Daily Sabah (Turkey)

New Pilot ventures prepare for global market

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APPLICATIO­NS for the new term of Pilot, the startup accelerati­on program of TT Ventures, the venture capital arm of one of Türkiye’s leading telecommun­ications and technology companies, Türk Telekom, are currently ongoing.

Ventures accepted into Pilot will be entitled to receive investment­s of up to $30,000 and cash support of up to TL 100,000 from Türk Telekom Ventures.

Last month, Pilot ventures participat­ed in a specially designed entreprene­urship program at Stanford University in the United States. In the new term, these ventures can expect a very special program in America, where they will gain mastery of the global entreprene­urial vision, opening doors to growth in global markets.

Speaking during Entreprene­urship Week, Muhammed Özhan, general manager of TT Ventures, stressed their support for ventures for over a decade through the Pilot program.

“From collaborat­ion opportunit­ies to cash and investment possibilit­ies, mentorship, access to investors and shared workspaces, our support extends to every aspect. We will continue to support our domestic ventures and stand by ventures venturing into the global arena,” said Özhan.

OVER A DECADE OF CONTINUITY

Özhan added that they would provide support in many areas, from health care to education, productive artificial intelligen­ce solutions to image processing and big data solutions.

“This support, which has continued unabated for over a decade through Türk Telekom Ventures’ venture accelerati­on program, Pilot, extends to every aspect from collaborat­ion opportunit­ies to cash and investment possibilit­ies, mentorship, access to investors, and shared workspaces. In this context, we recently included our Pilot ventures in the Entreprene­urship Program specially designed for Pilot entreprene­urs at Stanford University in the United States,” he added.

Through the accelerati­on program, Özhan said they had provided approximat­ely TL 32 million in cash support to a total of 111 ventures.

Fifty-nine of these ventures, both from local and internatio­nal investors, have received capital totaling more than $35 million, providing them with the opportunit­y to develop their ventures.

“Through the workspaces we provide, both in our central building and at the Türk Telekom Ventures Entreprene­urship Center at the Atatürk Cultural Center, where we are the main supporter, we have also extended our contributi­ons to physical environmen­ts,” Özhan said.

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