Arçelik aims for global leadership by expanding its R&D and innovation collaborations on a global scale with the Garage Innovation Hub. Arçelik Garage Innovation Hub, one of the largest open innovation platforms from Turkey to the world, has interacted with more than 2,000 partners, examined more than 1800 start-ups and developed cooperation with more than 80 start-ups. .
Garage Innovation Hub organized an Open Innovation Day with the participation of many start-ups, business leaders and investors from around the world and Turkey in order to contribute to the dissemination of the open innovation culture.
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Arçelik provides support to entrepreneurs
Arçelik Deputy General Manager for Strategy and Digitalization Utku Barış Pazar said, “As one of Turkey’s largest and most comprehensive open innovation platforms, we are mentoring entrepreneurs starting from the idea stage, together with our nearly 2,000 stakeholders, including mentors, investors, universities and entrepreneurs from all over the world; We provide business development and access to financial support.
Being one of the leading open innovation platforms on a global scale, we have set ourselves important goals such as supporting the incorporation of new ideas in many fields such as sustainability, artificial intelligence, AR/VR, marketing and production technologies, health, in each of the 146 countries where we operate in the next 5 years. As we continue to provide start-ups with access to financial support, we will further increase our contribution to the ecosystem by partnering with regional venture capital funds.
By taking our first step in this direction in February 2022, we joined 500 Startups, one of the world’s leading funds, and joined the partners of Hoxton Ventures, which is among the top 10 funds in Europe, in April.”
Taking the initiative to spread the open innovation culture in Turkey, Arçelik aims for leadership on a global scale with the Garage Innovation Hub. Arçelik Garage Innovation Hub, which has interacted with more than 2,000 partners since its establishment in 2017, has provided training and mentoring support to 274 entrepreneurs to date, and 8 million TL grant support has been provided to 40 entrepreneurs. With the incubation activities it carried out, it supported more than 80 start-ups to develop business ideas.
Garage Innovation Hub aims to transform innovative ideas into products and projects by mutually sharing entrepreneurship, innovation programs and events it carries out inside and outside the company. It plays a facilitating role in order to benefit from knowledge, experience and connections among ecosystem players such as startups, mentors, investors and relevant non-governmental organizations, private and public institution representatives. Garage Innovation Hub, which designs innovation and entrepreneurship programs, also works to develop new technologies and business models that fall outside of Arçelik’s core competencies.
Garage Innovation Hub, one of the most comprehensive open innovation platforms from Turkey to the world, aims to contribute to the development of the ecosystem in line with its goal of global leadership in the field of open innovation. Garage Innovation Hub brought together innovation thinkers, companies, start-ups and investors from all over the world at its first Open Innovation Day this year.
Stating that Open Innovation Day is a platform where stimulating discussions are held with the participation of important actors from the ecosystem, Arçelik Deputy General Manager for Strategy and Digitalization Utku Barış Pazar said, “In a short period of 5 years, universities, NGOs, institutions and organizations that support innovation from all over the world have met. Together, we have managed to become one of Turkey’s largest open innovation platforms.
We started working with global partners. Innovation is not a process that belongs to an institution or a function alone. Open innovation platforms such as the Garage Innovation Hub can enable ideas to come to life, paving the way for innovations that benefit humanity. We aim to bring more and more ideas to the widest possibilities.”
Garage Innovation Hub Partners with Venture Capital Funds
Explaining Arçelik’s open innovation approach Utku Peace Sunday, He said: We started to develop entrepreneurial friendly applications to improve our start-up collaborations.. “Dare, Engage, Create Value” Our goal is to support start-ups in each of the 146 countries in which we operate. Being one of the leading open innovation platforms on a global scale, we continue to support entrepreneurs in reaching grants through programs such as BIGG3.
Garage Innovation Hub took another step to provide capital support to entrepreneurs and became a partner to venture capital funds. By taking our first step in this direction, we joined 500 Startups, one of the world’s leading funds, and among the partners of Hoxton Ventures, which is among the top 10 funds in Europe. While these partnerships will bring us together with the right start-ups around the world, they will also enable us to have a greater say in the global innovation ecosystem.
As part of the United Nations Generation Equality Forum commitments, Arçelik plans to reach 7000 entrepreneurs, 5000 of whom are women, by 2026, and mediate them to reach financial support of approximately 5 million dollars with the Garage Innovation Hub.
To learn more about Arçelik Garage Innovation Hub here Click here.