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Back|260 million euros worth of resources were provided to 23 cities in Türkiye
260 million euros worth of resources were provided to 23 cities in Türkiye
NEWS
Sabah Ekonomi·1 hour ago·Business·1 min read·🇹🇷Türkiye·

260 million euros worth of resources were provided to 23 cities in Türkiye

Minister of Industry and Technology Kacır announced that 496 million euros of funding was provided to Türkiye within the scope of the Horizon Europe program.

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Minister of Industry and Technology Mehmet Fatih Kacır stated that 496 million euros of funding was provided to projects in Türkiye with the Horizon Europe program and the Türkiye-EU trade volume approached 235 billion dollars.

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Why It Matters

Horizon Europe is the world's largest civilian R&D program and Türkiye actively participates in the process.

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496 MILLION EURO FUND FROM UFUK EUROPE

Kacır stated that within the scope of Horizon Europe, which he described as the world's largest civilian R&D program, 496 million euros of funding support has been brought to the country with 992 projects involving organizations from Türkiye since 2021. He also stated that Turkish organizations acted as consortium coordinators in 85 projects.

Referring to the supports provided within the scope of the Competitiveness Program of Enterprises and SMEs (COSME) and the subsequent Single Market Program, Kacır announced that 243 thousand 654 SMEs benefited from financial instruments and project supports.

DIGITAL TRANSFORMATION AND SUPER COMPUTER SUPPORT

Stating that industrialists, entrepreneurs and universities are provided with access to critical technology infrastructures within the scope of the Digital Europe Program, Kacır said that researchers and institutions in Türkiye have benefited from approximately 100 million dollars worth of computing capacity in Europe's leading supercomputer infrastructures free of charge to date.

Noting that the digital transformation of SMEs, entrepreneurs and public institutions is supported through 8 consortiums participating in the European Digital Innovation Centers network, Kacır stated that projects to strengthen the digital transformation of the manufacturing industry, green transformation, resource efficiency and research capacity are continuing during the IPA III period.

In this context, he stated that national support mechanisms such as the Sectoral Development Center (SEGEM) Support Program have been implemented in order to increase the capacities of the centers and infrastructures established in cooperation with the EU.

5.7 MILLION EUROS FOR DECARBONIZATION OF THE INDUSTRY

Stating that they want to develop cooperation in the field of green transformation with the European Union within the scope of the Turkish Industry Decarbonization Investment Platform (TIDIP), Kacır said that the 5.7 million euro EU support to be provided for the platform within the scope of IPA III will contribute to providing more financing for the decarbonization investments of the industry.

Kacır stated that they are closely following the European Union's Global Europe and European Competitiveness Fund studies for the 2028-2034 fiscal period and stated that they are ready to develop new partnerships in many fields from green transformation to digital technologies, from health and biotechnology to defense industry and space.

Türkiye-EU TRADE VOLUME APPROACHED 235 BILLION DOLLARS

Making a statement to the press after the conference, Kacır said that the bilateral trade volume between Türkiye and the European Union approached 235 billion dollars.

Stating that Türkiye has become an important player in European value chains and supply networks, Kacır noted that the projects carried out within the scope of the Competitive Sectors Program contribute to the integration between Turkish industry and European value chains and the competitive power of Türkiye's entrepreneurship ecosystem.

What to Watch

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  • New EU partnerships will be developed

    Likely · Within months

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  • ?To which specific projects will funds be allocated with priority?

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This article was originally published by Sabah Ekonomi.

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Minister of Industry and Technology Mehmet Fatih Kacır stated that 496 million euros of funding was provided to projects in Türkiye with the Horizon Europe program and the Türkiye-EU trade volume approached 235 billion dollars.

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Sabah Ekonomi
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Published
1 hour ago
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Mehmet Fatih Kacır
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