Angel investors are loosening their purse strings to invest in Turkish projects which are waiting to be actualized since they cannot find enough financial resources. In the last two years, more than TL 15.5 million ($6.98 million) was spent on promising projects by angel investment companies such as Keiretsu, BIC angel Investments, Galata Business Angels, sirketortagim.com and Etohum, entitled the 'Accreditation of Investors Individual Participation Networks' by the Undersecretariat of Treasury.
Angel investors plan to make an investment of TL 15 million on 25 projects next year. The U.S.-based angel investment company Keiretsu Forum's Turkey General Director Aslı Işınak Gözören said, "Entrepreneurs who get financial support for their projects in Turkey can present their projects to foreign companies thanks to our network and receive additional financial support." Joachim Behrendt, founder of BIC Angel Investments company, stated that they would make investments in six new companies in 2015.
The highest tax incentive in the world is provided in Turkey at 75 percent with England following with 30 percent. Information and mobile technologies both in Turkey and in global markets receive 25 percent of angel investments. E-commerce and applications are the sectors obtaining the most angel investments with health technology closely following. One out of ten angel investments makes a profitable launch.
Burak Büyükdemir, founder of Etohum, said that they get 200 applications on average monthly and 20 out of 40 companies in which they invested became successful. Fulya Keskin, director at sirketortagim.com, stated that they planned to increase their investment rates next year which have amounted to TL 1.5 million so far.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
