What’s Driving Turkish Innovation? A Demand-Supply Analysis of Türkiye’s Startup Ecosystem

Turkey’s economy has been growing rapidly, and its startup ecosystem has also seen significant development. The country has become an appealing destination for entrepreneurs from both within and outside the country, thanks to its favourable business conditions, young and talented workforce, and strategic location. In this policy outlook, the drivers behind the Turkish startup ecosystem’s growth will be examined, including government assistance, funding accessibility, the emergence of accelerators and incubators, and a thriving entrepreneurial culture. Using a supply-demand analysis, the aim is to provide insights into the opportunities and challenges faced by Turkish startups and offer suggestions on how the country can continue to enhance and encourage innovation and entrepreneurship in the future.