Turkey introduced a new R&D support package

The Turkish Government introduced an extensive support package for research and development (R&D) in an effort to become an innovation-driven, high-tech economy, effective 1 March 2016. The main elements of this package include: 1) The establishment of design centers that will benefit from the same level of incentives as R&D centers. Design-related activities conducted in technology development zones (TDZs) are also to be supported, 2) Tax deduction and grants for pre-competition cooperation projects in order to encourage joint projects, 3) Customs duty exemptions for materials obtained from abroad within the scope of R&D, innovation and design projects, 4) The establishment of specialized TDZs for priority and strategic sectors (e.g. ICT, healthcare, biotech, nanotech) in order to form focused R&D organizations, 5) Tax deductions for companies which provide venture capital for start-ups using the Techno-Initiative Capital Support Program in TDZs.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Invest in Izmir (news), New regulations in R&D activities , http://www.investinizmir.com/en/haberler/s/421, 23 Feb 2016
  • Investment Support and Promotion Agency (news), New R&D reform package to boost innovation , http://www.invest.gov.tr/en-US/infocenter/news/Pages/220216-turkey-new-r-d-reform-package-launched.aspx, 22 Feb 2016
  • MOROGLU ARSEVEN (law firm), Turkey Introduces New Mechanisms to Support Research and Development, http://www.morogluarseven.com/magazette/ma-gazette-edition-18-16-march-2016, 16 Mar 2016