Industry and Technology Minister Mehmet Fatih Kacır stated that they have increased their support, being aware that technology-based initiatives will act as a locomotive in Turkey’s achievement of its goals, in building the Turkish Century, and will lead the production of original and innovative products.

Kacır pointed out that they will continue to pave the way for the entrepreneurship ecosystem.

“We will continue to facilitate access to finance for organizations that carry out R&D projects”

Touching on the importance of human resources in the industry sector, Kacır used the following statements:

“We are going through a period in which the global competitive environment is reshaped. The added value produced by a brilliant idea and the employment it creates can be the driving force of the economy. We will continue to increase the human resources in the industry and support industrial organizations. At the same time, we will continue to facilitate the access to finance of institutions that carry out R&D projects. “

TÜBİTAK President Prof. Dr. Hasan Mandal expressed his satisfaction with the increase in the support and said, “As TÜBİTAK, we continue to stand by our technology-based entrepreneurs, SMEs, industrialists and companies, and we support R&D projects with innovative approaches.”

New support caps

The upper limit of support for the BIGG Program, which was initiated as “grant support” in order to enable young people to turn their technology and innovation-oriented business ideas into value-added initiatives, was increased from 450 thousand liras to 900 thousand liras.

The upper limit of the SME R&D Initial Support Program Project Budget, which SMEs use intensively at the entrance to TÜBİTAK R&D support processes, has been increased from 1 million 200 thousand liras to 2 million 400 thousand liras.

Within the scope of the University-Industry Cooperation Support Program, which is important in transferring the knowledge in universities to the industry and bringing them into commercial life, the upper limit was 1.5 million lira instead of 1 million lira.

The new upper limits will also apply to projects whose application or evaluation process is still in progress.

The transfer by promissory note (prepayment) limit, which significantly facilitates the access to finance of institutions that carry out R&D projects by benefiting from TÜBİTAK supports, has also been increased more than 3 times.

According to this; Within the scope of the 1501, 1507, 1509 and 1511 support programs and the Innovation Support Program Implementation Principles, the upper limit of the transfer payment (prepayment) by promissory note was increased from 300 thousand TL to 1 million TL. This support will be applied to the projects whose project support period is ongoing and whose period report has been submitted or will be submitted after 1 July 2023.

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