Having supported Research and Development and Technological Innovation projects in the private sector since 1991, the Technology Development Foundation of Turkey (TTGV) has proven to be a successful example to all of Europe as an innovative and dynamic intermediary. Intermediaries were mentioned in the EU Lisbon Communiqué as being necessary for conveying public support for R&D in the private sector.
As one of the providers of one of the many bridges felt every passing day between the legislation in line with the national goals of the public and private sector, the TTGV helps maintain the existence of a transparent, observable and effective mechanism that provides opportunities for participation in the private sector through the management of public funds.
Soft loans and compulsory company contributions, which make up the main principles behind TTGV’s support, have provided important benefits to Turkey’s R&D capacity thus far through the “multiplier effect” by promoting an increased contribution of public funds to R&D expenses in the private sector.
TTGV is evaluating the expectations, needs and priorities of the private sector and the public, by developing new support mechanisms suited towards the changing conditions and circumstances of Turkey. TTGV employs those mechanisms.
Today, TTGV is a sought out partner, both inside and outside of Turkey, in the field of technological innovation.
What is TTGV?
The Technology Development Foundation of Turkey is a foundation that combines 24 private sectors, 5 public institutions, 11 umbrella organizations and 15 individuals into one institution.
Since it was established through the signing of an international loan agreement by the Republic of Turkey and the World Bank, the TTGV is a foundation established by law whose status is one of only four foundations.
TTGV is subject to all foundation related legislation in the Republic of Turkey.
The private sector and the public come together for TTGV with the mutual purpose of increasing the competitiveness of the Turkish private sector in international markets by supporting R&D activities. It, is the first and the only "Public-Private Sector Partnership" that has been established so as to support R&D and innovation in Turkey
TTGV is a non-profit organization. Any and all gains that TTGV receives from its activities are used to meet TTGV’s expenses and for the development of current support programs.
