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Istanbul Development Agency 

<p>The Ministry of Industry and Technology has published the "Regulation on Participation in Venture Capital Funds and Venture Capital Practices" in the Official Gazette on November 28, 2025 (Issue 33091), establishing a structured framework to channel public resources into venture capital funds supporting technology, innovation, and tech-driven production activities.​</p>
<h2>Key Provisions and Process</h2>
<p>The regulation outlines call-for-proposal mechanisms aligned with national development plans, evaluating funds based on managers' track records, sector expertise, past returns, management fees, and co-investor commitments. Selected funds sign investor agreements detailing investment committees&mdash;where the Ministry may hold significant representation if committing over 50%&mdash;focusing on direct or indirect investments in priority areas like deep tech and R&amp;D, under strict monitoring and audit rules.​</p>
<h2>Strategic Impact</h2>
<p>Excluding development agency funds, this initiative promotes transparency, accountability, and efficient public fund use, enabling Ministry budget transfers while allowing co-investments via protocols. It aims to institutionalize T&uuml;rkiye's VC ecosystem, expand fund sizes, attract diverse investors, and prioritize strategic sectors to fuel startup growth and global competitiveness.​</p>
<h2>Implementation Outlook</h2>
<p>Funds must report comprehensively, with the Ministry empowered to intervene in misuse cases, including liquidation or legal action, signaling ongoing regulatory momentum for the sector as noted in recent Venture Capital Council discussions. For full details, refer to the Official Gazette or Ministry announcements.</p>