Trending Besiktas, Istanbul, Turkey Startups

Istanbul turkeys largest city has been the center of entrepreneurship and innovation for centuries historically it was a hub for traders and merchants who used the citys strategic location between europe and asia to conduct business today the citys vibrant startup scene continues to attract both local and international entrepreneurs with a population of over 1584 million people and a strong focus on innovation and technology the citys geography and history have played a significant role in shaping its entrepreneurial spirit istanbul is situated on the bosphorus strait connecting the black sea to the mediterranean making it a critical trade route for centuries today it serves as a gateway for entrepreneurs looking to access both european and asian markets istanbul has seen significant growth in technological innovation in recent years the city is home to a thriving startup scene with companies like yemeksepeti the first turkish unicorn and getir a grocery delivery app making waves both locally and globally other notable startups in istanbul include insider a marketing automation platform and peak games a mobile gaming company the citys universities also play a crucial role in fostering entrepreneurship istanbul technical university for example has a dedicated entrepreneurship center that supports startups while other universities offer courses and programs focused on innovation and technology the living wage in istanbul is around try850600 per month with an unemployment rate of 105 istanbuls gdp was 349 billion in 2020 and the city has seen an increase in new companies starting in recent years however there is also a high rate of companies ending highlighting the challenges that startups face in istanbul