An occasion organized by certainly one of Türkiye’s pioneering non-public banks this week introduced collectively entrepreneurs engaged in agriculture with funding ecosystem stakeholders to speak about cooperation and partnership alternatives.
The “Innovative Agricultural Technologies” occasion by the Turkish Economy Bank (TEB) promoted 5 startups centered on new-generation agriculture applied sciences and gathered them with an skilled angel funding community.
One of Türkiye’s oldest monetary establishments, TEB itself launched the Private Angel Investment Platform in 2013 geared toward supporting data-oriented transformation within the funding world and providing its clients various funding areas.
New funding areas
Supporting functions that contribute to making a sustainable financial system, society and atmosphere, TEB says it focuses on offering social advantages by putting sustainability on the middle of its business techniques and decision-making processes.
This has led the lender to assemble its actions underneath the Private Angel Investment Platform to again the funding world transformation and proceed to supply its clients with new areas for investments. It usually organizes varied occasions to convey collectively the startup ecosystem and traders.
Data-oriented transformation
The “Innovative Agricultural Technologies” occasion got here simply months after TEB organized its newest gathering underneath the theme of “Social Entrepreneurs Aiming at Ecological Sustainability.”
Its final assembly introduced collectively know-how and data-oriented entrepreneurs working within the subject of agriculture with the stakeholders of the ecosystem.
Held with the help of TEB Venture Banking, TIM-TEB Venture House, TEB Women Banking and TEB Fintech Future Four, all of which have expertise in working with entrepreneurs and traders, the occasion was marked by a gap speech by TEB Retail Banking Group advertising and buyer expertise director, Hayri Telekoğlu.
In addition, the founding father of the business monitor startups.watch Serkan Ünsal shared the newest information associated to the entrepreneurship ecosystem in Türkiye and unveiled the Agritech Startups Map of Türkiye, ready with the help of TEB.
5 startups on stage
Executives of the 5 startups, particularly Cowealthy founder and CEO Ismail Bican, GÖRSENTAM Agricultural Technologies founder and CEO Mert Demirel, Nanomik founding companion and CEO Buse Berber Örçen, Ne Ekersen founding companion and CEO Emre Taşkıran and Uptechlabs founding companion and CEO Mert Kalaycı, talked about their initiatives and answered the questions of angel traders on the occasion that additionally mentioned applied sciences and funding alternatives within the subject of agriculture.
Initiatives growing options in agriculture, animal husbandry, organic conservation and hydroponic farming answered questions on funding and development potential.
Key to sensible cash
The closing panel of the occasion noticed ŞirketOrtağım Deputy Chair Mehmet Buldurgan, Keiretsu Forum Türkiye General Manager Duygu Eren, Galata Business Angels Secretary-General Ata Uzunhasan and Angel Effect Chair Board Gökhan Akar talk about the capabilities and work of angel funding networks within the funding world of Türkiye.
The panelists notably highlighted that enterprise capital funding funds, the variety of which has lately exceeded 200, would have totally different capabilities within the interval forward. They additionally drew consideration to the variations supplied by angel funding networks in mentoring and sensible cash funding.
Tech-focused agriculture ventures
Gökhan Mendi, deputy basic supervisor of the Turkish Economy Bank, emphasised that the lender took its first steps in 2013 by concurrently implementing the Angel Investment Platform and Venture Banking.
“Venture Banking has been working with entrepreneurs for many years. Under this umbrella, we have established TIM-TEB Venture Houses in seven provinces to date, and we have developed 11 Technology Portfolios in eight of our branches. Thanks to this, we have worked with more than 1,700 startups and supported the establishment of a scaleup company,” Mendi mentioned.
He recalled that they organized the primary assembly in June with the theme of “Social Entrepreneurs Aiming at Ecological Sustainability,” earlier than turning to discussions about agricultural applied sciences.
“There are very successful startups who want to invest in this regard. For this reason, we wanted to bring together entrepreneurs operating in the field of agriculture and corporate customers by organizing the ‘Innovative Agricultural Technologies’ meeting,” Mendi added.
“Our aim has been to discuss agricultural technology investments and to highlight changes in this area further. We think that technology-oriented startups should increase in a country with fertile soil, abundant water and sun like Türkiye.”
New cooperation platform for well being startups
Meanwhile, Turkish pharmaceutical firm Sanofi Türkiye is launching cooperation with TT Ventures, the company enterprise capital arm of Türk Telekom, underneath the PharmUp Hub, geared toward strengthening the startup ecosystem engaged within the subject of well being.
The PharmUp Entrepreneurship Program, which was carried out by Sanofi Türkiye in 2019, has for 3 years efficiently introduced collectively entrepreneurs from all fields and sectors who can develop options for the well being care sector.
Seeking to take the mission even additional as of this 12 months, the corporate has began to work on remodeling PharmUp right into a Türkiye-based multi-stakeholder entrepreneurship platform so as to improve world competitiveness within the subject of well being care and strengthen the innovation ecosystem within the nation.
In this context, the PharmUp Hub Platform, one of many largest innovation interfaces of Türkiye within the subject of digital well being, has been launched.
The scope of the cooperation is geared toward supporting mission growth processes for entrepreneurs and remodeling value-added innovation and technology-based tasks into merchandise by making a scientific platform.
Potential startups will be capable of profit from the workplace workspaces supplied by TT Ventures, mentoring help and the know-how that would assist them flip their concepts into services.
The cooperation course of that has began between Sanofi Türkiye and TT Ventures is meant to develop with the participation of technoparks, incubation facilities and the non-public sector.
Innovation platform
The PharmUp Hub, which, along with company companions, universities and incubation facilities, provides startups laboratories, thematic innovation applications, workshops, knowledgeable help and data sources, has been became an innovation platform as of this 12 months, mentioned Sanofi Türkiye nation head and Sanofi Türkiye, Africa and the Middle East Basic Products President Cem Öztürk.
“The cooperation we have made with TT Ventures is an important step we have taken in realizing our goal. We are glad that we will create value both for entrepreneurs in the field of health and for the national economy with the support that this cooperation will offer,” Öztürk famous.
For his half, TT Ventures General Manager Muhammed Özhan mentioned they imagine that the cooperation that can begin with Sanofi may even discover itself a spot within the world enviornment by extending past Türkiye within the close to future.
“As TT Ventures, we will continue to develop the entrepreneurship ecosystem by adapting the technical knowledge we have to different projects with the aim of being a bridge that opens startups to the world,” Özhan famous.
