Istka Supports
Istanbul Development Agency provides financial and technical support to local administrations, universities, public institutions and organizations, professional organizations, NGOs, for-profit enterprises, cooperatives within certain plans in order to carry out activities that support the region and are important for the region.
What kind of support does the Istanbul Development Agency provide?
A- Financial supports
Direct financing supportDirect financial support is the support provided by the agency to certain projects within the framework of the procedures and principles set out below. Direct financing support mainly consists of the support provided by the agency through a call for project proposals.However, the agency may also provide direct support in the form of feasibility support and guided project support without calling for project proposals and by alleviating some of its obligations regarding project preparation or directly managing the project preparation process. 1.1. Call for Project ProposalsA call for project proposals is a call for qualified applicants to submit project proposals in accordance with certain conditions for a designated support program.Budget: Total budget 2.000.000 TLSupport Duration: Maximum 24 monthsWho Can Apply: Institutions that are authorized to carry out the activities within the scope of the Project, located in the region where the Project will be realized and directly responsible for the Project can apply.*Support for a maximum of 4 projects to the agency in the same applicant region within a single project year
*In a single project year, the same applicant can request support for a maximum of 4 projects to the agency in its region, but the agencies will support a maximum of 2 of them.
1.2. Guided Support
Guided Project Support is provided as financial and technical support to special projects based on entrepreneurship and innovation prepared under the guidance of the agencies based on the existing priorities in the region without any call for proposals.
Budget: A maximum of 75% financial support is provided to guided projects. The remaining part is covered by the project implementer and partners.
Support Period: Maximum 24 monthsWho Can Apply: Public institutions and organizations and professional organizations in the nature of public institutions; Unions, cooperatives; Non-governmental organizations; Organized industrial zones, industrial sites, free zone operators; Technology transfer office companies and management companies of organizations such as technology development zone, industrial zone and business development center; Companies whose controlling shareholder is public institutions and organizations*The support rate can be increased up to 90% in line with the decision of the board of directors, or projects with high budget, sustainability risk, etc. can be decided to be supported with lower rates. 1.3. Feasibility Support
Istanbul Development Agency provides direct financial support for the feasibility studies of projects that are important for the development of the local region, creating competitiveness, preventing and eliminating situations that may adversely affect the economy and increasing investment capacity.
Budget: Agency support allocated per project as ISTKA feasibility support cannot exceed twice the limit determined in that year according to subparagraph F of Article 21 of the Public Procurement Law No. 4734.
Duration of Support: Projects receiving feasibility support must be completed within one year at the latest.
Who Can Apply: Local governments, universities, public institutions / organizations, professional organizations, non-governmental organizations, organized industrial zones, industrial sites, technoparks, technology development zones, industrial zones, business development centers, unions and cooperatives that state in the contract that they will not distribute profit for 5 years as of the application.
2. Financing support Financing support is the financial support that envisages that the agency covers the financing expenses to be paid against the loans to be obtained from the relevant intermediary institutions for the projects specified in the application guide.
3. Interest-free loan supportInterest-free credit support is the financial support that the agency will provide to projects that comply with the application guide by providing interest-free loans through intermediary institutions.
