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Invest in Balıkesir


Ministry of Economy

Ministry of Economy provides support for investments for reducing regional development differences, increasing value added investments through incentives, improving production and employment figures, spreading research and development that would increase international competitive power. Investments in Balıkesir enjoy 3rd region incentives (in 6-region Turkish incentives system’s regional incentives); while investments made in OIZs in Balıkesir are eligible to receive 4rd region incentives. Region 5 incentives are applied to investments in turbine, generator and blade production needed for renewable energy sector.

Regional Incentive Practices

Customs Tax Exemption

Machinery and equipment to be imported in the investment that will benefit from incentive are exempt from customs tax.

VAT Exemption

Machinery and equipment to be purchased for the investment that will benefit from incentive are exempt from VAT.

Insurance Premium Employer Share Support

Through Insurance Premium Employer Share Support, insurance premium employer share for the additional employment within the scope of the incentive that corresponds to the minimum wage premiums are paid by the Ministry.

Tax Reduction

In investments subject to incentives, income and corporate tax are paid with reductions at rates stipulated separately for regions the investment is made.

Investment Site Allocation

In investments realized with incentive certificate, free site allocation can be made to hasten the investment in some cases.

Interest Support

In investment loans with at least one year maturity to be used within the scope of regional investment incentive, interest reduction support is provided.

Ministry of Energy and Natural Resources, Energy Sector R&D Projects Support


Businesses which create value-added, settled in Turkey and not located in free zones are eligible no matter what their sectors or sizes are.

Support Amount

Projects with a budget of maximum TL 1.000.000 can be supported; support percentage can be maximum 80% in grants.

Project Topics to Support:

a) Increasing usage of domestic energy resources

b) Renewable energy technologies,

c) Clean energy technologies,

ç) Energy electro-mechanics equipment production technologies,

d) Energy efficiency technologies,

e) Technologies reducing harmful emissions,

f) Combined cycle technologies,

g) Smart network applications in energy transmission and distribution systems.

Terms and Conditions

  • Basic research projects (which do not have any special application or usage; are experimental or theoretical works in order to acquire new information regarding the basics of observable facts), production oriented investment facilities, or projects to build pilot production facilities and/or infrastructure for laboratories are not supported.
  • Staff wages, service procurement costs, project staff and/or general directorate staff’s allowances and travel expenses within the scope of project, machinery-hardware, prototype template, software license, consumable material, laboratory test and analysis reports, expenses made in order to improve a device, customs expenses, and security costs can be supported according to the agreement.
  • Capital usage cost, depreciation, deposits, advance payments, distribution, marketing and advertising expenses, geographical indication and brand registry fees, secretary and similar administrative costs, incentives, motivation and similar expenses along with gross payments, welfare foundation fees,  congress, exhibition, seminar participation fees along with transport, allowance and accommodation expenses, fuel costs, office machinery, heating-lighting costs, office, warehouse, stand rental and similar costs, construction and installation costs, stationery expenses, and expenses which were made prior to the agreement are not supported.
  • Universities must be included as project partners.
  • Repaid support loans cannot be taken within the scope of the project
  • Support period is 2 years maximum. At most 2 additions of 6 months can be made to this time period.

Ministry of Energy and Natural Resources, Support for Projects to Increase Energy Efficiency


Except for legal entities which are actively in electricity generation business, all the businesses whose yearly total energy consumptions are 1.000 TEP and above, and which are producing any kinds of goods operating under the umbrella of a chamber of commerce/industry/commerce and industry.

Support Amount

Projects with a budget of maximum TL 1.000.000 can be supported; support percentage can be maximum 30% in grants.

Terms and Conditions

Efficiency Increasing Projects:

  • In industrial businesses whose yearly total energy consumption is above 1.000 TEP, one of the employees Is authorized as the energy manager. In the scope of energy management activities, measures are taken in order to increase energy efficiency.
  • In order to get energy manager certificate, a minimum 75 hours of participation in research-project educations is obligatory.
  • Businesses must have national or international ISO 50001 Energy Management System-Operating Manual and Conditions Standard document.
  • 5 project applications can be made per business, excluding projects whose implementations are completed.
  • Repayment period (which is calculated by dividing project cost to efficiency savings provided by implementation of project) must be 5 years maximum.
  • For the purpose of meeting the electricity needs of the facilities, electricity generation system and/or micro cogeneration or cogeneration systems (making sure it follows minimum efficiency values determined by the Ministry) can be established in a maximum 10 km radius; and can be funded up to 50% of the project cost.

