TTGV was founded in June 1991 by the joint efforts of private sector companies, public institutions, umbrella organizations and individuals through a loan agreement signed between the Turkish Government and the World Bank. It is a non-profit organization established by law and operates to improve Turkeys competitive position in the international markets through supporting R&D activities of private sector firms. The main missions of TTGV are:
- To stimulate an increase in private sector investment in R&D
- To encourage the development of technologies with broad application areas
- To strengthen the links between industry and scientific organizations like universities, The Scientific and Technological Research Council of Turkey (TUBITAK), and other research organizations
- To help industry to exploit advances in science.
Annual Support Budget:
40 Million Euros
TTGV provides financial support to innovative and market oriented industrial projects of Turkish companies through soft loans. The support is made available through the resources of Undersecretariat of Foreign Trade of Turkey and formerly through the World Bank. In two projects financed by the World Bank, TTGV played an important role in developing and applying new support mechanisms to strengthen the private sector's research, technology development and innovation capabilities.
As of August 2006, for Technology Development Projects that is operational since 1991, TTGV provided 135 Million Euros to 494 projects, creating an R&D volume of approximately 270 Million Euros. Furthermore, the recommendations provided by the external experts during project monitoring and evaluation process became an important resource for the companies that do not have or trying to develop a corporate R&D practice.
In order to create a synergy among universities, human resources and knowledge base, TTGV also financed two technoparks -one in Bilkent University and the other one in Istanbul Technical University. Both technoparks host around 220 firms with 2000 employees today. TTGV also contributed to the establishment of two venture capital firms - isGirisim and TURKVEN to create a successful model for venture capital investments in Turkey.
Besides R&D support in technology development projects, TTGV gives support to environmental projects specifically aiming to Phase Out of Ozone Depleting Substances in Industry. The fund for this project group is made available by the World Bank through the Montreal Protocol. 18 Million Euros have been allocated for these projects TTGVs current supports are categorized as follows:
- R&D Projects
- Technology Development Projects Supports
- Commercialization Projects Supports
- Joint Technology Development Projects Supports
- Technological Entrepreneurship Projects
- Pre-incubation Supports
- Risk Sharing Supports
- Start-up Supports
- Environmental Projects
- Renewable Energy Projects Supports
- Energy Efficiency Projects Supports
- Environment Technologies Projects Supports
47 permanent (in addition, 1500 experts by contract for project evaluation and monitoring).
Mr. Ugur Yüce (Chairman of the Board-2007) TTGV
||+90 (232) 421 30 49
||+90 (232) 421 42 39
||+90 (232) 422 02 59
Contact information TTGV, Cyberpark Cyberplaza B Blok Kat: 5-6 Bilkent, 06800 Ankara Turkey
||+90 (312) 265 02 72
||+90 (312) 265 02 62