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Acceleration & Investment Program

Innovate21st is designed to deliver critical components of a successful accelerator program, which are learning, guidance and financing.

Applications for Innovate21st program are still open.

We are waiting for your applications!

About the Program

Developed by idacapital, invested in by various institutional investors, Innovate 21st Acceleration & Investment program offers a wide range of knowledge base and Venture Capital support in order to promote startups.  


During the first phase of the two-phased program, applications are analyzed with great care through a two-stage evaluation system by our team of analysts and advisory board members. In the second phase, startups that are chosen for investment are included in the acceleration program in order to develop their businesses, increase their market shares, and help them to reach a wider network.


As Innovate21st we invest in startups that can produce alternative solutions to conventional systems; which have passionate and reliable teams with strong innovative sides, aiming to help them reach their goals more easily and constructively.


Program Content

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1:1 meetings with investment analysts and you will get financial model design, unit economics analyses, growth and access to finance support in line with financial metrics
Financing up to $250,000 through Convertible Bonds
24-week program focused on driving business growth and accelerated market penetration
Close communication with Venture Capital investors and experts in marketing, technology, legal & tax issues etc.
Marketing and Cloud Server perks
Opportunity to receive further financing from program backers
Opportunity to reach a wide network of Venture Capital investors & co-investors

Impact Investing

The developer and the moderator of the Innovate21st Investment and Acceleration program, idacapital, is the one and only social impact fund in Turkey. Along with financial returns, idacapital also seeks for measurable positive environmental and social impact in its investments.


Businesses that can be considered within the scope of impact investing are more likely to scale in different geographical areas that share the same problems, and by appealing to the majority impact investments have the potential of faster growth and wider expansion.


To categorize and measure social impact, Innovate21st uses United Nations Development Programme’s Sustainable Development Goals as its guide. In general, Innovate21st emphasizes goals 4, 5, 8, 9, 10, and 12 within its investment strategy, however, there might be changes within the scope of each cohort.


Previous Programs
Digital social media
Digital Inclusion 2023

Digital Inclusion- 2021

After the completion of two successful acceleration programs focusing on ''Retail & Proptech'' and ''Fintech & Financial Inclusion'', we are expanding our vision to emphasize on contemporary needs of businesses and individuals.

After certain stage of evaluations:

  • QDelivery, which offers platform that enables platform consolidation and optimization in courier operations.

  • Diginak, a digital road transport fintech company, keeps all stakeholders of logistics in the ecosystem.

  • Organo-ID, which offers innovative and technological methods for detection of accurate diagnosis for cancer treatments.

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Modern Office
Retail & PropTech 2020

The ongoing change caused by digitization on Retail, Shopping and Commercial Real Estate Spaces, is stepping into a new phase, as we call it the “New Normal”, a lot sooner than it is expected. 
The New Normal, still yet to take on its mature form will affect consumer behavior (health, security, entertainment, etc.) Legacy systems should rapidly adapt to these changes, paving the way to create new opportunities for startups that have developed innovative solutions addressing these needs. 
Innovate21st focuses on this context.  With this Call, we boldly aim to place Istanbul in the origin point of such changes and new solutions. We want to be the first investors and users of these solutions.  

Following the evaluations during the second phase of the program:

  • Pulpo AR, working on augmented reality in the cosmetics sector

  • Park Palet and Navlungo, serving as a marketplace in the logistics and storage sector


deserved to attend the acceleration program coordinated by idacapital, and a total of 450K USD pre-Series-A level investment were made into these startups.


RetailTech & PropTech-2020

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FinTech 2021

After the first Innovate21st acceleration program focusing on the Retail & Proptech verticals launched back in October, we determined the second program’s main theme as Fintech & Financial Inclusion. In the 3-month evaluation period, we have assessed over 100 applications and completed our meetings with every startup that applied to join the program.


After certain stages of evaluation:

  • Fintegre, which provides affordability and sales growth solutions for retailers that increase the purchasing power of their customers and create additional revenue through its platform which is tailored according to retailers’ needs.

  • Agriofinans, which is an agriculture-focused financial technology startup that redesigns agricultural production and value-chain financing

  • WorqCompany, a new-generation one-stop-shop for SMEs and startups, providing high-quality vendors and partners for key business services such as company establishment, accounting management, digital finance, and office space solutions.

RetailTech & PropTech

FinTech 2021

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We are planning to start taking applications by mid-October 2020 and announce the startups that qualify to join the Investment & Acceleration program by mid-November. Program is planned to last for 24 weeks and aiming to contribute to the startups’ journey to success.  

Previous Program Backers & Supporters

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Road Map

Program Topics

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Traction & Scale


Team and Execution


Customer Experience


Sustainable Differentiation


Problem and Vision

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Unit Economics &

Business Model


Sustainable Systems & Risk Management


Product & Lovable Solution


Go-to Market Strategy


Investment Strategy

Program Topics

Didem Gordon

Founder at Phaida Ventures

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Ibrahim Ibrahim

Managing Director at Portland Design

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Hande Islak

Deputy Head of Turkey, Corporates at EBRD

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Asst. Prof. Zeynep A. Koçer

Research Group Leader, Emerging Viral Diseases at IBG Center 

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Elif Kokok

Venture Capital Funding Group Executive Board Coordinator / TUBITAK / TEYDEB

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Didem Altop

Co-founder at 2C Project House

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Dr. Ismail Ari

TTO and Entrepreneurship Director at Ozyegin University

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Oguzhan Aygoren

Assistant Professor at Boğaziçi University

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Cem Baytok

Managing Partner at idacapital

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Tunc Berkman

Partner at TBS Investment

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Cem Boyner

CEO at Boyner Holding

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Yasar Buyukcetin

Chairman at Büyükçetin Group SL

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Ahmet Cemal Dördüncü

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Akkök Holding Board Member

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İhsan Gökşin Durusoy

General Manager and Board Member at Akiş GYO and Akkök Holding Executive Board Member

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Prof. Dr. Esra Erdal

Research Group Leader, Stem Cell and Organoid Technologies at IBG Center at DEU

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Daniel Kranzler

Senior Partner at Capria and Senior Advisor Wadhwani Foundation

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Mohammed Ozhan

Managing Director at Turk Telekom Ventures and Turk Telekom Group

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Şahin Tulga

Managing Partner at Mentoro Platform

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Şafak Müderrisgil

Founder and Chairperson of Eylemyap (Impact Investing Turkey)

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Sertac Yeltekin

Founder & Deputy Chair of the Executive Committee

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Advisory Board

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Omer Saatcioglu

Technology Consultant at McKinsey & Company

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Seckin Yelmen

Director at Turkey Development Fund, Development Bank of Turkey

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Mustafa Cakir

IP & Licensing Patent Attorney at Sabancı University

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Wolfgang Spiess-Knafl

Managing Director at European Center for Social Finance 

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Phone: +90 850 360 9677

Adress: WorqCompany Akasya AVM,  No:426B, 34660, Üsküdar, İstanbul


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