The Turkish Wealth Fund and the $110 billion State Investment Holding Company in Abu Dhabi announced on Wednesday they launched a fund for back Turkey technology ecosystem, including emerging developing companies technologies or improve existing in key sectors.
The 300 million dollars tech The fund will invest between the Turkish Wealth Fund (TWF) and Abu Dhabi Development Holding Company PJSC (ADQ). in venture Equity funds and companies with Average growth Ability in Turkey’s statement said.
It represents first step By TWF as part of Its vision to create a billion dollars on a larger scale technology platform to become the reference technology Accelerate Technology Financing growth in Turkey and driving growth in strategic technology sectors critical For Turkey development, TWF said.
the fund is designed To speed up growth of Turkish technology ecosystem by deepening access to venture Capital through earmarked funds and investment in Devastating technologies to drive growth in TWF’s traditional Portfolio and development of strategic technology investments in sectors critical for Turkey developmentRead the statement.
Turkey Technology Fund – ADQ TWF launched in Ceremony attended by Arda Ermut, CEO and board member of TWF, Mohamed Hassan Al-Suwaidi, Board Member director CEO of ADQ, the Turkish Investment Office head Ahmet Burak Dağlıoğlu.
A statement issued by ADQ said that the fund was established to make investments in Turkish rising growth startups with creative business models.
The fund will invest in Startup Development technologies or improve the menu technologies in Sectors such as energy, utilities, healthcare, life sciences, food and agriculture, mobility and logistics, financial Services and education, she noted.
TWF said that goal of The fund will be to raise capital available to turkish existing venture The world of the capital fund, while venture The capital will increase the financing for Turkish startup ecosystem.
He. She also It aims to provide an opportunity to form partnerships with Other institutional investors while supporting seed, later stage, growth Stock and larger size venture capital investments.
Turkey has grown significantly in it’s a technology environmental system over The last Ermott said a few years ago.
We believe Turkey Technology Fund – ADQ TWF will do just that give ADQ and TWF access for pipeline of Specialized compelling investment opportunities in next-generation technologies That will contribute to the strategy growth of Turkey economy Ultimately strengthening bilateral cooperation between our two countries.” added.
Compared to similar boxes in Turkey, Ermut said the Turkey Tech Fund will “create a unique added the value for our country with its size and international After direct and multiplier investment effect will advance for else technology investments. “
For his part, Al-Suwaidi stressed that Turkey is an “attractive country.” market with Big chances for investment in Vital sectors that are aligned with our areas of expertise.”
Fund launch builds on Broader investment commitment in The future growth of Turkey “we made in Late 2021 as the UAE and Turkey continue bilateral progress trade and investment.”
Turkey is attractive market with Big chances for investment in Vital sectors that are aligned with our areas of expertise. by providing access to me national and regional champions in Our wallet, we’ll do help To unlock more value for These companies and funds with Average-growth Ability.”
The Turkish Wealth Fund and the $110 billion State Investment Holding Company in Abu Dhabi announced on Wednesday they launched a fund for back Turkey technology ecosystem, including emerging developing companies technologies or improve existing in key sectors.
The 300 million dollars tech The fund will invest between the Turkish Wealth Fund (TWF) and Abu Dhabi Development Holding Company PJSC (ADQ). in venture Equity funds and companies with Average growth Ability in Turkey’s statement said.
It represents first step By TWF as part of Its vision to create a billion dollars on a larger scale technology platform to become the reference technology Accelerate Technology Financing growth in Turkey and driving growth in strategic technology sectors critical For Turkey development, TWF said.
the fund is designed To speed up growth of Turkish technology ecosystem by deepening access to venture Capital through earmarked funds and investment in Devastating technologies to drive growth in TWF’s traditional Portfolio and development of strategic technology investments in sectors critical for Turkey developmentRead the statement.
Turkey Technology Fund – ADQ TWF launched in Ceremony attended by Arda Ermut, CEO and board member of TWF, Mohamed Hassan Al-Suwaidi, Board Member director CEO of ADQ, the Turkish Investment Office head Ahmet Burak Dağlıoğlu.
A statement issued by ADQ said that the fund was established to make investments in Turkish rising growth startups with creative business models.
The fund will invest in Startup Development technologies or improve the menu technologies in Sectors such as energy, utilities, healthcare, life sciences, food and agriculture, mobility and logistics, financial Services and education, she noted.
TWF said that goal of The fund will be to raise capital available to turkish existing venture The world of the capital fund, while venture The capital will increase the financing for Turkish startup ecosystem.
He. She also It aims to provide an opportunity to form partnerships with Other institutional investors while supporting seed, later stage, growth Stock and larger size venture capital investments.
Turkey has grown significantly in it’s a technology environmental system over The last Ermott said a few years ago.
We believe Turkey Technology Fund – ADQ TWF will do just that give ADQ and TWF access for pipeline of Specialized compelling investment opportunities in next-generation technologies That will contribute to the strategy growth of Turkey economy Ultimately strengthening bilateral cooperation between our two countries.” added.
Compared to similar boxes in Turkey, Ermut said the Turkey Tech Fund will “create a unique added the value for our country with its size and international After direct and multiplier investment effect will advance for else technology investments. “
For his part, Al-Suwaidi stressed that Turkey is an “attractive country.” market with Big chances for investment in Vital sectors that are aligned with our areas of expertise.”
Fund launch builds on Broader investment commitment in The future growth of Turkey “we made in Late 2021 as the UAE and Turkey continue bilateral progress trade and investment.”
Turkey is attractive market with Big chances for investment in Vital sectors that are aligned with our areas of expertise. by providing access to me national and regional champions in Our wallet, we’ll do help To unlock more value for These companies and funds with Average-growth Ability.”