ACT VENTURE PARTNERS Gokhan GUNER Structuring University Spin-offs GlakoLense – A Boğaziçi University Case

ACT Fund This project is co-financed by the European Union and the Republic of Turkey This financing is provided from IPA funds allocated to Regional Competitiveness Operational Programme which is supported by EU and Republic of Turkey. The Contracting Authority is the Ministry of Science, Industry and Technology – DG for EU and Foreign Affairs – Regional Competitiveness Operational Programme Coordination and Implementation Directorate, and the End Recipient is the Scientific and Research Council of Turkey (TÜBITAK)

ACT Fund Summary ACT Fund, managed by ACT Venture Partners, is an early stage technology intensive VC fund for Turkey. Total Fund Size: EUR 22,5M Investors: European Investment Fund (EIF) and Turkish and international private investors Investment Size: 200k – 2.5mn EUR Thesis: Deep Tech; Global Potential w. Competitive Business Models; Innovative, Passionate, Intl. Entrepreneurs Investments-to-date: 11 startups and 11 proof-of- concept projects Bogazici Uni. Spin-off Medical Devices Bogazici Uni. Start-up Life Sciences ODTU Teknokent Start-up Medical Devices Ozyegin Uni. Spin-off Industrial Biotech Bogazici Uni. Teknopark Start-up ICT ITU Teknopark Start-up ICT TUBITAK MAM Start-up ICT ITU Teknopark Start-up ICT 4 MORE ON THE WAY Kolektif House Start-up ICT Kolektif House Start-up ICT Bilkent Cyberpark Start-up ICT

ACT Fund 11 4 Numbers # of Turkish startups 20+ 100+ 1000+ TECHS IoT Telecom Biosensors Drug Delivery Machine Learning Cyber Security Bioextraction Ultrasound Big Data AI 100+ # High-tech Jobs 1000+ # Evaluated Projects 11 # of Turkish startups 4 # Women Entrepreneurs 20+ # Patent Applications

Commercialisation Model Glakolens Commercialisation Model TECHNOLOGY PARTNER University, Technopark, TTO, Incubator, Research Center STARTUP TEAM Entrepreneurs, Mentors, Advisors, Team IP, R&D support Idea, Operations, Passion, Everything Else INVESTOR Angels, VC Funds Capital, Corp. Governance

Glakolens Prerequisites Proof of concept demonstrated in lab setting IPs are licensed/acquired by the startup from the university and inventors Foreground IP sharing resolved among the startup, inventors (academics), and university Commitment of inventors/academics to the startup clarified Entrepreneur engaged or leading the spin-off process Business Plan completed

Glakolens ACT’s Contribution Team formation Legal and IP structure and agreements Business Plan refinement including product market fit and IP strategy Financial planning including next investment rounds Corporate governance