Sanofi Turkey and TT Ventures Partnership

Sanofi Turkey and TT Ventures Partnership Sanofi Turkey has signed a partnership with TT Ventures, the corporate venture capital company of Türk Telekom, to contribute to the healthcare startup ecosystem. Through the partnership, the aim is to support project development processes for entrepreneurs and create a scientific platform to convert value-added innovation and technology-based projects into products. Sanofi Turkey's PharmUp Entrepreneurship Program, launched in 2019, brings together entrepreneurs who can develop solutions for the healthcare sector. As of 2022, the company expanded the project and began efforts to transform PharmUp into a multi-stakeholder entrepreneurship platform based in Turkey to increase global competitiveness in the healthcare sector and strengthen the innovation ecosystem. Within this scope, the PharmUp Hub Platform was launched, one of Turkey's leading innovation interfaces in the digital health field. Under the PharmUp Hub Platform, Sanofi Turkey signed an important partnership with TT Ventures, the corporate venture capital company of Türk Telekom, to strengthen the healthcare startup ecosystem. Within the scope of the partnership, the goal is to support project development processes for entrepreneurs and create a scientific platform to convert value-added innovation and technology-based projects into products. Under the TT Ventures partnership, potential startups will be able to benefit from office workspace provided by TT Ventures, mentoring support, and accumulated knowledge for transforming startup ideas into products and services. Following the partnership process initiated between the two institutions, the platform is aimed to expand with participation from technoparks, joint incubation centers, and the private sector. Cem Öztürk, Country President of Sanofi Turkey and Head of Sanofi Turkey, Africa and Middle East Primary Care: "Since 2019, we have been bringing together entrepreneurs from all fields and sectors who can develop solutions for the healthcare sector through the PharmUp entrepreneurship program. As of this year, we have transformed the program into the PharmUp Hub innovation platform, which provides laboratories, thematic innovation programs, workshops, expert support and knowledge resources to startups, in cooperation with universities and incubation centers as well as corporate partnerships. The partnership we have established is an important step in achieving our goal. We are pleased that the support provided by this partnership will create value for both healthcare entrepreneurs and the national economy," he said. Muhammed Özhan, General Manager of TT Ventures: "As TT Ventures, the corporate venture capital company of Türk Telekom, we continue our efforts to contribute to the growth of the entrepreneurship ecosystem. We aim to benefit the national economy by supporting startups with innovative products. Since the sector's first startup acceleration program under the TT Ventures umbrella, PILOT, 104 startups have graduated, and 45 of these startups have received external investment. On the other hand, we have invested in 13 different startups. We particularly focus on areas that will create synergy with Türk Telekom, such as healthcare, education, artificial intelligence, digital solutions, financial technologies, blockchain, IoT and ICT. In this sense, we attach great importance to this partnership we have established with Sanofi, an important global healthcare company, in the digital health field. Through the TT Ventures Venture Capital Fund and PILOT, we are pleased to support ideas that will add value to the healthcare sector within the scope of the PharmUp program and create new opportunities. In this context, we believe our partnership will expand beyond Turkey in the near term and find its place in the global arena. With the aim of being a bridge that opens startups to the world, we will continue to develop the entrepreneurship ecosystem by adapting our technological knowledge to different projects," he said. Within the scope of the PharmUp Hub entrepreneurship program, the program continues to contribute to the entrepreneurship ecosystem through recently established partnerships with Başakşehir Living Lab, Teknopark Istanbul and Lokman Hekim University Health and Pharmaceutical Technology Center (LHUSTEK), and now with TT Ventures.