Türkiye Development Fund
Development and Investment Bank of Türkiye’s strategic goals include increasing the diversity of its financing products by focusing on priority sectors determined in accordance with the country’s development plans and programs, in areas with high import dependency, foreign trade deficits and providing great potential for employment and foreign exchange earnings. In this way, the Bank aims to provide effective solutions for the sectors that the economy needs.
TKF’s strategic objectives:
Objective 1
To be a key player in the growth of the entrepreneurship ecosystem by providing support to critical sectors for the sustained growth of our country, including its sub-funds, and by investing in new generation startups.
Objective 2
Take strategic steps to channel public resources into capital projects directed towards the country’s development.
The Türkiye Development Fund, established by the Participation and Investment Bank of Türkiye to realize Türkiye’s development goals, has exceeded 1.6 billion TL in total. In addition to providing financing to sectors for which development strategies have been identified, these funds aim to achieve nationwide development by expanding venture capital investments and encouraging the private sector’s orientation in this field.
The names and objectives of the funds established under the TKF umbrella fund are listed below:
Regional Development Fund (525 Million TL): Established in July 2020, this fund aims to increase exports of SMEs in strategic sectors and reduce the current account deficit, as well as expand regional employment.
Technology and Innovation Fund (475 Million TL): Created in December 2020, this fund expands the entrepreneurship ecosystem by supporting venture capital and technological investments.
TKYB Capital Fund (200 Million TL): Established by the Bank in September 2021, this fund aims to achieve technology-based growth by directly investing in venture capital funds and technology-focused startups.
Development Participation Venture Capital Investment Fund (125 Million TL): Established in May 2021, this fund invests capital in strategic companies operating in the manufacturing sector that will help reduce the current account deficit.
Innovative and Advanced Technologies Participation Venture Capital Investment Fund (235 Million TL): Created in May 2021, this fund aims to make equity or structured capital investments in companies aiming to produce high technology that can be used in the defense sector.
Development METU Teknokent Venture Capital Investment Fund (6 million USD): Development METU Technopolis Venture Capital Investment Fund, Innovative and Advanced Technologies Participation Venture Capital Investment Fund, and Development Participation Venture Capital Investment Fund are funds subject to CMB legislation. The objective is to contribute to the national economy by supporting technology-oriented companies.
These six funds, which enable direct capital investment in small and medium-sized companies, are designed to increase venture capital investments and direct more private sector resources to this area. The Bank’s goal is to contribute to the growth of the private sector through entrepreneurship and capital support by spreading investments across the country.
Development METU Teknokent Venture Capital Investment Fund, established jointly by the Bank and METU Teknokent Girişim Destek ve Yatırım A.Ş., was launched with a capital of 6 million USD.
Development and Investment Bank of Türkiye has taken on a special role to facilitate access to finance and support the formulation of long-term plans, focusing on the 11th Development Plan’s objectives for priority sectors.
Aware of this duty and responsibility, Development and Investment Bank of Türkiye continues its efforts to transform the manufacturing industry and supports access to resources for production-based growth. At the same time, the Bank continues to support industrial enterprises and initiatives in priority development sectors through six funds managed by its wholly owned subsidiary, Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş.
Aware of this duty and responsibility, the Development and Investment Bank of Türkiye continues its efforts to transform the manufacturing industry and supports access to resources for production-based growth. At the same time, the Bank continues to support industrial enterprises and initiatives in priority development sectors through six funds managed by its wholly owned subsidiary, Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş.