Technology Entrepreneurship and Access
to Financial Resources in Turkey
Faik Tanrıkulu and Mertcan Ermiş
Abstract Technology entrepreneurship plays a dominant role in the economy and
development of the country, especially in this period of increasing competition and
globalization. Related developments contribute significantly to the country’s welfare
and development level traditional commercial and craft habits have been
transformed through technological advances. Developing countries attach impor-
tance to strong technology-based sectors to sustain growth and create employment
for young people. For this reason, country ministers determine technology entrepre-
neurship as the primary target and strategy. Turkey, with 754 billion dollars, is the
world’s 19th largest economy by GDP. Currently, the state of technological entre-
preneurship in Turkey comprises 60% of the country’s economy (as created by the
private sector) and will be examined within our study. In addition, whether this
entrepreneurship has access to sufficient financial resources and the changes and
innovations made in this field within other countries will also be compared.
1 Introduction
Technology entrepreneurship occurs when entrepreneurs come together, formally or
informally, to establish links between companies and institutions and manage
performance in the local entrepreneurial environment. In addition, this entrepreneur-
ship model is considered as the establishment of the ecosystem by coming together
with entrepreneurs such as universities, development agencies or financial institu-
tions, companies, and angel investors in the field of technology. This ecosystem
consists of the interaction of seven characteristics, such as financial capital, equipped
talent, market potential, culture, and regulations, and in fact, these seven elements
F. Tanrıkulu (*)
The School of Humanities and Social Sciences, İstanbul Medipol University, Istanbul, Turkey
e-mail: ftanrikulu@medipol.edu.tr
M. Ermiş
Independent Researcher, Istanbul, Turkey
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
H. Dincer, S. Yüksel (eds.), Management Strategies to Survive in a Competitive
Environment, Contributions to Management Science,
https://doi.org/10.1007/978-3-030-72288-3_8
107