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.
Scope and Rate of Support
50% of the contributions of TTOs, TDZs, and RIs for the early stage technology-based enterprises participating in the funds as investors will be supported by TÜBİTAK as grants. In addition, organizations will be provided with general expense support up to 10% of their contribution.
In addition, if requested, a pre-payment will be made to TTOs, TDZs and RIs up to 20% of the total amount committed by them in order to meet their cash requirement. As guarantee, a letter of guarantee issued by banks and financial institutions should be brought up to 25% more than the prepayment requested.
Required Conditions in Early Stage Technology Based Initiatives
Early stage technology-based venture companies on the SME scale to be invested under the program must have the following two features.
a) SME scale companies which have received support from the public institutions and organizations for R&D and innovation projects in the last 5 calendar years as of the date the fund first invested and that have successfully completed or continued this project,
b) As of the date when the fund first invested in the venture, companies of SME scale whose maximum 7 calendar years have passed through the establishment date.
50% of the contributions of TTO/TDZ/RIs for VC funds for investments made in these Turkey resident companies will be supported by TÜBİTAK in the form of grants.