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Early Stage VC Investments in Turkey's Startups (2018-2023)
Early-stage funding in Turkey reached an all-time-high in 2023 totaling US $255 million.
This growth trajectory is further supported by significant infrastructural developments: as reported by the Republic of Türkiye Investment Office, there has been a nearly fivefold increase in accelerator programs, a sevenfold rise in incubation centers, and a thirteenfold expansion in co-working spaces from 2010 to 2017, illustrating a robust and rapidly maturing ecosystem conducive to startup innovation, entrepreneurship, and digital nomad lifestyles.
Turkey's startup ecosystem stands at a pivotal juncture, not just as a regional leader but as an emerging global hub of innovation and entrepreneurship, setting the stage for a future rich with potential and groundbreaking achievements.
Related Report
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The Growing Business of Foodtech
There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.
