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From Wikipedia, the free encyclopedia
The Technology Development Foundation of Turkey (TTGV) is the manager of Turkey's first public-private funded program to support research, development, and technological innovation projects in the private sector. TTGV is administrated by a private sector majority public-private board and is fully independent and transparent in daily operations. Since 1991, the Foundation has managed over US$0.5 billion in public funds through various programs. As a part of innovation ecosystem, TTGV serves to improve the capacity of private entrepreneurship by using public and its own funds in order to:
Agency overview | |
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Formed | 1 June 1991 |
Headquarters | Ankara, Turkey |
Agency executives |
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Website | www.ttgv.org.tr/en |
By taking into account all of these factors, TTGV could be regarded as an autonomous and distinctive model of public-private partnership.
TTGV is a non-profit public private partnership under the legal structure of a foundation headquartered in Ankara, Turkey. The foundation was established in 1991, with the collaboration of 24 private sectors, 5 public institutions, 11 umbrella organizations and 15 individuals.
There are 10 members from the independent private sector and 5 from the public sector. TTGV has been part of many firsts in Turkey, as it invested in the first two PE funds, financed the first techno-park development projects, invested in the first technology start-up investment company, and invested in the first dedicated fund of funds in Turkey. TTGV has 36 full-time professionals and an expert network that involves 1,500 professionals from various fields.
Under four main categories of activities, TTGV addresses to reach out to its sponsors, partners and clients through products of strong brand recognition. These categories are the following:
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