International Congress on Eurasian Economies
26-28 June 2024 – Bishkek, KYRGYZSTAN
Paper properties
Paper ID : 2879
Status : Paper accepted
Language : English
Topic :
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
Turkiye's dynamic economic landscape has seen a revolutionary transition as its startup ecosystem has expanded rapidly. Turkiye 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 Turkiye) Strategic Plan and the 12th development plan of Turkiye highlight the importance of entrepreneurship in Turkiye's social integration, economic growth, innovation, and competitiveness. Socially responsible, environmentally friendly, and well designed inclusive business models are blooming in all corners of Turkiye. 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 Turkiye'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, affects 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 Turkiye's vibrant startup ecosystem by looking at success stories, governmental policies, and international comparative viewpoints.
JEL codes: O30, O32, O38
