Proline Ventures invested TRY 150.000 in two start-ups at Big Bang 2016
ITU Seed (İTÜ Çekirdek), which helps to raise new generation of entrepreneurs as being the early stage incubation center of ITU ARI Teknokent, held entrepreneurship competition Big Bang for the 5th time. Proline Ventures, founded by Turkish technology company Proline, has continued its rapid growth in the ecosystem by announcing investment in two start-ups at the competition.
Founded as a “venture platform” for the purpose of investing in start-ups focusing on high technology and producing technology in “Smart City” field, Proline Ventures invested TRY 150.000 in two start-ups; NextHorizons and Bracehealth.
NextHorizons, one of the start-ups at ITU Seed’s early stage incubation center, has developed a robotic vehicle, which can be used in security and defense industry. NextHorizons’ customizable autonomous/semi-autonomous robot platform can be used in fire extinguishing, intervention to suspicious objects, handmade explosive scanning, navigation and discovery in the military and civilian sectors as well as in mine detection and bomb disposals. The vehicle utilizes partially solar energy. NextHorizons, which also shared the first prize of Big Bang 2016, received TRY 75.000 investment by Proline Ventures.
Proline Ventures' second investment was for a wearable technology product in smart health field. Taking TRY 75.000 investment, Bracehealth draws attentions with its heart attack pre-detection technology. The bracelet uses a SIM-card, thus it does not need any other devices such as a smart phone for alerting the patient, doctors and assigned health center, such as hospitals, in case of heart attack risk.
Talking about their new investments, Proline Ventures Manager Hakan Metin Akgün declared; they are differentiated in the sector with “SmartMix” investment model. “With this investment model, we do not only give financial support to start-ups. We also provide mentoring, coaching, counselling, training and networking supports. Within this scope we stand by start-ups in 'Strategy and Business Development', 'R&D and Product Management', 'Marketing and Sales' areas. We are happy to support these two major start-ups of the ITU Seed, which is one of the world's 18 best incubators, and we believe that together we can provide greater contribution to the start-up ecosystem.” Mr. Akgün explained.
“We are organizing the Big Bang with ITU Seed for 5 consecutive years. Many entrepreneurs, who join the Big Bang, are one step closer to commercializing their projects thanks to investments they have received. We are very pleased with the investments made by Proline Ventures, which we think will play an important role in the ecosystem. As ITU Arı Teknokent we will continue to support entrepreneurs with ITU Seed and our other projects to meet with national and international investors,” Kenan Çolpan, ITU ARI Teknokent CEO, said.
Proline Ventures invested TRY 180.000 in Connect-ION, which can transform all vehicles into driverless vehicles
Founded as a “venture platform” for the purpose of investing in start-ups producing technology in “Smart City” field, Proline Ventures continues its investments without slowing down. Proline Ventures, which made a rapid entry into the ecosystem by making two investments totaling TRY 150.000 in two start-ups at ITU Seed in the past days, decided to invest in Connect-ION, which was founded to develop advanced technology products in autonomous vehicles, unmanned aerial vehicles and robotics fields. Within these three areas, in the first phase Connect-ION has primarily focused on the development of technologies that can transform all vehicles into driverless vehicles. The investment made by Proline Ventures in Connect-ION which is a start-up in Sakarya University’s Incubation Center pre-incubation program, is TRY 180,000.
Connect-ION draws attention as a start-up with the goal of transforming nearly one billion vehicles in the world into autonomous vehicles. With this model that can be applied to any vehicle, drivers can get many benefits. The first product of this plan is a device and application named as "driving assistant". The assistant, which facilitates the life of the drivers, prevents loss of time as well as economic losses. In line with this purpose, an in-vehicle device and an application that makes the device conveniently manageable via a smartphone are being designed. The ultimate goal, Connect-ION wants to achieve, is to put on market a “full autonomousization kit”. Under favour of this kit, non-autonomous vehicle owners will be able to have an autonomous vehicle after an easy mounting process without having to dispose of existing vehicle investments.
“Connect-ION can change the balance in the autonomous vehicle world”
“Autonomous vehicles technology brings many benefits for city planning activities such as reducing traffic accidents, air pollution and traffic congestion, etc. When we look from this perspective, we can foresee that the urban problems will decrease as more vehicles become autonomous. We believe that the solutions, Connect-ION plans to develop, are capable of changing the balance in the world of autonomous vehicles. We will provide coaching, mentoring, counselling, training and networking supports alongside of the financial investment we made. We have a strong belief that we can achieve good works together.” Hakan Metin Akgün, Proline Ventures Manager, said.
