Özyeğin university, center for entrepreneurship
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Center for Entrepreneurship
Özyeğin University
Center for Entrepreneurship
we strive to make it known that entrepreneurs are positive agents of social change, wealth creation, sustainability, & innovation, while enabling all players within the entrepreneurship ecosystem to fully execute their missions
Istanbul | Turkey
Enabling entrepreneurs to build sustainable, high-growth startup companies
Girişim Fabrikası (Fit Startup Factory) is a technology accelerator program designed to enable tech entrepreneurs in Turkey to create high potential, sustainable businesses, taking them from the idea stage to launch.
We seek to close the knowledge and resource gap experienced by promising young entrepreneurs as they embark on their startup adventure.
Turkey is in the midst of an uprising. Young
people, united and empowered by technology,
are pounding at the gates of the old order and
demanding that their country's elites make
room for their new ideas.
Opportunity
“ “
Rob Salkowitz Fast Company, March 2011
“
Who are these entrepreneurs?
Abdullah (28) Uğur (25) Dilfer (27)
• Engineers with MSc. degrees • National Business Plan
Competition Winners • 1-2 years professional experience • Using internet technologies to
solve societal and business issues… in the classroom, on the design floor, etc.
• Lack of Structured Training • Insufficient and Opaque Sector Information • Low Level of Resources in own Networks
PAINS
• More PR, More Coverage, More WOM • Meet Like-Minded, Like-Motivated Young
Entrepreneurs, i.e. a Startup Community GAINS
What are they looking for? Feedback and Advise on Business Idea
Learn to build innovative business models Access to pre-seed financing Focus on Code & Customers
(rather than office space, legal terms, accounting mumbo-jumbo)
Selection Our primary focus is on team rather than business plans. We seek teams who embody the core functions for startup success, while exhibiting an openness to learn and ability to pivot their idea. We know that Plan A is almost never the winning formula, so we want entrepreneurs who can 'Get Out of the Building', test & experiment, and then move to Plan B based on validated learning.
Our Acceleration Process 6 Months Across the Finish Line
bootcamp (2 weeks)
prototype development
(3 weeks)
product & biz development (4 months)
move to market
(1 month)
Fit Startup Canvas develop and validate sustainable & investable business models using an in-house model canvas* + badge-driven gamification process
GF Business Plan Competition
GF Virtual Open Lecture
Academic Programs
Social Media, Web Presence
Partnership Activities & Events
* a blend of current entrepreneurial thinking, inspired by the work of Steve Blank, Alex Osterwalder, Eric Ries, & Ash Maurya
The Fit Startup Program is built around the assumption that great entrepreneurs are raised, but game-changing ideas (and likewise startups) are the collaborative efforts of founders, mentors, and customers. We simply endeavor to create a platform for those elements to come and work together.
İhsan Elgin, Director & Entrepreneur
Our success is defined by the collaborative skills and know-how of our team, bridging live experience in startups together with academic entrepreneurship methodologies and an international network, which we utilize to develop an intense training and mentoring program in order to catalyze business model innovation and the formation of sustainable startups.
Murat Tortopoğlu, Supervisor
Jason Lau, Supervisor & Lecturer
Acceleration Services
• Office Space • Legal & Accounting Consultancy • Tech Support • Access to University Resources
• Comprehensive Mentoring Program
– internal mentors on a bi-weekly basis – external mentor network (local angel investors and VCs, serial entrepreneurs,
experienced developers and corporate representatives) on a needs basis – external consultants (HR, marketing & branding, etc.) for short, issue-focused
consultations – Board of Directors monthly for updates
Government Support
Non-Profit & Incubators
Angel Investors Venture Capitalists
Primary Sponsors
Our Ecosystem
Turkish culture is progressively opening up to
entrepreneurship. Following impressive economic growth,
Turkey has developed politically and institutionally,
accommodating itself better to entrepreneurship.
80% of entrepreneurs say
that Turkish culture encourages business.
Entrepreneurs Speak Out The Nice Côte d’Azur 2011
Entrepreneurship Barometer
The Market
Turkey
In Europe, 3rd in online engagement
(32.7 hours online per month)
1st in content consumption
(3,706 pages per month)
5th in Facebook penetration
8th in Twitter penetration
3rd in Foursquare usage
72 million people
50% under 30
35 million online
13th internet economy
engaged hungry socially networked
8.8% economic expansion
57% increase in e-commerce
Competitors
Girişim Fabrikası (Fit Startup Factory)
• Acceleration through Lean Startup Methodology and Mentor Network
• Business Model Innovation through Fit Startup Canvas
• Pre Seed Capital, Legal & Accounting Services
University Incubators • Focus on Business Plan, not Model • Deliver Incubation Services Only
Private Incubators • Professional Software Development Support • Seed & Angel Capital • Focused only on e-commerce
GSM Operators Incubation Programs
• Strong Network, Ready Customer Base • No Seed Capital Provided • Lack of Professional Services
Other Startup Programs
• Strong Local and Global Network • Established processes for selection & mentoring • Some imported formal training programs • Lack of Physical Space
Results: 18 months
727 Applications
74 Camp Participants
18 Selected
1,415,000 TL
530,000 TL
Angel Investment
Raised (TL)
Government Support
Received (TL)
40
People Employed
10 startups
6 R&D
2 Failed
Some of our startups:
Investment Opportunities
Sponsor the Factory and play an integral role in the growth of the program as well as benefiting from GF’s central position in the Turkish entrepreneurial ecosystem
Join our Investor Network and get early networking and investment opportunities with our dynamic startups
Contact Information
girisimfabrikasi.com
facebook.com/GirisimFabrikasi
@girisimfabrika