TÜBİTAK support for young entrepreneurs

THE SCIENTIFIC and Technological Research Council of Turkey’s (TÜBİTAK) Individual Youth Startup (BIGG) program, which was launched in 2012, brings young people with innovative business ideas together with their dreams. Grants of up to TL 200,000 are given to those accepted to the program. In this way, entrepreneurs can turn their ideas into a concrete business model. As a result of the panel evaluations formed by academicians, industrialists and investors, it was announced by TÜBİTAK that 144 entrepreneurs will receive technoentrepreneurship capital support within the scope of the second call in 2019. Thus, a total of 1,525 techno-entrepreneurship companies will be established by taking advantage of the BIGG program between 2012 and 2020.

TAX CONCESSION

In addition to the cash support it provides to entrepreneurs, the program also offers the opportunity to benefit from income tax, stamp tax, customs tax exemptions and SSI employer premium exemptions. Touching on its contributions in the incorporation process, IFASTURK Financial Consultancy and Audit Founder Independent Accountant Financial Advisor Mesut Şenel stated that entrepreneurs’ support from experts in establishing a company is critical because of the limited time frame for the completion of incorporation procedures. IFASTURK Financial Consultancy and Audit, which is with the entrepreneurs in their incorporation process that started with the BIGG program and guided them in all steps in the process, has helped many entrepreneurs develop their business ideas.

PROMOTING STARTUPS

Providing information about the details of the BIGG program, Şenel said the BIGG program developed within the scope of the TÜBITAK 1512 project encourages young entrepreneurs to establish companies and contributes greatly to the development of the entrepreneurship ecosystem in our country. “Thanks to our years of experience, we provide consultancy services to entrepreneurs who are entitled to benefit from this support, during the preparation of the interim financial report of the R&D project and the process of incorporation, with our expert staff,” Şenel said. “144 entrepreneurs who are eligible for support need to start their work as soon as possible to establish their companies in October and realize their business plans on Nov. 1, 2020. We, as IFASTURK, will be with them to complete all necessary transactions with entrepreneurs.”