OIB Awards 2 Million TL to Four Game-Changing Initiatives in Automotive Industry
Foreks - The Uludağ Automotive Industry Exporters Association (OİB) awarded a total of 2 million TL to four automotive sector start-up projects at the ITU Core Big Bang Start-up Challenge event. OİB aims to support innovative projects that will make the Turkish automotive industry a strong part of the global mobility ecosystem. In this regard, OİB has been awarding prizes at the Big Bang Start-up Challenge, Turkey's largest entrepreneurship event supporting entrepreneurs, since 2015. This year, OİB's awards valued at 2 million TL were announced by OİB Audit Board Member and OGTY Executive Board Chairman Ömer Burhanoğlu. Accordingly, the projects awarded by OİB are Pomeco, BBA Vtol, Genoride, and Infotainment Studio.
OGTY and Big Bang supported start-ups are growing rapidly Speaking at the event, Ömer Burhanoğlu emphasized that the automotive industry is at the center of digital transformation, underscoring that vehicles are essentially mobile computers integrated with software and technology. Burhanoğlu stated, “Artificial intelligence, autonomous driving technologies, green energy solutions, all are part of this new wave. This agenda is creating new business models. Especially urban mobility is one of the leading causes of carbon emissions globally. With this awareness, since 2012, OİB has organized the Future of Automotive Design Competition (OGTY) every year, and this year we held it with the theme of Urban Mobility. This year, we awarded 3 million TL to the top five entrepreneurs. The total investment received by the projects we supported in OGTY has reached 50 million dollars, generating over 20 million dollars in revenue and providing employment for 1,810 people. Their current valuations are close to 400 million dollars. An important point is that more than 60% of the entrepreneurs we support have incorporated. We are proud of all of them. The OGTY entrepreneurs have also gained the right to participate in Turkey's most significant entrepreneurship event, the ITU Core Big Bang Start-up Challenge. As OİB, we strive to provide every opportunity to empower and ensure the success of entrepreneurs and start-ups in collaboration with ITU Core. Since our cooperation with ITU ARI Technopolis began in 2015, we have awarded 613 thousand dollars in cash at the Big Bang stage. This year, we awarded a total of 2 million TL.”
OİB Awards Pomeco 500,000 TL BBA Vtol 350,000 TL Genoride 700,000 TL Infotainment Studio 450,000 TL