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ARTICLE · 04 AUGUST 2014

Turkish Tech-Incentive Policy Moves On! The New Regulation On The Investment Support Program For Technological Products

Moroglu Arseven
Moroglu Arseven
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Moroglu Arseven

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Turkish entrepreneurs, small-medium sized enterprises and start-ups which come up with ideas for projects for hi-tech products frequently give up and not even endeavor to follow up their ideas due to lack of financial support.

TurkeyFinance and Banking

Introduction

Turkish entrepreneurs, small-medium sized enterprises and start-ups which come up with ideas for projects for hi-tech products frequently give up and not even endeavor to follow up their ideas due to lack of financial support. In an emerging market with a confident new generation of innovators, an efficient techno-initiative and investment support policy and a defined program are always needed as a gate opener.

Turkish Ministry of Science, Industry and Technology (the "Ministry") answered the need of those, who are willing to realize their projects. On 29 April 2014, Regulation on the Investment Support Program for Technological Products ("Regulation") was published in the Official Gazette of Turkey. And recently, the procedures and principles of this program ("Procedures and Principles") were published on the web site of the Ministry. The Procedures and Principles are the instruments that will help implement the Regulation.

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