2. Presentation Order
Embryonix - Important player for Izmir Ecosystem
Major Funding Resources in Turkey
The Eco System - A Scale Framework for Funding Institutions
Remarks
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3. Embryonix - Our Goals
To foster creative entrepreneurship in Izmir
To support innovative ideas and turn them into businesses
Speak and publish to create awareness for high impact
entrepreneurship
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4. We Provide
Product Development(Technical mentoring)
Business and Customer development(Business mentoring)
Start-up Tools
Events and event management
Networking
Office space and utilities
Small PR and Marketing budget
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5. 3 years 3 successful
Projects
2012:Online education and exam network 150 000
subs. in 6 months, PATH: Private investors. Worth:8M
USD
2011:Cloud computing and game hosting, over 20
engineers working, Top 5 in Turkey, PATH: Government
support 500 K, Worth: 4M USD
2012:Activity boxes for 3-6 years, subs. based, PATH:
Seed capital, Worth: 500K USD
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7. Crowd Funding? - In Turkey
First crowd funding example in Turkey
24 specialist; investors, consultants,
entrepreneurs
Every buyer of this book is an investor for
1 startup
5th publication released in 1 year, 15 000
TL accumulated
Golden Rules for Entrepreneurs
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12. Government
KOSGEB: SME Development Organization: 100K TL for Entrepreneurs.
TUBITAK: Scientific and Technologic Research Council: Up to 10M TL for
technical R&D projects.
Trade Ministry: 100K TL for Tech startups.
Development Agencies: Like IZKA, more localized projects, up to 10M TL
Other Ministries: I missed the TRACK!
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13. Banks
Still old school debt and equity financing
Private and mutual funds
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14. Investors and Investment Institutions
Seed Capital: 5K to 75K - So far we do not have any
Angels: Up to 7 companies in Istanbul and Ankara,
Government Accredited 31 investors, Predicted investment
30M USD(2012)
VC: 7 Prof. VC companies, investment 1M to 30M USD
Private equity: 16 which are mostly dealing with government
projects
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15. Filter for Start-ups We end up with:
KOSGEB
TUBITAK
Trade Ministry
Seed and Angel Investors
Development Agencies
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16. Alternative Funding Resources
Crowd Funding: Not an option yet - We do not like to give
money just for supporting
3F: Friends, Family, Fools - BEST OPTION
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18. 3 Scales* - Over 5(5 is best)
Accessible: How easy it is to grant?
Sufficient: How the amount fits to needs?
Suitable: Is the amount used properly and efficiently
*This is not academic only personal observation
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22. Angels and Seed
Accessible: 2
Sufficient: 4
Suitable: 5
Best choice for tech start-ups
Smart money
Not sufficient in number
Not trained
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25. For Government
Decrease RED TAPE
Increase the effectiveness of UI: Forms should be user
friendly
Let accredited institutions to manage funds
They know: HOW?, HOW MUCH? but they DONT know
WHY?
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26. Investors and Investment Institutions
Needs more and intense training
Should also be strategic partners
Do not copy everything from US - Specialized ecosystem
Should not be too much risk averse
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