Startup ecosystem in Türkiye
The startup ecosystem in Türkiye represents a dynamic and innovative network, consisting of startups, investors (business angels, venture capitalists), and institutional partners. This thriving system supports the development of new businesses by leveraging technological advancements to meet consumer needs and transform ideas into viable solutions.
Since the early 2010s, regulatory initiatives and active government engagement have catalyzed an enriching learning phase, leading to a maturity phase after 2017 marked by the emergence of unicorns and the international expansion of Turkish companies. The COVID-19 pandemic accelerated this momentum, highlighting the ecosystem's ability to adapt and thrive despite global economic challenges.
In 2023, despite a challenging global environment, Türkiye continued to attract substantial investments in startups, with $913.1 million invested across 353 deals. Thanks to a youthful market and a rapidly growing workforce, the country stands out as a regional hub for innovation, attracting both local entrepreneurs and international investors. Key sectors such as fintech, digital health, and artificial intelligence benefit significantly from incubation programs, investment funds, and government initiatives promoting innovation.