31.10.2024 12:41
The exports of SMEs in Turkey are expected to reach 88 billion dollars in 2023 and 95 billion dollars in 2024. It is stated that supportive policies for SMEs will continue, emphasizing access to finance, increased efficiency, and the promotion of innovative business models.
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It is projected that the exports carried out by small and medium-sized enterprises (SMEs) in Turkey will reach a record of 88 billion dollars by the end of this year and 95 billion dollars by the end of next year.
According to the 2025 Presidential Annual Program, policies supporting SMEs and entrepreneurs will continue next year.
In this context, it is aimed to increase SMEs' and entrepreneurs' access to finance, enhance their institutional development and productivity, ensure they have a stronger presence in supply chains, and elevate their levels of export, innovation, and competitiveness to contribute more effectively and efficiently to growth and employment.
To strengthen the human capital for SMEs, studies will be conducted on a special visa application for individuals with critical expertise in technology and entrepreneurs with innovative business models and high technology-based initiatives.
By supporting and expanding the infrastructures of technology development zones and incubation centers, R&D, design, and innovation capacities will be strengthened.
INCREASING TARGET INVESTMENTS EVEN FURTHER
Access to finance for SMEs and startups will be facilitated, and alternative and innovative financing methods will be promoted. For this purpose, studies are planned with the Credit Guarantee Fund to solve the collateral problem that SMEs face in accessing credit. Additionally, support will be provided for technology-focused initiatives' access to finance through direct investment and the Technology Innovation Fund.
ANNUAL STARTUP INVESTMENT TARGET OF 1.5 BILLION DOLLARS
It is expected that the exports of SMEs will approach 100 billion dollars next year. Accordingly, it is projected that the export value, estimated to reach 88 billion dollars this year, will increase by approximately 10% to 95 billion dollars next year, setting a new record. Among the targets is to raise the share of high technology in the exports of SMEs operating in the manufacturing industry to 1.7%. The estimated realization of this value this year is calculated to be 1.4%.
THE NUMBER OF "TURCORNS" WILL INCREASE
Within the scope of the program, it is aimed to increase the number of companies valued at over 1 billion dollars, referred to as Turcorns, from 8 to 10, and to raise the annual startup investment size from 1 billion dollars to 1.5 billion dollars. The number of rapidly growing SMEs, defined as those with more than 10 employees and an annual average growth of over 10%, is also expected to rise from 45,000 to 50,000.
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