The head of Turkey’s presidential investment office has stated at the Web Summit 2020 that Turkey is set to see a larger amount of investment over the next five years, with interest in Turkey currently higher than ever.
Web Summit 2020
Web Summit is amongst the most prominent technology conferences in the world and according to the Turkish Investment Office, this is where they met with both start-up businesses and Turkish investors with favourable outcomes expected in terms of the amount of future investment.
During this summit there was a session called, “Turkey: Reshaping Venture Capital in Emerging Markets” which was attended by numerous Turkish entrepreneurs and those looking to invest in different markets.
The head of the investment office Burak Daglioglu added his views to the statement and said that: “As the Presidency Investment Office, venture capital and technology enterprises are among our priority agenda items. Istanbul also needs to research its deserved place all over the world, as an entrepreneurship centre.”
Daglioglu was quick to add that Turkey has a highly developed and supportive entrepreneurial ecosystem and said that higher returns were to be expected due to the international funds which have been invested in the country in recent years and will continue to do so over the next five years and beyond.
Future investment in Turkey
A partner in an investment firm specialising in start-ups in Istanbul added that the total amount invested in start-up businesses peaks at approximately 100 million USD a year in Turkey. The partner went on to say that: “Turkey was one of the leading countries in this field with a total output volume of 3.5 billion USD since 2018. Considering the increasing interest of foreign investors and acquisitions, Turkey is one of the most profitable markets in the world for early stage investors.”
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