1514 - VENTURE CAPITAL SUPPORT PROGRAM (TECH-INVESTR)
Project Status : Active
Updated Date : 27.04.2021
1514 - VENTURE CAPITAL SUPPORT PROGRAM (TECH-INVESTR)
DETAILS
Tech - InvesTR Venture Capital Support Program has been prepared in order to meet the capital needs of SME-scale early stage technology-based companies, which can provide added value to the national economy, in the commercialization process of their products and technologies resulting from their R&D and innovation activities, through venture capital funds.
With the Tech-InvesTR Venture Capital Support Program to be carried out jointly by the Ministry of Treasury and Finance and TÜBİTAK, it is aimed to;
- Contribute to meeting the capital needs of these companies in our country by supporting early stage technology-based venture companies,
- Create a high value-added production environment by commercializing R&D and innovation results in early-stage technology-based enterprises,
- Contribute to the establishment of venture capital ecosystem by encouraging the establishment of new funds that will provide capital to venture companies,
- Enrich financial support specific to each phase of the life cycle of venture companies in order to ensure the continuity of the ecosystem created,
- Increase the number of investors in the venture capital ecosystem,
- Establish a sustainable venture capital ecosystem to support early-stage technology-based initiatives,
- Ensure the accumulation of experience and resources in venture capital in Technology Transfer Offices, Technology Development Zones and Qualified Research Infrastructures.
The Ministry of Treasury and Finance, Technology Transfer Offices, Technology Development Zones, Qualified Research Infrastructures and other private investors will participate as limited liability partners in the venture capital funds to be established within the scope of Tech – InvesTR Program. The management of the fund will be carried out by independent fund managers.
50% of the contributions to be paid by TTO, TGB and AA, who participate in the funds as investors, for early stage technology-based initiatives will be supported by TÜBİTAK in the form of a grant. In addition, overhead support up to 10% of the contributions will be provided to the organizations. Again in this context, if requested, a prepayment against a guarantee up to 20% of the total amount committed to the fund in order to meet the cash needs of the supported TTO, TGB and AA will be made.
The grant to be given by TÜBİTAK to TTO, TGB and AA will depend on 2 main conditions, which are for the provision of resources and experience. In case of the termination of the fund and exit from the investments with the condition of resource accumulation, the amounts corresponding to the TÜBİTAK grant from the principal and dividend amounts will accumulate within the bodies of these organizations and will be used for the funding of technology-based enterprises in the future. Within the scope of the experience accumulation requirement, it is aimed to provide experience transfer from the fund to the Institutions. For this purpose, it is aimed to involve at least one personnel from these participating Institutions in fund activities and to gain experience in fund management, company valuation, legal transactions, commercialization, etc., and to transfer these experiences to the ecosystem.
Within the scope of the new Tech-InvesTR program, which entered into force with the Cooperation Agreement signed between TÜBİTAK and the Ministry of Treasury and Finance on 14.06.2018, a call is made by TÜBİTAK with a budget of 100 million TL.
Tech-investr_programi_tanitim_brosuru-5526