The Turkish government has created favourable conditions for start-ups to thrive. Works are ongoing regarding improvements on the operational systems for small and medium-sized enterprises (SMEs), which are usually employed for creating startup ventures.
The Turkish startup is a regular company, therefore does not need to comply with specific requirements. What differentiates it from regular businesses is that it usually operates in innovative sectors which must meet the specific needs of clients. In that regard, it could require significant amounts of money for the initial and ongoing operations. For this reason, the startup will usually rely on specific funding sources, such as incubators, angel investors, and/or crowdfunding platforms.
Both domestic and foreign entrepreneurs can decide on startups in Turkey. The startup ecosystem is quite appealing to investors who want to develop their activities in Turkey, want to generate profits and enjoy a solid business climate.
Comments