Cankut Bolat

Technology Development Foundation of Turkey

Supporting R&D and technological innovation projects of the private sector in Turkey since 1991, TTGV is a successful example that Turkey indroduced in Europe; an innovative and dynamic intermediary mentioned in EU Lisbon Communique as an organization required to reach public R&D support to private sector. Bridging the crucial gap between public and private sector regulations that depend on different ideologies, TTGV is an open, transparent organisation that is accessible and presents minimum amount of red tape and bureaucratic procedures. TTGV provides long-term credit that is repaid by the companies and that requires cumpulsory contribution of the companies to all costs incurred in the project. By this way, the public funds are directed to R&D projects more effectively through the "multiplier effect"​ of the revolving fund. TTGV appraises the needs, expectations and priorities of public and private sector, and develops new support mechanisms suitable for continuously changing conditions. TTGV now has become a partner in technological innovation in Turkey.