Title page
Contents
Disclaimer 4
Acronyms 5
Executive summary 6
Türkiye's journey 7
Introduction 7
Essentials of "IP-backed financing" 9
Financing of Turkish businesses 9
The role of IP valuation in accessing finance 11
Accounting of IP assets 11
Türkiye's process in establishing an IP finance system 12
TÜRKPATENT 14
Government-Backed Funds 14
Preparatory work for establishing an IP-backed financing system 16
Negotiations with the Credit Guarantee Fund (KGF) 16
Conclusion 18
Türkiye case studies 20
Case study 1: Dermis Pharma Sağlık ve Kozmetik Ürünleri A.Ş. 21
Case study 2: Pelemir (Cephalaria syriaca L.) Plant 23
Endnotes 24
Table 1. Actions and main activity areas of Competitiveness and Innovation Sector Operational Programme (CISOP) 13
Table 2. Some of the major IPRs policies/measures under the 12th Development Plan of Türkiye 13
Table 3. Demand for IP valuation reports 14
Table 4. Insurance systems, relating to innovation and technology, served by the KGF 16
Figure 1. Resident IP applications to TÜRKPATENT (2000-2023) 8
Figure 2. Share of loans in the financial statements of Turkish banks, and share of loan types (November 2022) 9
Figure 3. Distribution of Turkish SME loans in 2022 10
Figure 4. Central government budget outlays on R&D and indirect R&D support (per million TRY), (2008-2022) 15