Baris Karakullukcu, Head of New Generation Entrepreneurship at Turkiye Is Bankasi: “In the Artificial Intelligence Factory Program, we support startups that use artificial intelligence effectively, develop their own technologies in their chosen field, and most importantly, find a solution to an important problem that exists with these technologies.”
The 100th Year Venture Capital and Artificial Intelligence Factory, launched by Isbank Group, has decided to invest in 23 artificial intelligence startups so far.
According to the statement made by Turkiye Is Bankasi, with the developing technologies, artificial intelligence applications have become increasingly used all over the world in many sectors such as health, education, transportation, finance and agriculture. Considered as the beginning of a “new era” with the radical changes it brings, artificial intelligence technologies, which have the potential to increase efficiency, optimize decision-making processes and create new opportunities for institutions and companies, have become an indispensable part of the entrepreneurship ecosystem.
The 100th Year Venture Capital, launched by Is Bankasi Group, which makes significant investments in the field of technology and sees the entrepreneurship ecosystem as complementary, has decided to invest in 23 startups in 2023 within the scope of the Artificial Intelligence Factory Program, which also operates within the Bank.
The startups accepted to the Artificial Intelligence Factory were selected based on their presentations in the jury evaluations, called cohorts, and the evaluation of the selection committee, and were entitled to receive an investment of $100 thousand through 100. Year Venture Capital.
INNOVATIVE IDEA, STRONG BUSINESS MODEL, PEOPLE ORIENTATION, SUSTAINABILITY AND ETHICAL VALUES
Baris Karakullukcu, President of Turkiye Is Bankasi New Generation Entrepreneurship, whose views were included in the statement, stated that the main features they look for in startups that have the potential to shape the world with their innovative ideas are innovative ideas, a strong business model, a good team and growth potential. Karakullukcu also emphasized that they attach great importance to an approach that focuses on people and sustainability and to having ethical values. He stated that in the Artificial Intelligence Factory Program, they support startups that use artificial intelligence effectively, develop their own technologies in their chosen field, and most importantly, find a solution to an important problem that exists with these technologies.
TAILORED SUPPORT FOR INITIATIVES IN THE FACTORY
Karakullukcu stated that they aim to be the leader of innovation through development projects and investments in the field of artificial intelligence, in line with the values of innovation, sustainability, ethics and responsible banking, and stated that they aim to create added value by adopting an approach sensitive to society and the environment in this process. Karakullukcu said, “In this way, we will contribute to the increase of a qualified workforce and welfare level in our country.
In the Artificial Intelligence Factory Program, we offer tailor-made support to startups exactly where they need it. As well as financial resources, they may have needs in different areas such as technological infrastructure, office, mentoring, guidance, sectoral expertise or growth strategies abroad. “We continue our work in line with the needs, end-to-end, with a 360-degree approach.”
Source: Patronlardunyasi / Prepared by Irem Yildiz