Turkish technology development zone to improve, support local startups
The program, which attracted high demand last year, seeks to help create new fintech “unicorns” – privately held startups valued at over $1 billion – in 2025, a press release from the Teknokent said Tuesday.
The fintech sector globally reached $218.8 billion last year, while Turkey’s fintech market stood at $194 million in 2024, with over 900 fintech firms operating in the country.
Through the 14-week acceleration program, startups receive mentorship, mini-MBA training, investor meetings, cloud infrastructure support, and access to international collaboration networks, helping them commercialize innovative solutions in financial technologies.
Tahsin Engin, general manager of Dijitalpark Teknokent, said at the opening ceremony:
"With new startups, we can say that Türkiye has become a financial technologies hub. Seven unicorns have emerged in our country, and many of them took their first steps in tech parks. FINEXT, which leads entrepreneurs developing fintech technologies, will eventually hold a significant position within this structure."
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