“Proline Ventures' support will carry us to our targets much faster”
Connect-ION Founder M. Talha Çuhadaroğlu also said, “With the support of Proline Ventures, we aim to set a strategic and visionary focus on our product family, and by doing so, we want to launch the products needed by using the product management methodologies of the world's best companies. We are planning to start setting up of the infrastructure for the first product of this family. Since the most important feature of the product is its user-friendly design, we are working diligently in the design phase. We developed first prototype of our product that can solve the problems of costumers, which is a milestone. We plan to give more detailed information about our product in the coming days. Proline Ventures' support will carry us to our targets much faster.”
“Proline Ventures will be mentioned most often in the coming days”
“We are pleased that Proline Ventures, which made a rapid entry into the investment world, has decided to invest in Connect-ION, a start-up that emerged from our university. The sectors in which start-ups such as Connect-ION aim to provide services are very specialized sectors. Unfortunately, investors who invest in these technologies are very few. We believe that Proline Ventures, as it is differentiated in the sector with its “SmartMix” investment model and being Turkey's the first and only smart cities venture platform, will be mentioned most often in the coming days.” Prof. Dr. Tahsin Engin, Sakarya Teknokent General Manager, said.
Turkey's first and only smart city focused venture platform, Proline Ventures is established
Turkish technology company Proline, which enhances security in the cities via its self-developed safe and smart city platforms and exports these technologies abroad, established Turkey's the first and only smart cities venture platform, Proline Ventures which only will meet the needs of start-ups operating in "Smart City" field with its own “SmartMix” model.
Founded as a “venture platform” for the purpose of investing in start-ups focusing on high technology and producing technology in “Smart City” field, Proline Ventures is differentiated in the sector with its “SmartMix” investment model which provides mentoring, coaching, counselling, training and networking supports on a single point. Proline Ventures will also organize activities to inform the start-up communities about smart cities. For this purpose, Proline Ventures will work closely with start-ups, universities, technology transfer offices, investor networks, incubation centers and acceleration programs as well as carry out international co-operations.
“Our aim is to bring out global start-ups from Turkey”
Proline CEO Mehmet Doğanyiğit said that Proline Ventures broke new ground as it is designed with reference to Proline’s leadership in the field of "Safe and Smart Cities" to invest in the start-ups focused on "Smart City” field. “One of the most important features of Proline Ventures is that we focus only on start-ups operating in 'Smart City' field. Within this framework we mainly follow products where the hardware and software are integrated. We will provide 'Strategy and Business Development', 'R&D and Product Management', 'Marketing and Sales' supports with the seed capital of up to TRY50.000 at the beginning of the investment period through the 'SmartMix' model, implemented for the first time in Turkey. We will also provide sales supports to these start-ups in the Middle East, North Africa, Asia and Europe, as well as in the Turkish market, by utilizing Proline's extensive sales network. In addition, we will also offer cooperation and business development opportunities to start-ups in the countries having high innovation power such as USA, Switzerland, and Germany. In this way, we aim to provide added value of between 1.5 - 3 million Turkish Liras to the start-ups. We are establishing Proline Ventures not only to become a player in the global entrepreneurship ecosystem but also to change the dynamics of the ecosystem and to bring out global start-ups from Turkey with this model that we have developed.”
“We plan to invest in three start-ups this year”
Proline Ventures Manager Hakan Metin Akgün also said: “We will support start-ups that we believe they will make a difference in ‘Smart City’ field. Nowadays, start-ups in Turkey usually try to access financial resources at the first step. Therefore, they focus on capital initiatives or angel networks, where they believe to get the most financial support. But these start-ups are becoming aware of the fact that knowledge and experience are becoming much more important than financial support day by day. As Proline Ventures, at this point, we are standing out as a different model from all investment models in the ecosystem, and establishing a new structure based on 'knowledge is ahead of money' approach. We will not only give financial support to start-ups with our venture platform, but also share our knowledge and experience with them to bring their projects to the international scene. As Proline Ventures, we aim to invest in the start-ups that have teams of committed entrepreneurs, develop products in smart city field and focus on high technologies. Our plan is to invest in three start-ups until at the end of 2016.”
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