Aiming to promote the concept of “business angels” in Turkey, a leading university in Ankara has established Turkey’s first business angel network association to support early-stage technology entrepreneurs.
“Our aim is to develop the business angel sector in Turkey and boost technology-based economic development. Turkey should be a technology producer, not a consumer, an important precondition for the welfare of the country in the medium and long run,” Middle Eastern Technical University, or METU, President Ahmet Acar told the Hürriyet Daily News & Economic Review.
Once used in the art world to describe wealthy individuals who provided money for theatrical productions, the term business angel, also known as an investor angel, now refers to qualified, experienced and affluent businesspeople who provide capital, expertise, managerial assistance and a network for early-stage entrepreneurs to solve their initial financing problems and help establish their firms in the marketplace.
To read the full, original article click on this link: Turkish university embraces technology with ‘business angels’ - Hurriyet Daily News and Economic Review
Author: İZGİ GÜNGÖR