ANKARA

European Business Angel Network (EBAN) held its 11th Winter University in Turkey on January 17 and 18 hosting nearly 200 angel investors from 20 countries at the Istanbul Commerce University.
The two-day event discussed topics such as the entrepreneurial ecosystem in Turkey, the relation between angel investing and public support, and corporate investors.
Speaking at the event European Trade Association for Business Angels President Paulo Andrez said Turkey offered lucrative business opportunities to angel investors with recently introduced a 75 percent tax credit on investments up to 1 million Turkish liras (around 500 thousand euros).
"Turkey has currently a reasonable tax rate, and it has investors. What it needs now are more angel investors," Andrez said. 
Also speaking at the event, Baybars Altuntas, head of the EBAN's Turkey branch, said Turkey offered "the most advantageous incentives in the world," adding that the country had recently been raised to investment grade by Fitch.
Moderating a session business models, Anadolu Agency's Marketing Director Cagatay Culcuoglu said the government incentives in Turkey also provided great opportunities for the media sector.
"More opportunities for angel investors mean more international investments in Turkey, which will contribute to the media sector in innovation and developing new products," Culcuoglu said.