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The main funding instruments (public and private) are presented available in Turkey for attracting finances.

Different grant institutions finance various projects and incentives for developing IoT solutions

Some grant institutions

The European Research Council. Since 2012, 18 Principle Investigators received an ERC Grant in Turkish host institutions. However, this number does not represent the true potential of Turkey when the number of mostly cited publications, the total number of publications, the R&D expenditure in GDP and the number of full time equivalent researchers are considered.

The Scientific and Technological Research Council of Turkey (TÜBİTAK) is the leading agency for management, funding and conduct of research in Turkey. It was established in 1963 with a mission to advance science and technology, conduct research and support Turkish researchers.

EUREKA is a publicly-funded, intergovernmental network, involving over 40 countries. EUREKA’s aim is to enhance European competitiveness by fostering innovation-driven entrepreneurship in Europe, between small and large industry, research institutes and universities.

The Turkish EUREKA support system was designed in line with EUREKA’s main objectives and aims to support EUREKA projects of Turkish companies in a favourable way. An online application tool was implemented for Turkish participants. All eligible costs of companies are covered by a grant throughout a project’s duration. There is no specific application deadline or cut-off date for project applications. Any Turkish company can apply for funding.

EURAXESS is a platform for researchers, entrepreneurs, universities and businesses to interact with each other and a joint initiative of the European Commission with the 40 countries participating in the European Union’s Horizon 2020 Programme for Research. Turkey is one of them.

TBAA – Business Angels Association of Turkey. Established in 2011 by a group of pioneer business angels in Turkey, it represents a sector that is expected to invest an estimated 500 million Euros annually in a few years’ time and has a key role to play in Turkey’s future, notably in the funding of SMEs and the creation of wealth and jobs. Most TBAA business angel network members are accredited by the government, and over 500 angel investors are members of these 10 BANs.

IPA. Turkey – financial assistance under IPA II. The priority sector for funding in this period 2014-2020 is Competitiveness & innovation. IPA supports increasing business competitiveness, strengthening research, innovation, and technological development.

The State Planning Agency of Turkey (DPT) is responsible for the planning of R&D strategies, but at the same time it is responsible for preparing the Technological Research Investment Budget which is the main source for government support of national R&D activities conducted under TÜBİTAK, TARAL, and other institutions such as universities and research centres. Since 2007, the DPT has been providing support for technology projects and other projects whose objectives are the development of human capital and research infrastructure.


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