Intellectual Capital
Technology and Innovation Fund
In line with Türkiye’s development goals, Development
Investment Bank of Türkiye recognizes a special place for
technology and innovation in the Türkiye Development Fund,
which was established to support investments in priority
sectors and sustainable growth.
The development and production of high-value-added, innovative,
and technological products are supported through the Türkiye
Development Fund. TKYB realizes this support mechanism with the
Technology and Innovation Fund, providing financing to the
startup ecosystem and technology investments.
The Technology and Innovation Fund not only provides financing
but also provides advisory support to clients on strategic,
managerial, and financial issues. This comprehensive approach
demonstrates that the Bank fully recognizes the importance of
technological innovation and entrepreneurship.
Technology and Innovation Fund Strategies
| Fund of Funds Strategy | Venture Capital Co-Investment Strategy | |
|---|---|---|
| Investment Types | Fund commitments | Capital Structured Capital/Debt |
| Investment Focus | Funds aligned with the venture capital
co-investment strategy |
New-generation startups that produce/use high technology |
| Geographic Coverage | Funds established in Türkiye and/or
at least 50% of the investments to be made in Türkiye |
At least 50% of its operations are in Türkiye |
| Target Investments | VC funds with successful exit experience, well-known in the ecosystem, and a joint investment-oriented strategy |
|
| Number of Targeted Investments | 4-8 Venture Capital Funds | 6-12 Company |
| Investment Amount | Series A and before 1 million + TL
Series B and before 2 million + TL 5-20 million TL per company |
10-50 million TL |
As a result of the collaborations and fundraising efforts made
in this context, strategic collaborations were established by
ensuring the participation of the Ministry of Industry and
Technology and KOSGEB as investors in the Regional Development
Fund and Technology Innovation Fund, which are sub-funds of TDF,
and the size of the Technology and Innovation Fund reached
475 million TL in 2022 with additional commitments of 100 million TL
provided by KOSGEB. In 2022, DVCPM established the 6 million USD
Development METU Teknokent Venture Capital Investment Fund. The
Technology and Innovation Fund made a direct capital investment
of 1.4 million USD in 2022.
With this sub-fund, the Bank extends its support to technology
initiatives by concentrating its investments in technological
innovation-oriented new-generation initiatives (startups) and funds
investing in these initiatives (venture capitals). Thus, TKYB
contributes significantly to Türkiye’s development and economic
growth through its investments in technology and innovation.
212 Regional Fund II
Development and Investment Bank of Türkiye acts with the mission
of supporting venture capital funds investing in technology and
innovation. In this context, as a result of the cooperation with the
European Investment Fund (EIF) and the Türkiye Investment Initiative
(TII), the Bank made an investment commitment of 3 million EUR to the
Luxembourg-based 212 Regional Fund II, which has an initial fund amount
of 30.5 EUR million and whose main objective is to invest in
early-stage companies operating in the field of information and
communication technologies. .
In 2022, Türkiye Development Fund (TDF) continued to make capital
investments in Türkiye’s innovative initiatives and companies with
high growth potential through its six sub-funds.
As a result of these activities TKYB also established the 6 million
USD Development METU Teknokent Venture Capital Investment Fund in 2022.
This fund aims to help early-stage technology startups reach growth
by connecting them with capital investments, mentorship, and network
access.
Together with the Development METU Teknokent Venture Capital
Investment Fund, established in partnership with the Development Fund
of Türkiye and METU Teknokent, the total volume of funds managed by
TDF has exceeded 1.6 billion TL.
In addition, the total size of the Technology and Innovation Fund,
in which KOSGEB is an investor with a commitment of 100 million TL,
has reached 475 million TL. This fund made a direct capital
investment of 1.4 million USD in 2022.
TKYB’s 3 million € investment commitment to 212 Regional Fund II was
taken over by TKYB Capital Fund on 01.01.2022. This fund became an
investor in Diffusion Capital Partners (DCP) fund with a commitment
of 500 thousand EUR. TKYB Capital Fund also made a direct investment
of 1 million USD in Figopara.
Within the scope of the Regional Development Fund and the Innovative
and Advanced Technologies Participation VCIF, TKYB’s investment
processes for SMEs in the fields of industry, mobility, and
cybersecurity and for startups operating in the fields of deep tech,
automotive, data analytics, food, and Fin Tech planned through the
Technology and Innovation Fund and TKYB Capital Fund are still ongoing.
Within this framework, TKYB is effectively realizing its targeted
investments in the fields of technology and innovation through the
212 Regional Fund project and other venture capital investment funds
and contributing significantly to Türkiye’s development and growth
targets in this field.
The fund portfolio consists of the following;
Chooch AI in artificial intelligence
Meddy for online doctor booking, 123 for online form and workflow services, Avatao for cybersecurity training platform,
Advertising/marketing design software Artboard Studio,
Triomobil in the Internet of Things,
Omma in digital display software,
Smartmessage for marketing automation in digital channels,
Martı in the field of micro-mobility,
Mall IQ, offering smart location services that improve the in-store shopping experience,
Mobile advertising platform Appsamurai,
Fazla Gıda in the field of food,
Metrobi in B2B logistics. Development and Investment Bank of Türkiye’s investment commitment to 212 Regional Fund II was taken over by the TKYB Capital Fund established under the TDF umbrella fund on 01.01.2022.