International Congress on Eurasian Economies
26-28 June 2024 – Bishkek, KYRGYZSTAN
Paper properties
Paper ID : 2879
Status : Paper published
Language : English
Topic : Microeconomics and Entrepreneurship
Presenter: Dr. Burcu Sakız
Session : 6A Microeconomics
Entrepreneurship and Innovation: The Transformative Role of Turkiye’s Startup Ecosystem
Entrepreneurship and Innovation: The Transformative Role of Turkiye’s Startup Ecosystem
- Prof. Dr. Ayşen Hiç Gencer (Istanbul Beykent University, Türkiye)
- Dr. Burcu Sakız (Istanbul Aydın University, Türkiye)
Abstract
Türkiye's dynamic economic landscape has seen a revolutionary transition as its startup ecosystem has expanded rapidly. Türkiye has embraced entrepreneurship as a crucial growth strategy, in line with global trends. In light of this, the emergence of startups has become a significant factor that fosters innovation, generates job opportunities, and strengthens the economy. Both the Small and Medium Enterprises Development Organization of Türkiye) Strategic Plan and the 12th development plan of Türkiye highlight the importance of entrepreneurship in Türkiye's social integration, economic growth, innovation, and competitiveness. Socially responsible, environmentally friendly, and well-designed inclusive business models are blooming in all corners of Türkiye. The country's advantageous geographic position, rich cultural heritage, and historical significance have all contributed to the development of a strong entrepreneurial culture over time. But given the high failure rate of technological start-ups, entrepreneurship is not an easy path. This article provides a thorough examination of the current situation of Türkiye's startup ecosystem while addressing the challenges, economic impact, and ways in which startups contribute to technical progress. Also, technology parks and technology transfer offices’, which are important channels of building research platforms with enterprises where universities can disseminate knowledge, effects on startup ecosystem will be explored. We seek to provide insights that not only represent the current situation but also direct future plans for promoting sustainable growth and worldwide competitiveness within Türkiye's vibrant startup ecosystem by looking at success stories, governmental policies, and international comparative viewpoints.
JEL codes: O30, O32, O38
Gencer, Ayşen Hiç, Sakız, Burcu (2024). "Entrepreneurship and Innovation: The Transformative Role of Turkiye’s Startup Ecosystem" in Proceedings of International Conference of Eurasian Economies 2024, pp.90-102, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C16.02879
