Dealroom – State of Turkiye Tech, 2024

The report by Dealroom on the state of the tech industry in Türkiye in 2024 highlights the rapid development and agility of the country's entrepreneurship ecosystem. Despite being a late industrialized nation, Türkiye has made significant progress in establishing its innovation and entrepreneurship sector over the past 20 years. The ecosystem is characterized by a fast learner mentality, a young and dynamic population, and a strong emphasis on value creation and problem solving. Türkiye's entrepreneurship ecosystem has gone through three key phases of development: infrastructure and legal framework establishment, private sector and corporate engagement, and monetization and internationalization. The country boasts advantages such as tax havens, technoparks, and a growing focus on customer-driven business practices. The talent pool in Türkiye is globally recognized, with notable achievements in unicorns, successful exits in the gaming industry, and promising verticals like e-commerce, fintech, and artificial intelligence. The country is positioning itself as a leader in the MENA region, showcasing its potential for growth and innovation in various sectors including education, healthtech, and energy.