Page 228 - SHARJAH AIRPORT PR REPORT - OCTOBER 2023

This photograph shows a view of the Kocatepe mosque and Atakule, in Ankara.

Also, the favourable regulations within Türkiye’s R&D ecosystem have
enabled Türkiye to thrive in the technology-based entrepreneurship
ecosystem and foster innovation-driven growth. This is evidenced by a
notable leap in the Global Innovation Index ranking, from 49th in 2019 to 37th
in 2022. Additionally, Türkiye holds the 4th position among 36 upper-middle-
income economies, offering a more equitable assessment when considering
Türkiye’s performance relative to its peer economies.

Türkiye has made outstanding progress in the startup ecosystem, contributing
significantly to attracting more international investors to the sector. More
specifically, the number and value of deal activities supporting early- stage
startups have increased tremendously. Fintech, Software as a Service,
Artificial Intelligence, Game, e-commerce, and Grocery Delivery are the top
funded verticals in the ecosystem so far. The ecosystem in Türkiye has given
birth to two decacorns which are “getir” and “trendyol”, and four unicorns
which are “peak”, “dream”, “Insider” and “hepsiburada”. It is highly expected
that more success stories will emerge soon in the startup ecosystem of
Türkiye. Also, Istanbul is ranked among the top 15 in the world among the 100
best emerging ecosystems for startups.

https://www.khaleejtimes.com/supplements/uae-and-turkiye-elevating-relations-to-the-level-of-a-
strategic-partnership