TÜBİSAD Urçar: We must increase the share of the digital economy to 40 percent

HANDE BERKTAN

Informatics Industrialists’ Association (TÜBİSAD) Board Member Serdar Urçar said that the share of the digital economy, which is 6 percent in the traditional economy, should be increased to 40 percent, which is the world average.

TÜBİSAD Board Member Urçar, who participated in the Agenda Technology program, said about the importance of technology entrepreneurship, “There is still a long way to go for the impact of entrepreneurship for development-based growth in Turkey. Traditional economies are transforming into digital economies. The ratio of the digital economy to the total economy worldwide is around 40 percent. In our case, it is at the level of 6%. While Turkey receives a share of 1 percent from the world’s traditional economies, it receives a share of 2 per thousand from the global digital economies. If we are to accelerate the digital economy, we must be able to strengthen the startup ecosystem, the production and export of new generation technology.”

TÜBİSAD “The Technology Bank of Türkiye should be established”

Emphasizing the necessity of establishing a Technology Bank of Turkey for the development of the entrepreneurship ecosystem, Urçar said, “The obstacles in front of entrepreneurs are access to finance, inability to provide the right human resources and not being able to access the right investment. Turkey needs reform on the education side. The state needs to establish and strengthen this ecosystem with incentives and tax advantages. At this point, development agencies have a great responsibility. Access to finance is another important factor. As well as the incentive business, entrepreneurs must have the ability to manage money. While Türkiye was industrializing, there were industrial development banks. While Turkey is on the way of high technology production, the Technology Development Bank should be established. We think that the Technology Development Bank is the right model as a mechanism to support technology entrepreneurs.”