Special figures:
14
Number of our customers included in Fortune 100
35
New products and services we have signed
410
Million TL innovation-based turnover
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As the Binovative team, we bring over 20 years of experience and have delivered numerous innovation projects across diverse industries. Our expertise is rooted not only in theory, but also in real-world execution.
Providing administrative support to the structure established by Turkey's largest conglomerate to invest in advanced technologies. Implementing a strategy for startup investments needed by the group and monitoring the performance of investments made in Turkey and abroad. Establishing decision-making mechanisms and performance indicators. Developing new business models to collaborate with startups that haven't received investment. Participating on the company's Board of Directors and Investment Committee.
In our country, the GSYF (Venture Capital Investment Fund) and GSYO (Venture Capital Investment Partnership) mechanisms established for this type of investment provide significant tax advantages to investors wishing to operate in this field. The recently enacted Technology Zones Law stipulates that companies receiving government R&D support must reinvest 2% of their R&D expenditures into the startup ecosystem. Companies 'obligated' to invest under this law may choose to implement their own GSYF systems to better manage their investments.
Investments in the startup ecosystem in Turkey have been growing exponentially since 2020. Despite the advantages the startup ecosystem offers, it also carries certain risks regarding the timing and amount of return on investment. The lack of fully developed financial indicators for some startups, in particular, makes the use of classical financial indicators such as EBITDA pointless during the valuation phase. The importance of understanding the startup ecosystem's unique valuation models and creating company-specific valuation models and investment criteria based on the targeted investment type becomes evident at this stage. It is crucial that investment mechanisms established for either financial returns or strategic purposes are structured in the best possible way to meet investors' expectations.
SOLUTIONS WE DESIGNED
1
Determining the investment strategy that will best serve the group companies and updating it periodically
2
Designing and implementing the processes and decision-making mechanisms that will implement the strategy
3
Collaborating with universities and ecosystem stakeholders to identify startups to invest in or collaborate with
5
Implementation of the approval process for investment decisions. Determination and implementation of criteria for investments to be exited.
4
Design and implementation of criteria for evaluating startups seeking investment
6
Monitoring, reporting and auditing the performance of investments made in Türkiye and abroad
Examples of our work:
Our team's experience in this field:
Inventram | Drive Ventures
Advanced Technology Investment Company
Startups, the driving force of the new economy, have become a significant investment tool. Funds investing in startups often take the form of investment mechanisms established by venture capital firms or corporations. While venture capital firms' investments are primarily aimed at financial returns, corporate firms' investment mechanisms are more focused on supporting the strategic objectives of the companies they operate within.
