Web Summit, the global technology conference where the world's largest companies gather to discuss hot topics such as technology and sustainability, took place in the Portuguese capital of Lisbon on November 1-4.
Under the leadership of the Investment Office, a Turkish delegation, including the Ministry of Industry and Technology, TUBITAK, Development and Investment Bank of Türkiye, Türkiye Wealth Fund and the Istanbul Development Agency, as well as related government bodies, technoparks, startups, and VC executives attended the conference to represent Türkiye and to network with their global stakeholders.
During the conference, Turkish startups competed with global players by pitching their products and seized the opportunity to expand their client bases, draw in funding, and team up with other technology companies.
This year, around 70,000 people from 160 countries visited Web Summit, where the Investment Office attended as a partner for the third time in a row, welcoming visitors at the "Invest in Türkiye" booth.
During his remarks on the Summit, Investment Office President A. Burak Dağlıoğlu referred to the eye-catching growth of the Turkish entrepreneurial ecosystem, and added, “Turkish startups marked a new milestone in the first three quarters of 2022, raising USD 1.5 billion investment from angel investors and VC funds, while Istanbul stands out as the 6th most funded European city in this regard. In the near future, most of our startups will exceed one billion dollars in valuation and become unicorns, backed by our tech-savvy, young and dynamic population, competent product developers, and successful exits to global companies.
The Investment Offices sees successful events such as Web Summit as an opportunity to showcase our ecosystem's potential and invite global players to invest in Turkish technology startups. This year, we stand together as one heart and are attending Web Summit under the umbrella of “Invest in Türkiye" together with our valuable entrepreneurs, technopark managers who open up space for entrepreneurs, our venture capital funds that believe in them and invest in their growth, representatives of our public institutions that develop the ecosystem day by day, and members of the media who share the exciting agenda of entrepreneurship with the public—all strong shareholders of the strong Turkish entrepreneurial ecosystem.