Istanbul is rising as a vibrant area for younger entrepreneurs and expertise fanatics to showcase their expertise in innovation and high-tech.
With assist from the Investment Office on the Presidency of Türkiye, the Islamic Cooperation Youth Forum (ICYF) on Tuesday formally launched its International Incubation Center which will likely be headquartered within the Turkish metropolis of Istanbul.
The incubation middle “provides office space, event or summit management support, creates opportunities for regeneration and investors,” stated Mahmoud Sabra, CEO and founding father of Derivative, an automation resolution for warehouses.
Sabra was attending the launch occasion together with many different younger tech fanatics from everywhere in the world.
“Due to the COVID-19 pandemic, there was a lot of human labor shortage, so, together with Sabra, we launched this startup in 2020 to integrate robots with human labor to allow warehouses alternative solutions,” stated Abdul Gaffar, co-founder of Derivative.
Gaffar and Sabra, who hail from India and Lebanon, respectively, graduated from the Haliç University in Istanbul earlier than launching their startup.
Nurturing concepts
Another younger entrepreneur from Malaysia, Wan Muzaffar, can also be nurturing his startup on the incubation middle.
He landed in Istanbul a month in the past and is busy with market analysis.
The middle is “providing market access, market study and a potential customer base and is allowing localization of my product that is Anak2U,” Muzaffar advised Anadolu Agency (AA).
He stated his startup gives options to academic establishments to make the teaching-learning course of simpler for college kids.
“Ours is a customizable learning platform where a learning institution can have its own application and operating system … it allows remote studies,” he added.
Muzaffar’s startup is already working in faculties and Islamic seminaries in Malaysia.
“Around 150 centers of an Islamic seminary use our platform,” he stated, including, “I am in Istanbul exploring new markets and trying to localize my product.”
When requested why they selected Istanbul as a base for his or her startup, Derivative founders Gaffar and Sabra, stated, “It is a good hub for suppliers and producers.”
“Our target customer base is the Gulf region besides local Turkish markets,” he stated.
Access to international markets
Furkan Karakaya, vp of the Investment Office, stated “digitalization has increased the importance of tech startups.”
Türkiye affords entry to international markets, he advised the entrepreneurs attending the occasion.
“With its unique geopolitical location, manufacturing and logistics infrastructure in place, Türkiye is at the center of global markets,” Karakaya stated.
Other audio system on the occasion pressured collaboration amongst entrepreneurs and companies in addition to viable investments.
The ICYF was launched in 2004 after the Foreign Ministers of the Organization of Islamic Cooperation (OIC) adopted a decision at their summit on June 14-16 that 12 months, in Istanbul.
The discussion board is a world, non-commercial, non-partisan group uniting main umbrella youth organizations from the member states of the OIC in addition to worldwide youth organizations, working within the OIC area and youth organizations representing vital Muslim minorities worldwide, based on its web site.
