How to get support from KOSGEB? Two new programs announced

KOSGEB has launched two new programs to support the growth and globalization of SMEs. These programs were announced by Minister of Industry and Technology Mehmet Fatih Kacır at the "Growth and Globalization Supports Promotion Program" event.

New Support Programs:

Global Competitiveness Support Program: This program aims for SMEs to develop innovative and competitive products and produce innovation-focused solutions. The program, which aims to increase the effectiveness of SMEs in global markets by using new technologies, offers a non-refundable interest/profit share support of 20 points for financing with an upper limit of 50 million liras and a maturity of up to 36 months. Enterprises operating in medium-high or high-technology fields, having successful export and R&D performance, and supported within the scope of the Technology-Oriented Industry Move Program and the Turcorn 100 Program will be able to benefit from this program.

Capacity Development Support Program: This program aims to accelerate the scale-up investments of SMEs. It meets the needs of SMEs in the manufacturing, telecommunications, computer programming, information service activities, and scientific research and development sectors in a wide range from production to marketing and from human resources to certification. Within the scope of the program, a non-refundable interest/profit share support of up to 20 points will be provided for financing with an upper limit of 20 million liras and a maturity of up to 36 months.

Goal and Collaborations

It is aimed to create a loan volume of 22 billion liras this year within the scope of these two programs. The programs will be carried out in cooperation with Ziraat Bank, Ziraat Participation Bank, Halk Bank, Vakıf Bank, and the Credit Guarantee Fund. While banks offer financial support to SMEs, the Credit Guarantee Fund will provide guarantees to SMEs.

Details of the Capacity Development Support Program can be accessed here.

Details of the Global Competitiveness Support Program can be accessed here.