Opportunities for IT Start-Ups Kuzeyhan Özdemir Bilkent TTO THE STORY STARTS WITH CREATION OF AN IDEA AT OUR MINDS! LET ME GUESS WHAT IS IN YOUR MIND. NOW ! IDEA ? START UP ? STAND UP ? WHAT ??? “INNOVATION” “ANGEL” (I LIKED THIS ONE) “VENTURE CAPITAL” ETC. IS IT ALL? WE HAVE “IT” YES; WE KNOW IT Start Up vs Company A Company is a BusinessOrganization that Sells a Product or Service in exchange of Revenue or Profit. Opportunities for IT Start Ups • There are Support and Grant Mechanisms mainly from TÜBİTAK (Turkish Scientific and Research Council), Turkish Ministry of Science - Industry and Technology, KOSGEB (Turkish Small and Medium Enterprises Development Organization). • There are also Angel Investors and Venture Capital Firms and Funds Supporting StartUps. TÜBİTAK 1512 - Support Program in Stages for Individual Entrepreneurs Who can apply? Graduated from a university No share in any company TÜBİTAK 1512 Program 1. Phase From Idea to Business Plan If the business idea is found to be positive by TÜBİTAK, support will be given. Support is in the form of Entrepreneurship Traning & Business Mentoring to prepare the Business Plan. TÜBİTAK 1512 Program 2. Phase Incorporation and Technological Verification (Capital support) if the application has been found succesful after the evalution of business plan , Capital support will be given to the Entrepreneur. TÜBİTAK 1512 Program 2. Phase Non-refundable (grant) capital fund ≤ 100000 TL General expense support (%20) ≤ Project support upper limit Time duration ≤ 12 months TÜBİTAK 1512 Program 3. Phase Advanced R&D Phase First R&D project will be supported under TÜBİTAK 1507 SME R&D Initial Support Program TÜBİTAK 1512 Program 3. Phase Project budget upper limit ≤ 500.000 TL AND 75% Support Rate (Stated in 1507 SME R&D Initial Support Program implementation fundamentals) TÜBİTAK 1512 Program 4. Phase Commercialization Phase Supported companies will be led to the Angel Investors and Venture Capital Funds. The companies will be met with the leading actors in their sector and potential customers through the project markets. . Ministry of Science Industry and Technology - Techno Entrepreneurship Program Who can apply: Any student who will gradute in one year and any university graduate with no company share. Support : 100.000 TL (Full Grant) Support Duration : 12 months KOSGEB – Entrepreneur Support Program Entrepreneurship Support Programme comprises of 3 Subprogrammes: • Applied Entrepreneurship Training • New Entrepreneur Support • Business Improvement Centre (BIC) Support KOSGEB – Entrepreneur Support Program Applied Entrepreneurship Training • It includes training and workshop studies of minimum 60 hours (entrepreneurship abilities testings, business idea exercises and business plan preparation) • Trainings are arranged for general and specific (youngs, women, disadvantageous groups) target groups, • No charge from participants. KOSGEB – Entrepreneur Support Program New Entrepreneur Support •This support is available for the entrepreneurs who had completed the Applied Entrepreneurship Training and started his/her own business, ISGEM entrepreneurs. SUPPORT COMPONENT UPPER LIMIT (TL) SUPPORT RATIO (%) (1st &2nd Regions) Enterprise Establishment Support Establishment Period Machinery, Equipment and Office Hardware Support Operational Costs Support Fixed Assets Investment Support No Payback 5000 No Payback 10000 No Payback 12000 With Payback 70000 60 (Female or handicapped entrepreneur:70) SUPPORT RATIO (%) (3st &4nd Regions) 70 (Female or handicapped entrepreneur:80) KOSGEB – Entrepreneur Support Program Business Improvement Center (BIC) Support • Business Improvement Centers are centers founded and operated with an aim of enabling the companies under its umbrella to pass through the critical early years healthily and grow up by extending services such as business improvement consultancy, workshop sites that can conveniently be afforded, shared office equipments and office services. • Municipalities, universities, special administrations, development unions, professional organizations and non-profit organizations can solely or collectively apply for the Business Improvement Centers establishment. Bilkent TTO • Bilkent University Technology Transfer Office (Bilkent TTO) was established on October 1st 2013 within the university. • Within the call of TÜBİTAK 1513 - Technology Transfer Office Support Program in 2013, applications from 36 universities were submitted. 10 universities including Bilkent University was awarded with the grant started at January 1st 2014. • Bilkent TTO is a unit under Provost Office. Provost of the University is the Vice Rector who is in charge of Academic Affairs. Bilkent TTO Supports Researchers Through The Life Cycle of An Idea • IDEA • Development of the Project • Getting funds for the Project • University-Industry Collaboration • Realisation of the Project • Management of Intellectual Property Rights (IPR) • Licencing • Enterpreneurships & Establishment of Startups & Company • PRODUCT or SERVICE at the MARKET VIZERA •Start-up by Ali Çevik (2011) and Mert Küçük (2011) Graduates of Bilkent Computer Engineering Course: How to Start a Startup (Stanford Lecture Series) Sam Altman, President, Y Combinator 1881 - IT ALL STARTED WITH AN IDEA !
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