Page 4 - 201906G20Entrepreneurship Newsletter

The Turkish Innovation Week Started in Istanbul

The Turkish Innovation Week, which has been organized by the Turkish Price to Information Competition" and "Innovation in Finance: Fintech
Exporters' Assembly (TİM) since 2012 under the coordination of the and Blockchain Technologies".
Ministry of Trade, opened its doors on May 3-4, 2019 at the Istanbul Innovation in business and technology has a profound impact on all
Congress Center. The event reached its highest number of participants sectors. This year, at Turkey Innovation Week, Turkish distinguished
so far with the participation of 40 thousand people this year. The enterprises and leaders in innovation were awarded in different
official opening was attended by President Recep Tayyip Erdoğan. The categories for their achievements and global expansion of Turkish
event has experience areas, conferences, workshops and exhibitions technology and innovation. "World E-Commerce Forum" which is an
focusing on innovation which brought the International professionals, international organization that contributes to Turkey's production power
industrialists, academics and experts together.
and capacity via enhancing e-exports, has been held in accordance with
The discussion panels of the event mainly focused on innovation in the event as well. The Turkish Exporters' Assembly is the major export
Turkey and contribution on e-exports. The topics are "Defense Industry: organization in Turkey, which represents 61 Exporter Associations, 27
The Multiplying Effect in Technology", "Life Enhancing Innovation", exporter sectors, and 85,000 exporters that carry on business in the
"Innovation and Future in Turkey", "From Digital to Production regional and sectoral base at both national and international levels.
Transformation: New Horizons in the Industry", "New Route of Exports:

EU: A New Fund to Support Clean Energy

Breakthrough Energy Ventures Europe (BEV-E), a new €100 million
investment fund was established by the European Commission,
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the European Investment Bank and Breakthrough Energy Ventures
during the Fourth Mission Innovation Ministerial meeting in
Vancouver, Canada. The fund will help develop innovative European
companies and bring radically new clean energy technologies to the
market. It will support Europe's best clean energy entrepreneurs
whose solutions can deliver significant and lasting reductions in
greenhouse gas emissions. The first of its kind, it caters to the capital
intensity and long development horizons that energy technologies
need. Funding for BEV-E will include a €50 million contribution from
the European Investment Bank guaranteed by InnovFin, a financial
instrument funded through the EU's research and innovation
programme, and a €50 million contribution from Breakthrough
Energy Ventures, an investor-led fund committed to supporting cutting-edge companies in the energy sector.
The fund will invest in five major energy-related sectors where efforts are essential in fighting climate change: electricity, transportation,
agriculture, manufacturing and buildings. Investments are expected to start in the second half of 2019, at which time EU Member States and
countries associated with Horizon 2020 will be eligible to apply for BEV-E funding. The new fund will contribute to fulfilling the EU's commitments
outlined in the Commission's "Clean Energy for All Europeans" package, including proposals designed to support clean energy innovation,
increase energy efficiency, boost renewable energy usage and reform the European energy market. The European Parliament and the Council of
the EU have adopted all proposals from the package.