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

2. 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)

3. 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

4. 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

5. 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

6. 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

7. 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