100 Million Lira Venture Capital Investment Fund is Established in Informatics Valley

100 Million Lira Venture Capital Investment Fund is Established in Informatics Valley
Photograph: Ministry of Industry and Technology

Varank, who attended the Bilisim Valley Venture Capital Investment Fund Signature Ceremony program in Kocaeli, said, "We are establishing a fund of 100 million TL in partnership with the Informatics Valley, Albaraka Participation and Vakıf Participation".


A new model in venture capital funds was implemented for the first time. Signatures were signed for the establishment of a fund of 100 million TL in partnership with Bilişim Vadisi, Albaraka Participation and Vakıf Katılım. Industry and Technology Minister Mustafa Varank stated that they have taken a very visionary step in the name of the entrepreneurship ecosystem, "Our door is open to anyone who wants to invest in the fund, whether domestic or foreign." said.

The signing ceremony was held for the establishment of the Informatics Valley Venture Capital Investment Fund. The ceremony was attended by Albaraka Portföy Yönetimi AŞ General Manager Emin Özer, Vakıf Katılım Bankası AŞ General Manager İkram Göktaş, Informatics Valley General Manager Serdar İbrahimcioğlu, Albaraka Türk Participation President AŞ General Manager Melikşah Utku.

Speaking at the ceremony, Minister Varank said:

SMALL TEAMS BIG JOBS

We have very valuable young people. They follow global developments and markets closely, and they bravely reveal their differences when appropriate. The closest example is success stories written in the gaming industry. They do big business with small teams and make a global impact.

THERE A SERIOUS POTENTIAL

It is absolutely no coincidence that we have released our first TURCORN in the gaming industry. However, we also have serious potential in areas such as biotechnology, artificial intelligence, cyber security, and mobile applications. When we said that we will produce at least 2023 TURCORN by 10, we based ourselves on this potential.

WILL INCREASE WITH TIME

We are establishing a fund of 100 million TL in partnership with Bilişim Vadisi, Albaraka Participation and Vakıf Katılım. We are trying to increase the amount of this fund even more over time. Our doors are open to anyone who wants to invest in the fund, whether domestic or foreign. Anyone can join this fund as an investor, provided that it does not fall below the lower contribution limit we have determined.

WIN WIN

Our large industrial enterprises, banks, real estate companies, pension funds can be investors of this fund. In fact, a win-win logic works for all parties here. You buy the stock of the company that you see as a potential at an early stage and become a partner in both its development and future successes. At the end of the day; Both the company you invest in, you and the national economy are profitable.

FOCUS ON CIVIL TECHNOLOGIES

This fund we established; will invest in companies that are ready to grow in the fields of information and communication technologies, gaming, finance, cyber security, mobility, agriculture, health and energy. To put it more briefly, this fund will focus on civil technologies. Companies wishing to benefit from the fund should closely follow the calls of the investment committee.

BECOMING A CENTER OF ATTRACTION

With the arrival of TOGG, there was an intense increase in demand for the Informatics Valley, company applications increased by 50 percent. International technology companies serving the automotive industry have started to see the valley as a center of attraction. We will continue to achieve visionary works for the future of the valley.

DESIGN CLUSTER

We are also establishing a design cluster in Informatics Valley. Currently, there is no technopark in our country that is synonymous with design. Here, we will highlight the Informatics Valley with design. By establishing structures such as design studios, business development center, prototype production workshop and exhibition area, we will make a stronger interaction between design and industry. We want to attract professional designers with multi-disciplinary skills to design studios, just like Pininfarina.

IT WILL PROVIDE SIGNIFICANT CONTRIBUTION

Öztürk Oran, Chairman of the Board of Foundation Participation, said, "We will see that many companies and projects that we will support with this fund will make significant contributions to the technological change of our country in the near future."

PIONEERS MAKE WAY

Albaraka Türk General Manager Melikşah Utku said, “Despite the pandemic process, our minister supported us. The pioneers make the way, but once the road is opened, success will come. " he spoke.

Informatics Valley Chairman of the Board Prof. Dr. Habip Asan explained the structure and characteristics of Informatics Valley to the participants.

SIGNATURES

Following the speeches, with the attendance of Minister Varank, Albaraka Portföy Yönetimi AŞ General Manager Özer, Vakıf Katılım Bankası AŞ General Manager Göktaş, Informatics Valley General Manager İbrahimcioğlu, Albaraka Türk Participation President AŞ General Manager Utku signed the signatures regarding the establishment of the Information Valley Venture Capital Investment Fund.

BRANCH OPENED

After the ceremony, Minister Varank opened the Foundation Participation Branch in the Informatics Valley and opened an account on his behalf.

Minister Varank then tested locally produced electric scooters. He received information about the vehicles from the company officials.



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