Inovent
Inovent is Turkey’s first technology commercialization/accelerator and seed fund company established in 2006 as a for profit, fully owned subsidiary of Sabanci University. Inovent’s focus is on the commercialization of early stage technologies with a particular focus on fostering faculty based entrepreneurship.
Since its launch, Inovent has incorporated 19 startups, 3 of which as Inovent seed fund companies. To date Inovent had 4 successful exits.
Inovent’s mission includes fostering awareness of the importance of creating a country wide dynamic ecosystem that will support innovative technology based entrepreneurship, a dynamic venture capital and angel investor infrastructures while promoting the proper management of intellectual assets and intellectual property portfolio at the core of an entire value management system and a driver of knowledge based economic development.
Inovent management frequently advises Turkish government authorities on IP/ Patent law, technology transfer infrastructures as well as the creation of risk investment incentives. In this context, Inovent is the founding member of Turkey’s leading business angel network, the Galata Business Angels as well as Licensing Executives Society (LES) Turkey.
Inovent has a considerable experience in mining university technology portfolios for technologies and business plans showing commercial potential. Inovent is Turkey’s sole startup accelerator focused on faculty entrepreneurship with a specific pre-seed fund for the benefit of university entrepreneurs. Out of the 11 active start ups currently in our portfolio, 9 are startups founded by faculty members and of our 4 successful exits one is a startup founded by a faculty member.
We assist our startups in building high value, high potential companies. These startups are incubated in our incubation center located in Gebze Technopark. The startups in our incubator center, in addition to our accelerator services, are covered by the law on Technology Development Zones (TDZ Law No. 4691) and benefit from several tax incentives such as exemptions from income and corporate taxes. In addition, products and services offered by companies within the context of TDZ are free from VAT .There are also certain benefits provided to our startups by law regarding social security obligations.