We have money, we seek entrepreneurs to use it

Science, Industry and Trade Minister Nihat Ergun announced that the ministry will provide grant support up to 3.5 million TL for companies who engage in R&D activities. Stating that the budget of the Scientific and Technological Research Board of Turkey (TUBITAK) was partially returned the previous year, Ergun said, “We have money; we need people to use it.” Ergun stated that income tax exemption would be extended until 2023. Specifying that they would conduct a new support program, Ergun said, “We are going to establish a new mechanism under the name Investment Support Program. We have reached the last stage in our talks with the Finance Ministry. With this support, we are planning to offer grants up to 3.5 million TL as well as loan interest support. We will give priority to companies which conduct R&D activities in medium and advanced technology fields.” Ergun called on all of the industrialists and academics to follow up support programs closely and make more applications.