem in Turkey
2.Entrepreneurship as a profession
3.Opportunity recognition and evaluation
4.Planning, testing and developing a business model
5.Market and competitor research
6.Financial planning for startups
7.Marketing planning and control – the role of key performance indicators
8.Funding the startup – stage financing for ventures
9.The investment process – pitching, negotations and termsheet
10.Success and failure as an entrepreneur
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4. ENTREPRENEURIAL ECOSYSTEM
Entrepreneurship
•Entrepreneurship: The process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks and uncertainties, and receiving rewards of monetary and personal satisfaction. (Hisrich / Peters / Shepherd, Entrepreneurship, p.6)
•Creating something new of value
•Devotion of necessary time and effort
•Receiving the rewards of being an entrepreneur
•Assuming the necessary risks and uncertainties
•Entrepreneurship – the short definition: Entrepreneurship is the process of changing ideas into commercial opportunities and creating value. (Leach / Melicher, Entrepreneurial Finance, p. 7)
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5. ENTREPRENEURIAL ECOSYSTEM
Entrepreneurship and Innovation
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Source: Bygrave / Zacharakis, The Portable MBA in Entrepreneurship,, p.32

6. ENTREPRENEURIAL ECOSYSTEM
Economic Relevance of Entrepreneurship
•Entrepreneurship became relevant research and policy area (economics, politics)
•OECD-model (OECD-Eurostat entrepreneurship indicators program, since 2006)
•(taken from: OECD, Measuring Entrpreneurship: A Collection of Indicators, 2009, http://www.oecd.org/dataoecd/44/27/44069965.pdf)
•Global Entrepreneurship Model (GEM) measures and compares entrepreneurship conditions and developments on international level (http://www.gemconsortium.org)
•http://www.gemconsortium.org/docs/download/2200 (2011 report)
•Due to economic relevance, intensive academic and policy work for promoting entrepreneurship (Examples: Drucker, Innovation and Entrepreneurship, pp.229 ff.; Lerner, Boulevard of Broken Dreams, etc.)
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Entrepreneurship in Turkey

7. ENTREPRENEURIAL ECOSYSTEM
Economic Relevance of Entrepreneurship
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Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Report, 2012, p. 13
Source: GEM - Reportx 2010 - 2013

8. ENTREPRENEURIAL ECOSYSTEM
Entrepreneurial Activity – 2011 vs. 2010
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Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Global Report, p.21
Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.24
2010
2011

9. ENTREPRENEURIAL ECOSYSTEM
Entrepreneur Profiles: Gender
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Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.36

10. ENTREPRENEURIAL ECOSYSTEM
R&D Grant Programs
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Source: Novicor

11. ENTREPRENEURIAL ECOSYSTEM
Tax Incentives
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Source: Novicor

12. ENTREPRENEURIAL ECOSYSTEM
Business Angel Legislation
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Source: Treasury

13. ENTREPRENEURIAL ECOSYSTEM
Stock Exchange: Özel Pazar
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Source: Borsa Istanbul

14. ENTREPRENEURIAL ECOSYSTEM
Events: Startup Turkey, Startup Istanbul, Etohum
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Source: www.etohum.com

15. ENTREPRENEURIAL ECOSYSTEM
Accelerator: Pilott
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16. ENTREPRENEURIAL ECOSYSTEM
Accelerator: Fit Startup Factory
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17. ENTREPRENEURIAL ECOSYSTEM
Angel Networks
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18. ENTREPRENEURIAL ECOSYSTEM
Venture Capital
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19. OUR INVESTMENT APPROACH
Startup Applications
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ENTREPRENEURIAL ECOSYSTEM

20. OUR INVESTMENT APPROACH
Success Stories
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ENTREPRENEURIAL ECOSYSTEM

21. ON TARGET
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22. OUR INVESTMENT APPROACH
Success Stories
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Entrepreneurship in Turkey
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ENTREPRENEURIAL ECOSYSTEM

23. OUTLOOK
StartNowHow - Literature
•Bowers, Brent, 8 Patterns of Highly Effective Entrepreneurs, Doubleday, New York, NY 2008
•Bygrave, William D. / Zacharaiks, Andrew, The Portable MBA in Entrepreneurship, 4th ed., Wiley, Hoboken, NJ 2010
•Drucker, Peter F., Innovation and Entrepreneurship, 1st ed. 1985, reprinted 2010, Elsevier, Kiddlington, 2010
•Harper, Stephen C., Extraordinary Entrepreneurship: The Professional’s Guide to Starting an Exceptional Enterprise, Wiley, Hoboken, NJ 2005
•Hirshberg, Meg Cadoux, For Better or for Work, All Inc., New York, NY 2012
•Hisrich, Robert D. / Peters, Michael P. / Shepherd, Dean A., Entrepreneurship, 9th ed., McGraw-Hill, New York, NY 2012
•Kuratko, Donald F., Entrepreneurship: Theory, Process, Practice, 8th ed., South-Western, Mason, OH 2009
•Leach, J. Chris / Melicher, Ronald W., Entrepreneurial Finance, International Edition, 4th ed., South- Western, Hampshire 2012
•Osterwalder, Alexander / Pigneur, Yves, Business Model Generation, Wiley, Hoboken, NJ 2010
•Ries, Eric, The Lean Startup, Crown Business, New York, NY 2011
•Smith, Janet Kiholm / Smith, Richard L. / Bliss, Richard T., Entrepreneurial Finance – Strategy, Valuation, and Deal Structure, Standford University Press, Stanford, CA 2011
•Stokes, David / Wilson, Nick, Small Business Management and Entrepreneurship, 6th ed., South-Western, Hampshire 2010
•Taleb, Nassim Nicholas, The Black Swan – The Impact of the Highly Improbable, revised ed., Penguin, London 2010
•Timmons, Jeffry A. / Spinelli, Stephen, New Venture Creation – Entrepreneurship for the 21st Century, 9th ed., McGraw-Hill, New York, NY 2011
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24. OUTLOOK
StartNowHow - Outlook
•Please mail us if you are interested in today‘s presentation or literature hints
•Next Seminar: „Entrepreneurship as a Profession“
•Monday, 10.11.2014, 17.15 – 19.30h
•Don‘t forget to register early (eventbrite) - capacity 50 people!
•Priority for participants / registrants from today‘s session
•General rule: Allocation of seats according to participation
•Regular participation = certificate (70% participation)
•Be prepared to pitch!
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25. BIC ANGEL INVESTMENTS
Dr. Joachim Behrendt
Phone: +90 212 328 1939
Fax: +90 212 328 1933
www.bicangels.com
http:/twitter.com/joachimbehrendt
http://tr.linkedin.com/pub/joachim-behrendt/18/706/a7a
Email: j.behrendt@bicangels.com