Turkey is becoming a global hub for angel investment

A tax incentive brought by the Turkish Treasury and the policy of supporting entrepreneurs and their supporters have helped Turkey position Istanbul as a global hub for startups, according to an experienced angel investor.

“Last year, Turkey became the fifth biggest startup market for angel investors in Europe, according to the European Trade Association for Business Angels [EBAN]. Some 512 million euros were invested in Turkey, whereas five years ago Turkey ranked 32nd,” Baybars Altuntaş, the chairman of the World Business Angels Investment Forum (WBAF), has told the Hürriyet Daily News.