This presentation outlines the services provided by NoviCor and gives a brief overview of grants available to companies performing R&D in Turkey. The grants covered in the presentation are mainly TUBITAK/TEYDEB grants.

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Novicor Introduction
We assist our clients in
 Accessing public and private funding
 Building international project partnerships
 Developing strategies and roadmaps to
gain access to new technologies
trigger innovation
maximize funding and grant opportunities
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About Us
 Established in 2006
 Academic & International Network
 Acquired by Sistem Group in early 2011
SISTEM GROUP
 CPA, Legal, Financial Consulting and Financial
Operations outsourcing services
 Offices in Ankara and Istanbul
 Over 80 employees
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Project Distribution
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In fo rm a ( o n )a n d )
Co m m u n ica ( o n )
T e ch n o lo gie s)
6 8 % )
B io t e ch )a n d )H e a lt h )
1 2 % )
A u t o m o ( v e )
8 % )
T e x( le s)
5 % )
O t h e r)
7 % )

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Key References
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Our Academic References
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Novicor Approach
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Excellence

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Our Service
 Developing funding strategies
 Selection of the correct funding mechanism
 Ideal approach based on the fund programme
 Balancing client and programme needs
 Innovation - Uncertainty
 Client expectations
 Maximizing the project budget
 Maximizing funding rate
 Building networks
 Academic
 International
 Building lasting cooperation partnerships
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Funding Options
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Ethical Guidelines
 Never take on projects that have a low chance of
being funded
 Never craft a project application that is unrealistic
and beyond the skillset of our client
 Never include side costs that are not in line with the
rules of the programme
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Social Responsibility
 100 % subsidization of our consulting fees for R&D
intensive startups at their founding stage.
 Lobbying the government to improve the R&D
support system for SMEs
 Free trainings at universities and SME platforms on
R&D support mechanisms
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Sample Budget
 Project Budget: 800.000 TL
 Assumption: %30 of total costs is personnel costs
 Law 5746 tax reduction #1
 Social Security and Personal Income Tax: ~ 45.000 TL
 Remaining Budget: 755.000 TL
 TÜBİTAK – TEYDEB grants
 SME: 566.250 TL
 Large Enterprise: 377.500 TL – 453.000 TL
 Law 5746 tax reduction #2
 Corporate Income Tax Reduction: ~ 37.750 – 75.500 TL
 Overall Funding
 SME: 762.250 TL (% 95 of total)
 Large Enterprise: 573.500 TL - 649.000 TL (%71 - %81 of total)
 Optionally a 4 year 0 interest USD loan can be requested
from TTGV for the same project.
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TÜBİTAK
R&D Programmes
 All Payments are Grants
 %40 – %75 Funding Rate
 No maximum project budget
 Projects up to 36 months
 Open to all companies in Turkey (even those with
100% foreign ownership)
 Detailed review/audit of R&D content
 Reimbursement of costs following audit of receipts
and activities in 6 months intervals
 No limit to the number of projects a single company
can submit
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TÜBİTAK – European Union
EUREKA – Eurostars Programme
 All payments are grants
 75% funding rate for SME’s
 60% funding rate for Large Enterprise
 No maximum project budget
 No maximum project duration
 Open to all Ltd and AŞ status companies
 Accelerated project review process
 International project partner required
 Project partners must be independent
 Local & International Application
 Fast access to international markets
 Detailed review of R&D content
 Post reimbursement of costs in 6 months intervals
 No limit to the number of projects
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