Turkey Development Fund

Turkey Development Fund is an economic development agency in Istanbul established in 2019 that aims to strengthen Turkey’s enterprise ecosystem by investing in new-generation startups and in investment vehicles that support sustainable development. It focuses on strategically important economic sectors and on growing the nascent venture capital ecosystem by directing capital to innovative companies that drive long-term growth.

Elif Altug

CEO and Board Member

Past deals in Industrial Engineering

CompE

Pre Seed Round in 2024
CompE provides composite modeling and design consultancy services for the defense industry and industrial facilities.

Csense

Pre Seed Round in 2024
Csense is an engineering company that provides industrial applications with electrochemical curtains-printed electrodes that provide performance and reliability. The company offers screen, carbon, and curtain printed pyrolytic graphite electrode products.

Mechanima Engineering and Software

Pre Seed Round in 2024
Mechanima Engineering and Software specializes in structural health monitoring, design, numerical analysis, and optimization solutions.

Milspec Engineering

Pre Seed Round in 2024
Milspec Engineering is a manufacturing company that designs and develops electromechanical products for industrial purposes.

Pallas

Pre Seed Round in 2023
Pallas Software & Consultancy Inc. offers customized and flexible high-tech solutions for all kinds of establishments that need to struggle with complex strategic and/or operational plans. Thanks to our world-class profession at creating synergy between cutting-edge AI tools and advanced optimization algorithms, Pallas is able to propose flexible, customer-specific, and optimal solutions that are immunized against market- and corporation-related disruptions. Thus, we ensure strategic and operational excellence for our clients. Our vision is to become a globally recognized brand for companies and institutions dealing with complex strategic/operational plans under severe uncertainty; and to take a leading role in the field of Industry 5.0. On the other hand, our mission is to ensure economic sustainability for our customers via helping them gain a significant competitive advantage.

Milvus Robotics

Milvus Robotics is an Ankara-based developer of autonomous mobile robots focused on making robotic technology practical, accessible and beneficial for use in human environments. Founded in 2011, the company brings together experts from diverse backgrounds to advance AMR deployment. Its robots can safely handle heavy payloads and offer attachments for different applications, enabling clients to manage and monitor fleets remotely and in real time.
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