ITU ARI Teknokent, the technology development zone of Istanbul Technical University, have designed ITU MAGNET as a scale-up incubator for high-potential start-ups.
ITU MAGNET have been designed as an Advanced-Level Entrepreneurship Center that focuses on scaling up high potential start-ups, based on ITU ARI Teknokent's accumulated experience.
ITU MAGNET aims to provide growth-enabling services and a pleasant office space to start-ups, who were already launched their products to their respective markets. We also bring investors and professionals together at ITU MAGNET to help start-ups and entrepreneurs to grow.
Our goal is to render ITU MAGNET as “the attraction center of entrepreneurship ecosystem” by bringing all players of the start-up ecosystem together. We believe this will enable higher-level collaboration between the players and triggers great synergies at our local start-up community, disseminating new technologies and innovations from Turkey to the world.
ITU MAGNET has been located at one of the top Technology Development Zones of Turkey, offering more than a physical co-working space. With tax breaks and institutional support mechanisms from the State, its superior location close to the center of Istanbul’s business life and many other technology companies at the technopark, ITU MAGNET offers an unparalleled advantage for start-ups at ITU's main campus, one of the most prestigious technical universities of the world with more than 273 years of history, providing easier access to top engineering talent, research labs and R&D.
MEMBERS OF ITU MAGNET COMMUNITY
Frequently Asked QuestionsWho may join ITU MAGNET?
ITU MAGNET welcomes start-up firms who established their commercial entities, technology-focused entrepreneurs and participants who aims to contribute to the start-up ecosystem in their respective fields.
ITU MAGNET has two types of membership: “shared” and “dedicated”. Shared seats are located at the center of the MAGNET but it may not guarantee finding an empty seat occasionally. However, there are always alternative spaces in ITU Magnet to enjoy, like the (winter) garden, high-rise chairs, meeting docks or armchairs, while a shared-seats becomes empty for your use. Dedicated seats are dedicated to you namely. You will always find your seat available, 7/24 daily at ITU MAGNET. Dedicated seats have dedicated lockers and cabinets next to your space. Whereas, shared seats may use a central locker with additional subscription.
İTÜ MAGNET have been designed as a community of high-growth, high-potential start-ups. It aims to leverage their potential with mutual and collective support with the other relevant participants. Therefore, we expect the applicant start-ups to be commercially launched already, or hold great expectations. Applying start-ups need to be: - Finished their preparation and ready for market growth, - Commercialized or about to be commercialized, - Launched a high-growth potential product in its market, - Competitively superior with some intellectual property or trade secrets in their design, - Ready to participate and give-and-take in a collective environment, - Ready to enrich the social context of ITU MAGNET. For every participant, we evaluate the application, on the basis of: - Number of existing participants with similar contribution potential to ITU MAGNET, - The attitude and motivation of the applicant to contribute the ITU MAGNET community and increase its diversity, - References of similar contributions to the start-up ecosystem by the applicant before. For participant individuals, groups and companies, we expect the applicant to increase the diversity of ITU MAGNET. Therefore, if there are similar participants already available in ITU MAGNET, your application may be taken to a hold status, until some similar participants delist their membership.
Each category of applicants has certain ceilings in accessing ITU MAGNET services to ensure the diversity of the ITU MAGNET community. For a start-up, this maximum limit is 8 seats per start-up. Whereas, start-up teams without a legal entity may have a total of 4 seats. Participant individuals may get 1 seat or participant companies may get a maximum of 6 seats monthly.
The applications are taken at the “APPLY NOW” links of our website. There are separate application forms for start-ups, entrepreneurs and participants. Please ensure that you are filling out the right form in your respective status. Than we screen the forms for proper applications and invite those who seems to be in line with the above criteria to pitch their application We expect applicants to present their application and how they are going to contribute to the ITU MAGNET community. After this evaluation, the successful applicants will be invited to apply the service contract to join and start using ITU MAGNET.