Regional Venture Capital Financial Support Program for Impact Investment
Within the scope of the 2022 Call for Proposals, Ankara Development Agency will provide a total of 250 million TL of support with the Regional Venture Capital Financial Support Program for Impact Investment as stated below.
Regional Venture Capital Financial Support Program for Impact Investing Application Guide and Application Form can be obtained from the links below.
Reference Number: TR51/2022/EBGS
General Purpose of the Program
The general purpose of the program is to support and implement sustainable regional venture capital applications based on public-private partnerships to provide financial support to enterprises that have the potential to grow rapidly, can create positive and measurable social and environmental impact and added value in the TR51 Region (Ankara).
In this context, by investing in venture capital funds, it is aimed to increase the access of enterprises and SMEs which produce high added value, are technology-oriented, and can create positive social and environmental impact to finance thus strengthen the impact-oriented entrepreneurship and innovation ecosystem.
Program Priorities
Within the scope of this program, venture capital funds that can invest in venture companies and SMEs that have innovative, creative and technology-based business models and that can create a sustainable, positive and measurable impact on society or the environment will be supported. It is considered a priority for the funds to be supported to invest in enterprises that have the potential to grow rapidly, export and create high employment.
While determining the areas where the funds will focus and investment strategies, it is expected that the local potential of the enterprises, the scalability of the income model and the positive social and environmental impact they will produce for regional development and the measurement and management of this impact, addressing foreign markets and global growth potential are expected to be analyzed. Priority will be given to applications to invest in venture companies and SMEs that have high global potential as well as local potential, which can create positive and measurable social and environmental impacts.
Eligible Applicants
Applications to the program will be made by real or legal person fund managers who undertake the establishment, management and consultancy of venture capital funds on behalf of funds established or to be established in or outside the TR51 Region and having the following characteristics:
- Venture capital investment funds subject to the Capital Markets Board of Türkiye’s legislation and funds to be established within the framework of the relevant country legislation,
- Venture capital investment trusts subject to the Capital Markets Board of Türkiye’s legislation
Minimum and Maximum Support Amounts
The commitment amount for each fund to be supported will be between a minimum of 5 million TL and a maximum of 30 million TL. This amount will be used in investments for a maximum period of 5 years.
Minimum/Maximum Support Rate
Ankara Development Agency will contribute to the existing funds and the funds to be established, at the rate of maximum 25% of the total commitment size.
At least the amount of the commitment of the Ankara Development Agency should be invested in impact-oriented initiatives operating in In TR51 Region (Ankara) by the venture capital funds.
Application Deadline
The deadline for applications is April 5, 2023, at 17.00.
Program Introduction Meeting
The program introduction meeting announcement will be made on the official website of our agency (https://ankaraka.org.tr/).