The R&D, innovation, and entrepreneurship ecosystem of Turkey is currently on track to meet two key targets for the year 2023. These targets are to raise gross expenditure on R&D (GERD) to 3% of GDP, up from its current level of 1%, and increase the number of researchers to 300,000 full-time equivalents (FTE), up from 115,000 of today. The Turkish government aims to realize these goals through the institution of new R&D Reform Packages they started at the beginning of 2016.
Their end goal is for a structural transformation of Turkey to a more tech-driven economy. It is their hope, that this transformation will increase the competitiveness of vital industries in Turkey, strengthen university-industry cooperation, and increase overall R&D spending.
Learn more about the Turkish Reform Package and what some of the key highlights from it are in our latest Newsletter