1871 ANNOUNCES ARRIVAL
OF LEADING TURKISH STARTUPS
Turkish startups complete Teknojumpp
Acceleration Program with business development, fundraising opportunities and a
Demo Day in 1871
CHICAGO (September 3, 2014)—1871
welcomed eight Turkish startups to The Merchandise Mart today ahead of this
year’s Teknojumpp Demo Days. After executing their final stages of business
development and fundraising opportunities for three weeks, the startups will
participate in a Demo Day at 1871 on September 18. The eight startups will then travel to San
Francisco’s 500 Startups, where they will participate in a second Demo Day on
September 25.
“Innovative
technology is part of an increasingly global industry in which the ability to
reach international markets is necessary for long-term success,” said 1871 CEO
Howard A. Tullman. “We are excited to welcome these startups to the 1871 space,
and look forward to showcasing Chicago’s world class entrepreneurial ecosystem,
including 1871’s extensive community and resources.”
The Teknojumpp
Acceleration Program has been initiated by ODTU Teknokent, Turkey’s leading
technology park management organization with more than 300 startups in-house, which
receive services from Sente Advisory Services. The program, currently in its
second year, is designed to accelerate the process of internationalization of
technology-based startups through their process of commercialization in the
United States.
Teknojumpp’s
accelerator program begins with six weeks in Turkey, where selected startups
receive business education and personalized mentoring. The companies work
closely with the Sente Advisory team through scheduled individual meetings as
well as informally in a collaborative work environment. After participating in
a Demo Day, approximately eight companies are selected to travel to the US
portion of the program.
Before
travelling to the United States, the companies undergo intensive business
development and fundraising preparation for two weeks in Turkey. By tapping
Sente Advisory’s vast network, the companies contact potential customers,
investors, mentors and partners to begin action on their US market entry
strategy. The companies come to Chicago ready to complete their business
development and fundraising activities and participate in the two Demo Days.
To
attend the Teknojumpp Demo Days, send an email to info@sente-advisory.com with your organization’s
name, an email address, the day that you will attend and the role of each
person from your organization that will attend. Registration will close by
12:00pm CST on September 15, 2014.
About ODTU Teknokent
Combining
ODTU’s (Middle East Technical University) research capacity and information
pool with the innovative capacity of entrepreneurs, ODTU Teknokent has created momentum
in Turkey’s technology industry. It has become a successful model with its
management experiences and projects for the formation of both the legal frame
and the development of other technology parks in Turkey.
About
Sente Advisory Services (Sente)
Founded
in 2008, Sente provides incubation and business development services to
startups in Turkey and other emerging start-up ecosystems. Through its robust
methodology and expertise in technology development and innovation management,
Sente partners have assisted more than forty that have grown out of idea stage
into growth companies. Its extensive network of executives and technology
experts in USA help these startups enter into US markets based on a
well-thought and tested business development plans.
About 1871
1871 is an
entrepreneurial hub for digital startups. Located in The Merchandise Mart, the
75,000-square-foot facility provides Chicago startups with programming, access
to mentors, educational resources, potential investors and a community of
like-minded entrepreneurs that help them on their path to building successful
businesses. 1871 is the flagship project of the Chicagoland Entrepreneurial
Center.
