Technology Development Zones in Türkiye (TDZ) are a designated area within a country that aims to promote technological innovation, research, and development. These zones are typically established by governments to create a conducive environment for technology-based companies and industries to thrive.
TDZs often offer various incentives and benefits to attract businesses, such as tax breaks, reduced regulations, access to funding, infrastructure support and proximity to research institutions or universities. The goal is to foster collaboration, innovation and economic growth in the technology sector.
Establishing a company in a Technopark, which is a type of Technology Development Zone (TDZ), typically involves several steps:
You should research Technoparks in your desired location to find the most suitable one for your business. Also, you need to understand the benefits, incentives, and requirements for companies operating within the Technopark.
Develop a detailed business plan outlining your company's goals, products or services, target market, and financial projections.
Decide on the legal structure of your company (e.g., sole proprietorship, partnership, corporation) based on your business goals and legal requirements.
Register your company with the relevant authorities in the country where the Technopark is located. This may involve obtaining a business license or permit.
Apply for admission to the Technopark by submitting an application form and any required documentation. This may include your business plan, financial statements and other relevant information.
Wait for approval from the Technopark management board. This process may involve a review of your business plan and an assessment of your company's suitability for the Technopark.
Once approved, negotiate and sign a lease agreement for office or laboratory space within the Technopark.
Set up your company's operations within the Technopark, including hiring employees, acquiring necessary equipment, and obtaining any required permits or licenses.
Take advantage of the networking opportunities within the Technopark to collaborate with other companies, research institutions and government agencies.
Ensure compliance with all Technopark regulations and reporting requirements, including regular financial reporting and adherence to any technology transfer agreements.
Turkish government plays a significant role in supporting Technoparks through various incentives, funding mechanisms, and policies aimed at promoting innovation and entrepreneurship. Some of the key initiatives include:
The government provides financial incentives to companies operating within Technoparks, such as tax breaks, reduced utility costs, and access to low-interest loans.
Technopark companies can benefit from government-funded R&D projects, grants, and subsidies to encourage innovation and technology development.
The government facilitates technology transfer between universities, research institutions, and companies within Technoparks to promote collaboration and knowledge sharing.
The government has implemented regulatory reforms to create a favorable environment for Technoparks, including streamlined business registration processes and reduced bureaucratic hurdles.
The government provides training programs and educational initiatives to support the development of a skilled workforce for Technopark companies.
Overall, these government initiatives play a crucial role in fostering a culture of innovation and entrepreneurship within Technoparks in Turkey, contributing to the growth of the technology sector and the economy as a whole.
Currently, there are over 70 operational Technopark zones across Turkey, with this number steadily increasing. These zones provide a collaborative environment for businesses, offering substantial tax benefits and aiming to foster the development of high-value competitive technologies. As a result, only companies with projects capable of producing such technologies are accepted into Technoparks.
For aspiring entrepreneurs seeking to operate within Technoparks, it is essential to submit innovative projects to the Technopark management that align with their objectives. It should be noted that project evaluation by Technoparks is an ongoing process throughout a company's tenure within the Technopark.
References
Technology Development Zones in Türkiye. (n.d.). MGC Legal. Retrieved March 20, 2024, from https://www.mgc.com.tr/en/technology-development-zones-in-turkey/
