"The way of closing current deficit passes from technology enterprises"
Evaluating the application of issuing 200 thousand TL grant to entrepreneur candidates as "a valuable first step taken by the Government”, the Young Executives and Business People Association (GYIAD) Chairman Yiğit Savcı reminded that an enterprise revealed in Turkey sold to foreigners in the previous years at 600 million dollars, and said, "This if we can improve our entrepreneurship ecosystem, we can close our current deficit.”
Young Executives and Business People Association (GYİAD) Chairman Yiğit Savcı said that the application announced by the Industry and Technology Minister Mustafa Varank for granting entrepreneur candidates a donation of 200 thousand TL will contribute to the development of the entrepreneurship ecosystem. Noting that Teknogirişim (Techno-Initiative) Capital Support that will be implemented within the scope of Individual Young Initiative (BIGG) Program should be considered as a very valuable first step taken by the government, Mr. Savcı said:
“The internet initiative that was developed in our country and sold to a foreign company for 600 million dollars in recent years, again an e-commerce company that was recently sold to the Chinese world giant for 728 million dollars and a game company that was partially transferred to a US company for only 100 million dollars last year are the examples we can see, if we can improve the ecosystem of technology entrepreneurs, we can close our current deficit rapidly While the world is rapidly transforming in the 21st century, it is necessary to create fictions that will make these initiatives sustainable by opening the way for technology entrepreneurs in our country. Starting from the seed stage, we find it important that entrepreneurs actively use the supports provided by techno parks and incubation centers, including state supports and angel investor supports. Furthermore, our association also provides trainings and mentoring support to entrepreneurs with GYİAD Academy; therefore, I think that all entrepreneurs should focus on the big picture, not just content themselves with the grants. ”
Saying "I believe that it will be useful to evaluate our recommendation, which we communicated to the relevant ministry as GYIAD for not collecting VAT from the start-ups during the first 3 years, to the ecosystem”, Mr. Savcı said, "Besides, through the establishment of technology tax authorities, producing software and hardware in Turkey especially supported for export is extremely important. In addition to all these, we believe the investments in the online platforms will prepare the future of Turkey.”