Turkish startups are increasingly choosing the UK as their gateway to international expansion, and the numbers speak for themselves. In the first half of 2023, Turkish startups secured an impressive $2.18 billion in investments in the UK, marking a remarkable 38% increase from the same period in 2022. This surge represents the highest level of investment by Turkish startups in the UK within any six months ever recorded.
Key Growth Factors:
- Sector Performance: Turkish startups in gaming, fintech, and e-commerce are delivering outstanding performances, contributing significantly to the overall growth.
- Global Entrepreneur Programme (GEP) and Innovate UK: Access to resources and funding opportunities provided by GEP and Innovate UK is fostering growth. These programs offer tailored support and access to a vibrant ecosystem, accelerating startups’ growth in the UK.
- International Growth Programs: Participation in programs like ITU Innogate and Bilkent CyBr provides Turkish startups exposure to clients, investors, and partners, facilitating their development and commercialization.
- Increased UK Investor Interest: The number of Turkish startups raising funds from UK investors has surged by 50% in the past year.
- Growing Investment Size: The average investment size for Turkish startups in the UK has risen from $5 million in 2022 to $7 million in 2023.
Thriving Sectors in the UK:
- Gaming: The UK, as the third-largest gaming market in Europe, presents opportunities for Turkish gaming companies.
- Fintech: The UK’s status as a fintech hub attracts collaboration opportunities for Turkish fintech startups.
- E-commerce: With a large and growing online market, the UK is a promising sector for Turkish e-commerce startups.
Hub Cities for Turkish Startups in the UK:
- London
- Manchester
- Cambridge
Digipac Consultancy: Your Growth Partner in the UK Market! If you’re ready to expand your business in the UK market, Digipac Consultancy is here to help! Specializing in assisting startups from Turkey, we have a track record of successful collaborations with notable clients such as Hiwell, Insider, Studio+, and ITU Innogate. Our expertise has facilitated an impressive 80% plus success rate in enabling UK market expansion for Turkish startups.
Results-Driven Growth: Turkish startups venturing into the UK market typically experience an average growth rate of 45% within their first year of market entry!
Contact us today to explore how we can elevate your startup’s growth and expansion journey in the UK!
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