1. Elif KOŞOK
TÜBİTAK TEYDEB Venture Capital Funding Group Executive Board Coordinator

2. Pillars of Further Improvement
Mission Oriented Approaches
Enhanced Interaction in the Ecosystem
Support to Frontier Research
Enhancing Skilled HR
Technology Based Start-ups & Innovation Interfaces
Focussed International Cooperation
Inclusive, Transparent and Flexible Strategies

3. Entrepreneurial Discovery Enabled by Technology Based Start-ups
Start-ups are source of creative thoughts and endeavour required to turn possibility for
distruptive technological innovations into reality.
Implementation Institutions
Technology Based SME/Start-up Ecosystem
TtO
Individual Young EntrepreneursSupport Program (1512)
Mentorship Services
Technology development zone
Individual Entrepreneur
SME
Finance ins.
Private sector
New Tech-Based Start-ups
(2017): 402
SME R&D Support Program
(1507)
Mentor Pool (1325 experts)
Mentorship Services:
Strategic tech/product management (271)
Advanced engineering design (143)
SME business development (627)
Business development for technology based start-ups (386)
Horizon2020 (19)
Mentorship Services
Young TTOs
Experienced TTOs
TTO Support Program
(1513)
Establishment Support:
Currently 17 TTOs
Coaching TTOs:
Currently 25 TTOs
(4 in TDZs)
(10 in TDZs)
Mentoring Mechanism Development Call
Mentor Training Call
Establishment, and Capacity Building of TTOs
Capacity Building Support Program (1601)

4. Technology Transfer Offices Support Program (TUBITAK 1513)
Improvement Points After Evaluation of 5 Years of Implementation
Incomes from licensing and commercialization activities of TTO’s are limited: Majority of the TTO’s incomes come from the services offerred for scientific research projects and university-industry collaboration projects.
Financial and self-sustainability of TTOs are low.
Differentiation in host university competency levels affect the affiliated TTOs: Universities differentiate in research capabilities, IPR Management and economic value creation. These differences highly reflect on TTOs, resulting in differentiation in performances among TTOs.
Performances are not taken into account in funding: Financial support ratio for TTOs is constant and does not consider performance increase or decrease.

5. Technology Transfer Offices Support Program (TUBITAK 1513)
Effective Transfer of Technologies to Industry -Mission and Performance Based Support System-
1.Phase
2.Phase
Same performance indicator set
Different targets regarding TTOs’ features
Different weights for boosting different improvement areas
For every TTO:
Institutional Capacity Development
Mission Oriented Growth
80% support ratio
40% - 80% support ratio based on TTO’s performance score
5 year support for every phase
Determined transition progress between phases
Panel assessment
On-site visits of at least two GYK members to TTOs that are above the threshold set by GYK
Expected Impact:
A support method monitored by targets in line with national R&D and innovation strategies
A dynamic structure that evolves with cooperation and learning, updated with regular feedback
Determination and dissemination of good practices of TTOs via performance assessment
Flexibility in budgeting and spending

6. Patent Support Program (TUBITAK 1602)
The objective is to increase the number of patent applications, and number of granted patents.
Both national and international patent applications are supported.
Application fee,
Research report fee,
Examine fee,
Granted patent reward
National Patent Application Attorney Support

7. Patent Support Program (TUBITAK 1602)
Progress in 2017
4.703 National Patent Applications Supported
(%55 of the TR addressed National Patent Applications to TurkPatent)
~2,4 Million TL Funded for National Applications
796 PCT Applications
(%66 of the Total International Patent Applications)
6 Million TL Funded for International Applications
1a) Number of national patent applications in 2017: (source: TÜRKPATENT)
1b) Number of TR adressed national patent applications in 2017: (source: TÜRKPATENT)
2) Number of PCT applications in 2017: (source: WIPO)
6 Milyon TL ( CHF) Funded for International Applications

8. Main Duties of University
Education 1
Research 2
Technogy Transfer 3

9. Technology-Based Initiatives’ Ecosystem
University
Technopark
Technology Transfer Office
Research Centers
Funds

10. Deficiencies in Ecosystem
Deficiency of Capital Accumulation
Lack of Experience on VC

11. Technology Based Early Stage Entrepreneurship
Sustainable venture capital ecosystem
for technology-based early stage entrepreneurship is activated.
Startup
Growth
Maturation
Technology-Based Early Stage Entrepreneurship Support
Venture Capital
Fund *
Undersecretary
of Treasury
TTO/TDZ/RI
(LP)
Other Investors (LPs)
Technology Based Initial and Early Stage Initiatives 1
Technology Based Initial and Early Stage Initiatives 2
TÜBİTAK
Venture Capital Fund Model
Added Value:
Increase the amount of funding for early stage entrepreneurship with high risk
Increase the accumulation of know-how on IP valuation and commercialization experience on TDZs, TTOs and RIs in the medium and long term.
Faster and easier commercialization of R&D results
Increasing Number of Players in Venture Capital Ecosystem
Establishment of Specialized Venture Capital Funds of TDZs, TTOs and RIs in medium / long term
«Open to Investors from Abroad» 11

12. Conditions of TÜBİTAK Grant
Capital Accumulation Condition
After the fund’s exit from the investments, TUBITAK grants will be accumulated in TTO, TDZ, RIs and will be used in the funding of early stage technology-based initiatives.
Experience Accumulation Condition
It is aimed to transfer experience from Funds to TTO, TDZ, RIs. At least one representative from TTO, TDZ, RIs will be involved in at least 3 due diligence studies each year, and they will get experience on company valuation, legal transactions, commercialization etc. about fund management. These experiences are expected to be transferred to the ecosystem.

13. Features of Funds Funds will be managed and decided independently
Funds will invest in early stage technology-based ventures in Turkey
University research, spin-off and start-up investments as well as the commercialization of R & D activities and innovation will be financed
Fund term will be 12 years, the investment period of the first 5 years

14. Minimum 2 Million TL Maximum 20 Million TL Maximum 100 Million TL
Grant Amount
Minimum 2 Million TL
Maximum 20 Million TL
The amount of grant support that TÜBİTAK can allocate to each institution within the scope of the call
Maximum 100 Million TL
The amount of grant support that TÜBİTAK can allocate to all institutions within the scope of the call

15. Application and Evaluation Process
Treasury's Decision to Participate in Funds
Call, evaluation and participation decision for funds
Panel Evaluation
1. Technological and/or technical competence (quality and appropriateness of processes developed by TTO/TDZ/RIs for the success of the project)
2. Feasibility (eligibility of TTO/TDZ/RIs to be supported and the structure of the Fund)
3. Impact (Institutional Capacity Building and Sustainability)
Simultaneous TÜBİTAK Support Contract with TTO/TDZ/RI and Participation Agreement between Treasury and funds A support contract is signed between the TÜBİTAK- approved TTO/TDZ/RIs and the participation contract is signed between the Treasury and the Funds.
TÜBİTAK Conditional Support Decision
The conditional support decision on TTO/TDZ/Rıs that will participate to Funds is sent to Ministry of Treasury and Finance
Joint Project Application- Application Deadline
TTO/TDZ/RIs apply for a joint grant support.
Call Announcement

16. Thanks for your attention...
Elif KOŞOK
TÜBİTAK TEYDEB Venture Capital Funding Group Executive Board Coordinator