Business incubators are similar to angel investors in terms of their purposes; they support new companies and startup, with capital, education and location.
However, unlike the angel investors, business incubators might be private sector organizations, as well as State supported or university institutions.
In additional to financial support, business incubators also provide office space, mentorship mentoring services, and networking opportunities to companies, serving as a bridge between the entrepreneur and the investor.
Please find below some important business incubators in Turkey:
State and university supported institutions:
> KOSGEB International Incubation Center and Support Program
> Ankara University Teknokent
> Istanbul Technical University Early Stage Business Incubator İTÜ Çekirdek
> Özyeğin University Girişim Fabrikası
For further information, check out the list (in Turkish).
In exchange for their contribution, business incubators generally take 3% to 5% of shares of the investment. Some business incubators, such as universities, may apply strict criteria during the application process. However, as a result, they do not demand any shares from the investment.