ITU Seed has been a part of ITU ARTI Teknokent for 5 years, and supports tech-based incentives as an ecosystem prescribing pre-incubation, acceleration, Big Bang and incubation phases to entrepreneurs at the idea or development stage. Entrepreneurs at ITU Seed receive trainings, laboratory opportunities, R&D funds, consultancy, mentorship and financing services for free. Thanks to ITU Seed, ITU ARI Teknokent and İTÜNOVA TTO fill the gap of early-stage entrepreneurship in Turkey.
Young entrepreneurs are provided with research opportunities to turn their ideas into projects/products/services. Entrepreneur teams accepted to ITU Seed develop their projects at the 800m2 Pre-Incubation Area ARI 3 building at ITU Ayazağa campus in Maslak. Entrepreneurs write their business plans, do research and receive trainings/consultancy.
An acceleration model that works accurately and efficiently is the most essential factor such an increase. ITU Seed Acceleration is continuously optimized in comparison to other examples in the world. Trainings that are based on Berkeley and Stanford methods and Lean Initiative and Design Thinking last for 8 weeks. Entrepreneurs at ITU Seed quickly move from idea to project stage thanks to mentorship, consultancy and R&D funds.
This is an initiative where entrepreneurs can compete to secure the funding that they need to implement their projects. Big Bang is organized to finance ITU Seed entrepreneurs who prepared their business plans and developed their projects during Pre-Incubation and Acceleration stages, at the stage of incorporation.
Big Bang provides opportunities like competitive environment, synergy, product development process, business plan preparation, meeting with funders and networking simulate a real commercial life experience, while the Big Bang reward serves as a seed capital for commercialization of the winning project.
Broadcast live, all projects are introduced at ITU Seed Big Bang. Every year, a gorgeous ceremony is held at ITU Süleyman Demirel Cultural Center, attended by hundreds of guests. As part of ITU Seed Big Bang Competition in 2015, ₺1,000,000 cash and ₺3,000,000 cash in kind were granted to ITU Seed entrepreneurs in 2015.
During the incubation period, entrepreneur teams that succeeded at the end of ITU Seed process and started their companies can benefit from ITU Seed Incubation facilities for 1 year.