Business · Companies · 3 hrs ago
Türkiye targets $1 billion in annual venture investment and 13 unicorns
Türkiye’s 2027 plan targets 13 Turkish unicorns—startups valued at $1 billion or more.
The government also aims to raise annual venture investment to $1 billion, double the current target of $500 million.
The goals are part of efforts to improve funding for young technology companies and strengthen the country’s innovation and global competitiveness.
Ankara plans new proposals under an investment-based support program for early-stage high-tech firms.
A technology visa scheme has approved 135 applications and helped about 60 startups establish operations in Türkiye.
Startups with a technology badge are set to get priority access to support, incentives and public procurement, with their products added to a state purchasing catalogue.
The program also plans new venture funds and co-investment tools to help startups secure capital.
Türkiye plans to raise annual venture capital investment to $1 billion, from $500 million, under its 2027 Presidential Annual Program.
The strategy aims to cultivate 13 Turkish unicorns, known as Turcorns.
The government plans new investment-based support calls for early-stage high-tech firms.
The program also proposes venture capital fund calls, fund-of-funds mechanisms and co-investment instruments.
Existing initiatives include the Tech Visa, which has received 634 startup applications and led to 135 approvals.
- Who
- Türkiye’s government and its startup ecosystem.
- What
- The 2027 Presidential Annual Program aims to raise annual venture investment to $1 billion and cultivate 13 unicorns.
- When
- 2027.
- Where
- Türkiye.
- Why
- To improve access to financing, boost domestic innovation and strengthen Türkiye’s global tech competitiveness.
This story does not have two clearly opposing sides.
TÜBİTAK entrepreneurship support programs received 2,844 applications.
Türkiye aims to reach $1 billion in annual venture investment and cultivate 13 unicorns under its annual program.
- Annual venture investment target
- $1 billion, up from $500 million
- Unicorn target
- 13 Turkish unicorns, known as Turcorns
- TÜBİTAK applications
- 2,844 from January to September
- Tech Visa applications
- 634 applications, with 135 approvals
- Tech startups established
- Some 60 following Tech Visa approvals