Türkiye and Portugal Forge a Groundbreaking Technology Partnership at Web Summit 2024

Türkiye and Portugal Unite for Technology Advancement

Türkiye and Portugal have announced a joint technology platform aimed at enhancing trade diplomacy and minimizing bureaucratic hurdles between the two nations. This initiative was unveiled during the Web Summit, one of the largest technology and entrepreneurship conferences, taking place in Lisbon.

Erdem Erkul, head of the Foreign Economic Relations Board (DEIK) Digital Business Council, stated, "We have agreed to create a technology platform with the participation of institutions and companies from both countries." Türkiye showcased 22 technology-focused startups at the summit, providing them with opportunities for growth and international collaboration.

Economic Collaboration

Erkul emphasized the significance of this cooperation, stating that the platform will benefit both startups and larger companies, facilitating trade and reducing bureaucratic barriers. He mentioned a similar initiative established with Spain, which is set to continue in Istanbul in December.

Spotlight on Startups

Erkul expressed enthusiasm for Türkiye's representation at the Web Summit, highlighting the resilience of those striving to establish Türkiye as a technology hub. He noted that the 22 startups participating are targeting global business growth with DEIK's support.

Sector Highlights: Gaming, Defense, and Retail

The Turkish startups showcased at the summit spanned various sectors, including gaming, defense, and retail. Notable participants included Aselsan, a defense technology company, and the Startgate accelerator program.

Focus and Differentiation

TT Ventures, a venture capital firm, supported two startups at the event, emphasizing that a strong focus and solid team are essential for global competitiveness in the tech sector. TT Ventures General Manager, Muhammed Özhan, stressed the importance of specialization, particularly in artificial intelligence.

Togg: A Star Attraction

Togg, Türkiye's first indigenous electric vehicle brand, attracted significant attention with its display at the Web Summit, showcasing its Trumore application and the Togg 10F fastback sedan.

Major Global Participation

For the second consecutive year, Turkish technology startups participated in global events like the Web Summit, supported by five development agencies under the Ministry of Industry and Technology. Over 100 Turkish startups showcased innovations in AI, machine learning, cloud technologies, and more, gaining exposure to potential investors.

Record Attendance

The 2024 Web Summit in Lisbon sold out, drawing over 70,000 participants, including 3,000+ exhibitors and 1,000 investors. The event serves as a networking hub, covering various themes such as fintech, AI, and sustainability.

Key Trends at Web Summit

Prominent trends at the summit included AI expansion, social media regulations, climate change, and funding challenges. Discussions on the ethical implications of AI and sustainability initiatives were particularly prominent, highlighting the summit's role in shaping future technology.

Innovative Solutions

Cerebrum Tech, a startup focused on sustainable AI solutions, and Winfluencer, which provides measurable metrics for digital advertising, were among the notable participants. The summit spotlighted the necessity for effective digital advertising measurement and the importance of environmental responsibility in tech development.