Türk Telekom continues its efforts to carry the domestic venture ecosystem to the global level with the Corporate Venture Capital Company TT Ventures, with the TT Ventures Office opened in San Francisco, USA.
Visiting TT Ventures Office in Silicon Valley Industry and Technology Minister Mustafa Varank, About the activities of TT Ventures for the entrepreneurial ecosystem both in Turkey and the USA Muhammed Özhan, General Manager of TT Venturesreceived information from.
We will make domestic initiatives known globally
Muhammed Özhan, General Manager of TT Ventures, noted that with the TT Ventures Office in San Francisco, they aim to make the enterprises they support internationally known and to launch strong initiatives, and they carry out studies to closely observe the ecosystem in question and to follow the opportunities.
Özhan said, “With our office in Silicon Valley, where many innovative brands that have made a name for themselves in the world are born and developed, we aim to follow current developments in the global arena and to blend our strength in our domestic entrepreneurship ecosystem with the opportunities here.
One of the ways to accomplish important works globally is to support the entrepreneurial ecosystem and introduce it to the world. In this sense, with our office in San Francisco, we will both bring the startups born in Turkey to the world and add strength to our own entrepreneurial ecosystem with the experience here.”
TT Ventures will support the initiatives to be selected with BootUP company within the scope of PILOT abroad program.
To the initiatives to be selected within the scope of the PILOT program; Within the America program, business development, access to investor network, mentoring and coaching will be supported with a customized program in the fields they operate.
$20 million investment in PILOT graduate startups
Stating that the office in Silicon Valley, which is considered the main center of innovative ideas for entrepreneurship and new technologies, will also strengthen the domestic ecosystem, Özhan said that the startups operating in many regions of the world, which have completed PILOT, the venture acceleration program operating under the roof of TT Ventures, received close to 20 million dollars from local and global investors. reminded of their investment.
Expressing that they have also implemented the TT Ventures Venture Capital Investment Fund, Özhan explained that with TT Ventures, 13 companies operating in the fields of health, energy, education, artificial intelligence and telecommunications have been invested so far.