Startup Istanbul ready to gather int'l entrepreneurs, angel-investors

Until Oct. 10, Startup Istanbul is bringing 100 entrepreneurs with global and local angel-investors. On the last day of the event, the challenge finals will take place where 15 finalists will be in front of the jury



New enterprises and technologies induce the birth of new professions. Companies such as Instagram, Uber and Snapchat, which were not around five years ago, are now recruiting talented people around the world for their global operations. In a way, these companies are helping to create new professions and help generate employment. Entrepreneurs who could not realize their own dreams work their magic to realize the dreams of others. Since the success rate is 5 percent, even in Silicon Valley, Turkey has to make new decisions about vocational training as the country is preparing to create the market to generate new professions in efforts to accelerate its digital transformation. In particular, the number of entrepreneurs who work in the Internet ecosystem is quite insufficient. Indeed, there are numerous technological and social problems that can be solved via the Internet, technology and social media.Organized for the fourth time and described as one of the most important entrepreneur network events in Eurasia, Startup Istanbul by the Turkish Union of Chambers and Commodity Exchanges (TOBB) brings the world's most important Internet entrepreneurs, experts and investors together in Istanbul. The event, which welcomes hundreds of entrepreneurs and investors, brings the various details on the enterprise ecosystem on the table. Moreover, a total of 100 entrepreneurs, which are chosen among 25,000 applications from 135 countries, will have a chance to make a presentation on their projects to investors. The conference, which kicked off yesterday, continues with mentor events. Today, 50 enterprises among a total of 100 enterprises will be attending the demo day and make a presentation to investment companies, angel investment networks and individual investors.

Incubation centers for entrepreneurs

Techno-parks designed by Istanbul Technical University (İTÜ) and the Middle East Technical University (METU) feature exclusive incubation centers for entrepreneurs in Istanbul, İzmir and Ankara as well as in various cities throughout Anatolia. Special enterprises such as "e-tohum" and international events such as Startup Istanbul enable global investors to go hunting for entrepreneurs in Istanbul. Various steps are also taken by METU and İTÜ to bring entrepreneurs into the global arena, especially in the U.S. Turkish entrepreneurs are coming together with global investors via annual events. METU TEKNOKENT T-Jump and İTÜ Gate projects help new enterprises to take roots in the Silicon Valley while projects such as Türk Telekom Pilott help entrepreneurs to get accustomed to the Silicon Valley.New entrepreneurs create new employmentNew entrepreneur businesses take the advantage of user data on the Internet and prioritize customer audience. Through this strategy, data mining and marketing skills based on personal data are brought to the fore. As widely seen, virtual reality, driverless cars or air vehicles as well as new generation technologies and renewable energy continuously grow. In return, the number of employees needed for these industries also increases. Marketing, media and content management fields, where fast changes occur, divert from traditional business styles but focus on video, social media and new generation publishing platforms.Angel investors are ready​The TOBB Startup Istanbul will close on Oct. 10 at Volkswagen Arena. Conferences and Startup Challenge Finals will take place on the last day of the event. The 15 finalist enterprises will stand in front of the jury, featuring Andreessen Horowitz partner Matt Spence, Rubicon VC General Partner Andrew Romans, Y Combinator partner Adora Cheung, Abraaj Capital Managing Director Omar A. Syed and 500 Startups Istanbul General Partner Rina Onur. This jury will determine the final three enterprises. Keynote speakers will also take the stage for public sessions on Monday.