Turkish Development Fund
The Development Fund of Turkey and its sub-funds will continue to support sustainable growth in the industries of strategic importance to Turkey. We will also invest in new-generation ventures to assume a key role in the venture ecosystem.
The Development Fund of Turkey will contribute to national development through direct and indirect investments through the funds established by an experienced management team specialized in the market approach.
Investments
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<td align="center"><img src="/assets/uploads/detay-gorsel/ivci-logo.jpg" alt="ivci logo"></td>
<td align="center"><img src="/assets/uploads/detay-gorsel/212-logo.jpg" alt="212 logo"></td>
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<td align="center">Investment of €10 million in Turkey’s first fund-of-funds<br />(10 funds, 75 companies, 11 percent annual income in euros)</td>
<td align="center">Investment of €3 million in the venture capital<br /> investment fund 212<br /> Regional Fund ll</td>
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Projected Funds
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<th>Investment Areas</th>
<th>Investment Fund</th>
<th>Strategy</th>
<th>Target Companies</th>
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<td rowspan="2">Venture Capital (VC)</td>
<td rowspan="2">Techno-Investment Fund</td>
<td>Direct investments: VC funds<br />
and joint investments</td>
<td>Technology-oriented, new-generation ventures<br />
with high growth potential<br /></td>
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<td>Fund-of-Funds investment: <br />
Commitment to VC funds</td>
<td>VC funds with successful launch experience<br />
and proven investment strategies<br /></td>
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<td> </td>
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<td>Investment amount: <br />
10-50 million TRY per fund</td>
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<td>Direct capital or<br />
subordinated investments</td>
<td>Medium-sized enterprises</td>
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<td>Private Capital (PC)</td>
<td>Growth and Innovation Fund</td>
<td>Increasing export or reducing<br />
current account deficit in growth-<br />
and innovation-oriented, priority<br />
development strategic industries is prioritized</td>
<td>Turnover: 20-750 million TRY</td>
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<td>Investment amount: 25-75 million TRY</td>
<td>Manufacturing industry,<br /> professional services, <br />
IT, medicine/health,<br /> consumer products</td>
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