For applications, a call must be opened by TÜBİTAK. Application start and due dates are specified in the call document.
Can an organization receive support from TÜBİTAK by participating in more than one fund?
Yes, an organization can receive support from TÜBİTAK by participating in more than one fund. However, TTO, TDZ and RI’s commitment to participate in a single fund cannot be less than 4 Million TL.
Is the venture capital contribution paid by TTO, TDZ and RI supported by TÜBİTAK in case that the initiative invested by the fund does not meet the conditions specified in the Code of Practice at the time of investment?
No, it cannot be supported. In order to support the contributions to be paid by TTO, TDZ and RIs by TÜBİTAK, initiatives to be invested by the funds shall have all of the features of the early stage technology-based venture company specified in the Code of Practice as of the date of investment. Contribution of TTO, TDZ and RIs for investments to be made for companies that do not have stated features are not supported by TÜBİTAK. However, in case that the venture company meets the conditions stated in the Code of Practice after the date of the investment, the new capital contribution shares made following the date of meeting this condition can be supported by TÜBİTAK.
What is the limit of grant support that can be assigned by TÜBİTAK to a single organization?
The maximum amount of the grant support that can be allocated to a single institution by TÜBİTAK will be 20 Million TL, provided that the commitment of the institution to participate in the Fund is not less than 4 Million TL. Even if a TTO, TDZ and RI’s share in total fund exceeds 40 Million TL, the grant request cannot exceed 20 Million TL.
Can TÜBİTAK make an pre-payment to the organizations in order to finance the expenditures to be made within the scope of the project?
Yes, within the scope of the project, TÜBİTAK can make pre-payments to the organizations against guarantee. Pre-payments to be made within the scope of each project cannot exceed 20% of the total amount committed by TTO, TDZ and RI to the fund.
What are the guarantees requested from the organization in pre-payment transactions?
In pre-payment transactions, 25% more than the requested pre-payment is taken as guarantee. All expenses related to the guarantee belong to the organization requesting pre-payment. Only letters of guarantee provided by banks and financial institutions can be provided as guarantee.
Can more than one organization apply for a joint project by participating in the same fund?
Yes, in case that more than one TTO, TDZ and RI participate in a fund, organizations can apply for joint projects. The joint project application is submitted in the form of a single project application. Activities and budgets of TTO, TDZ and RI within the project should be prepared separately for each organization. All partners must meet the application requirements stated in the Code of Practice.