President of TÜBİTAK Prof. Dr. Hasan Mandal was a speaker at the 9th Istanbul Finance Summit (IFS 2018) Credit Guarantee Fund Panel. The main theme of the Istanbul Finance Summit, organized annually with the contributions of institutions such as Prime Ministry, CBRT, Undersecretariat of Treasury and CMB together with domestic and foreign banks and financial institutions, was determined as Trade Wars and Financing of Industry.
Prof. Dr. Hasan Mandal, who is a speaker at the “I Have a Dream, I Have No Money” Panel of the summit, talked about TÜBİTAK’s contribution and support for technology-based entrepreneurs. Starting from the economic difficulties in our country and in the world, he said that every challenge brings with it the opportunity. Thus, Professor Mandal has stated that technology-based entrepreneurship has become important. In this framework, Prof. Mandal gave information about the Individual Young Entrepreneur Program (TÜBİTAK BiGG), which is the Program Techno-initiative Capital Support Program which has been implemented by TUBITAK since 2012. With the program, Prof. Dr. Mandal stated that entrepreneurs are able to turn technology and innovation-oriented business ideas into initiatives that create added value and qualified employment.
In the light of the developments in the world, he mentioned that TUBITAK has renewed its support programs and application model. In the past, he said that TUBITAK has delegated the authority over itself to competent implementing agencies. Explaning entrepreneurs don’t come to TÜBİTAK first and they apply to the implementing organizations where TÜBİTAK accredited (TTOs, TGB’s, executive companies, banks) and the business ideas were transformed into projects by the implementing organizations with the business plan, Prof. Dr. Mandal told that “TÜBİTAK will give 200.000 TL to successful projects as grant support. We will give them 3 months to set up their firms. In the future we will assign business guide to the entrepreneur who wants.” Pointing out the only financial support to entrepreneur is not enough Prof. Mandal mentioned entrepreneurs come accross some difficulties in using the support and emphasized that the importance of mentoring concept. Announcing SME Mentor Support Program will be launched soon Prof. Mandal gave these information: “Our entrepreneurs will develop with mentor. We expect them to use 200 thousand TL support for 18 months and we expect them to come with a second project after 18 months. We support the second project with a grant of up to 500 thousand TL but up to percentage of 75.”