3/23/2021

Turkey’s Entrepreneurship Ecosystem Draws Record Investment in 2020

​Vice President Fuat Oktay participated in the 3rd Value Summit and Turkey Add Value Brands Awards Ceremony on March 19, where he touched upon the fact that cooperation between public and private institutions will add a great value to Turkey and acknowledged Turkey’s entrepreneurship ecosystem crowded in a USD 139 million investments, breaking a record in 2020.

“The Turkish government maintains its efforts to simplify business procedures in order to create a much more efficient business environment for domestic and international investors alike,” explained Vice President Oktay. 

He further stated that Turkey is among the most investment conducive member states in the Organisation for Economic Co-operation and Development (OECD) with a 0.059 rate – as per the OECD’s FDI Regulatory Restrictiveness Index. 

In his speech, Oktay also placed emphasis on Turkey’s ’10 Turcorn’ goal for 2023 – an initiative launched by the Istanbul Chamber of Trade (ITO) aiming to create no fewer than 10 Turkey-based unicorns in the country’s tech-zones with a total value upwards of USD 1 billion by 2023. 
Fuat Oktay; Value Summit and Turkey Add Value Brands Awards; value; OECD; FDI; Istanbul Chamber of Commerce; ITO; Turcorn