Finance Technopark Information Meeting has been held
05/27/2015
Finance Technopark, established as a result of the cooperation of Borsa İstanbul and Boğaziçi University, to host companies that will develop software on finance, has taken the first step in its efforts. The Technopark is expected to be a pillar of İstanbul International Financial Center vision and aims at offering a new model in the international field. The Technopark will receive the initial applications by June 10. Applications will be received electronically only, for allocating an area of 4 thousand m2 to companies.
Applications will be filed on the address www.finansteknopark.com.tr only.
In order for the Turkish banking and finance sector to become more competitive and gain a larger share in the global markets, a technology development project focused on finance has been established as a result of the cooperation of Borsa İstanbul and Boğaziçi University. Applicants for Finance Technopark are required to file their applications by e-mail until June 10, 2015 and send their files by June 12. Applications will be finalized in accordance with the opinion of the Assessment Committee by June 29, 2015.
With its thematic structure focused on finance, the project will be a first in Turkey, while offering a new model on the international platform, proving that technology development can be efficiently ensured as a result of the cooperation of the university and the Exchange.
World’s First Thematic Technopark
Borsa İstanbul CEO Tuncay Dinç emphasized the project’s thematic structure focused on finance, saying, “Borsa İstanbul brings together all exchanges under a single roof, offering all its stakeholders services at global standards. Borsa İstanbul depends on its important information technology projects in order to offer its high-standard services. One such project is Finance Technopark. What differentiates the Finance Technopark from the others in Turkey is the fact that it is a “thematic” one focused on finance. As far as we are aware, it is the first in the world. The starting point of the project is the vision of Istanbul International Financial Center project and Borsa İstanbul’s role in such vision”.
Emphasizing that information technology has become the main area of competition in the finance sector in the last two decades, Dinç went on to say, “We witness how the developments in the information technology area change the business models in the finance sector and the opportunities offered. The way to gain competitive power in this area is R&D and innovation in software. In the Finance Technopark, we aim to offer priority for the companies that develop software for the finance sector and contribute to Turkey’s competitive power in this area. By bringing together companies producing software for the finance sector, we can offer a productive ecosystem for the finance sector. Establishing the Technopark in a spot at close proximity to companies active in the capital markets and banking sector will create synergy. The Technopark is within our campus, which will facilitate interaction with Borsa İstanbul and its affiliates. As a group, we lead the technology element of Istanbul Financial Center project. Within this framework, we will make a significant contribution to Istanbul Financial Center project with the Technopark”.
The Technopark will contribute to Competitive Power
Boğaziçi University President Prof. Gülay Barbarosoğlu said that they aim to strengthen the leading role of the finance markets and institutions in the global markets as a result of the cooperation with Borsa İstanbul, adding, “With its numerous academicians and students in various academic units, specialized research centers, and focused post-graduate programs, Boğaziçi University is a distinguished institution successfully carrying out training and research activities in the finance field. We aim to strengthen our know-how and experience in engineering, particularly financial mathematics, mathematics, information technology and software engineering, thanks to this cooperation with Borsa İstanbul, and thereby contribute to the competitive and leading role of our finance markets and institutions in the global markets. Our target is to ensure that universities, research institutions, information technology companies and financial institutions carry out research, development and innovation efforts in the same environment; exchange information and technology; and provide the required infrastructure for innovative and experienced human resources in Istanbul, which will assume an important role in the new financial architecture. Thereby, it will be possible to convert the academic information and research potential in universities and research centers into technological products; commercialize them, and offer an appropriate environment for technology transfer; establish and improve technology-oriented companies; and allow our domestic and overseas brain power to efficiently produce financial technology. Another factor that we attach importance in the Finance Technopark is the existence of an efficient incubation center which will bring new entrepreneurs and start-ups to the sector.”
Initial Applications and Assessment in June
The construction is planned in an area of 10 thousand m2, with a covered area of 17 thousand m2 in Borsa İstanbul campus, and is expected to be completed by mid-2016.
The application schedule in Finance Technopark is as follows:
June 10, 2015 Deadline for submitting application documents by e-mail
June 12, 2015 Deadline for submitting printed and signed application documents
June 15 – 18 The applications are sent to the Assessment Board Members
June 22 – 29 The Assessment Board convenes, assesses and reports on the applications
