Bloomberg News

Turkey Will Offer Incentives to Start Up Abroad, Sabah Reports

June 26, 2012

Turkey will offer incentives for technology companies, educational institutions, filmmakers and games producers to venture abroad, in an effort to reduce the country’s current account deficit, Sabah reported, citing Economy Minister Zafer Caglayan.

Companies opening offices in technology centers will get as much as $600,000 to help with the costs of rent, salaries and cooperation with other agencies, the newspaper said.

Games makers can have half of the cost of entering foreign markets covered as the government seeks to increase the industry’s revenue to $1 billion, Sabah said.

Educational institutions will receive as much as $200,000 to cover 60 percent of the cost of renting offices, and filmmakers can have half the costs of advertising covered up to $100,000 per film, Sabah said, citing Caglayan.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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