A Corporate Venturing Case Study in Turkey: SBA (Siemens Business Accelerator)

Siemens Business Accelerator (SBA), which is founded in 2002 in Istanbul, is one of the corporate innovation management tools of Siemens Turkey to achieve innovative new products and solutions through dynamic entrepreneurship and technology development potential in Turkey. SBA developed a successful business development and cooperation model with Turkish start-up companies and gathered a huge project evaluation and management experience in Turkey. During 4 years, over 120 project applications are evaluated and 10 companies were/are in the Business Incubation programme. SBA has cooperations with universities, technoparks and other technology actors in country. Therefore, the technology management experience of SBA in Turkey is valuable in all aspects as a case study in Turkey's technology and entrepreneurship environment for the other technology management specialists and researchers. This presentation will include the business model of Business Incubation Programme SBA, our experiences in incubation and corporate venturing in Turkey, and furthermore, a successful project of SBA, "Siteapart", which has been developed in SBA and is about to enter market will be presented as a case study to show the advantages and problems encountered in the application of the incubation model