Technology Development Foundation of Turkey
Encyclopedia
Nongovernmental organisation in the form of foundation established in 1991 to support the international competitiveness of turkish industry. Abbreviated as TTGV, the foundation acts as an intermediary to public funds to support private sector's research and development
activities.
and the World Bank. The purpose of the agreement was to provide funding to the private sector for research and development activities aimed towards technological innovation.
The founders included public and private sector organisations, umbrella organisations and individuals.
Research and development
The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of...
activities.
History
The foundation is established in 1991, as a result of a loan agreement between TurkeyTurkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
and the World Bank. The purpose of the agreement was to provide funding to the private sector for research and development activities aimed towards technological innovation.
The founders included public and private sector organisations, umbrella organisations and individuals.