Are R&D Loans Relevant for Supporting Industrial R&D: The Case of TTGV in Turkey

Year 2021, Volume: 1 Issue: 2, 93 - 103, 31.01.2022

Serkan Bürken

Abstract

In this paper, the relevance of R&D loans in Turkey has been investigated by using the example of TTGV. A descriptive analysis has been made with the help of the contemporary R&D funding literature. As a result, R&D loans provided by TTGV under the program of “Technology Development Projects” seem relevant and beneficial even though its effect is small on economic development. Its capacity should be enlarged by making it more attractive and compatible with the needs of firms, particularly of SMEs.

Keywords

R&D loans, R&D subsidies, SMEs.

Supporting Institution

Technology Development Foundation of Turkey

Project Number

N/A

Thanks

This paper is written on behalf of Technology Development Foundation of Turkey (TTGV). Valuable information and reports of the foundation have been used in order to attain the aim of the paper. Special thanks should be given to Mr. Mete Çakmakcı, Mr. Yücel Telçeken for their precious support. Also I am indebted to Mr. Erol Taymaz, Mr. Teoman Pamukçu and Mr. Erkan Erdil for their valuable contributions and orientations.

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