Voluntary Deals:

  • An industrial business can make voluntary deal by committing to reduce average energy consumption per product (which is calculated by dividing the total energy consumption in 3 years prior to the application to the total amount of products produced) by 10%.
  • 20% of the energy expenses of the industrial business in the same year which deal is made are paid in the name of the business (not to exceed TL 200.000) once deal is done and commitment is fulfilled.
  • If the industrial business starts actively operating its modern waste incineration facilities, cogeneration facilities (which meet the requirements determined by the Ministry and were produced domestically), or renewable energy facilities, the amount of electricity produced in these facilities is subtracted from the average energy consumption per product calculation, for only once.
  • Industrial businesses which fulfill the criteria can receive the “energy efficiency label” (ENVER).

Agriculture and Rural Development Support Institution (TKDK)

TKDK supports renewable energy sector within its investment program.

Within the scope of the program, TKDK provides financial support in solar, wind, geothermal and biomass energy productions. License-free businesses for up to 1MW
installed power
are provided with non-repayable grant support.

Additionally, TKDK provides support to real or legal persons with commercial aims within the scope of “Diversifying Economic Activities and Business Development” support in installation of renewable energy facilities for only electricity production and sale.

  • Support for solar power systems, wind power, geothermal power and biomass systems
  • Support for renewable energy investments targeting businesses to meet their own energy consumption
  • Support for installation of Independent renewable energy facilities

International Loans

Application and evaluation processes for international loans are run by Turkish Development Bank.

For detailed info:

World Bank Funded Renewable Energy and Energy Efficiency Loan

Renewable Energy and Energy Efficiency Loan can be used in financing the investments such as materials, services and construction works related to energy generation and energy efficiency projects realized by the private sector.


Investors whose project subjects are in accordance with “Renewable Energy” and “Energy Efficiency” and follow the Turkish Environmental Legislation and World Bank Environmental Policy; as well as have necessary permits and documents which are hold obligatory by the related councils can benefit from the loans.

Loan Limit

Loan limit is $50.000.000 maximum.

Credit Facility Rate

Credit facility rate is maximum 75% of the investment.

Minimum amount of owners’ equity to be demanded is 15% for renewable energy projects while %25 for energy efficiency projects.

Credit Term

Credit term is to be determined at the end of credit evaluation process.

European Investment Bank Funded Environment and Energy Loan


Environment and Energy Loan can be used to finance projects of industrial facilities located in Turkey, in order to increase their performances in renewable energy, energy efficiency and environmental protection fields.

Investment Amount

Total investment amount is €50.000.000 for businesses which will be evaluated within the scope of loan.

Credit Facility Rate

50% of the investment will be financed with the loan.

Credit Term                             

Credit term is to be determined at the end of credit evaluation process.

JBIC Funded Renewable Energy and Energy Efficiency Loan


Renewable Energy and Energy Efficiency Loan can be used in order to finance the private sector investments of energy efficiency and renewable resources based energy generation facilities.

Loan Limit

Loan limit is to be determined at the end of credit evaluation process.

Credit Facility Rate

Credit facility rate is to be determined at the end of credit evaluation process.

Credit Term

Credit term is to be determined at the end of credit evaluation process.

German Development Bank (KFW) Funded Renewable Energy/Energy Efficiency Loan


Renewable Energy/Energy Efficiency Loan can be used in order to finance the private sector investments of energy efficiency and renewable resources based energy generation facilities.

Loan Limit

Loan limit is €50.000.000 maximum.

Credit Facility Rate

The project can be financed up to 80% of the total investment amount; yet credit facility limit for the German Development Bank is €15.000.000 maximum.

Credit Term

Credit term is to be determined at the end of credit evaluation process.

Islam Development Bank Funded Renewable Energy/Energy Efficiency Loan


Renewable Energy/Energy Efficiency Loan can be used in order to finance the private sector investments of energy efficiency and renewable resources based energy generation facilities.

Loan Limit

Loan limit is to be determined at the end of credit evaluation process.

Credit Facility Rate

Credit facility rate is to be determined at the end of credit evaluation process.

Credit Term

Credit term is to be determined at the end of credit evaluation process.

For further detailed info regarding international loans:

TTGV (Turkish Technologic Development Foundation) Environmental Project Incentives


All industrial establishments are eligible to receive funding.

Support Amount

  • Domestic technology and equipment usage and innovative and/or high-tech (material, electronics, software, etc.) applications will be privileged.
  • 50% of the project budget, up to $1.000.000, 4-year interest free loan (first year being nonrecourse) can be received. Energy efficiency supports are $100.000 at minimum.
  • Project duration cannot exceed 1.5 years.
  • 6% of the funding must be paid back to TTGV as services cost.

Supported Fields

a) Environmental Technologies Support

  • Waste reduction at source / waste recycling.
  • Reduction of water consumption / reduction of waste water creation at source.
  • Emission reduction at source
  • Reduction of raw material consumption.
  • Usage of non-dangerous or less dangerous chemical material.
  • Reduction of oil consumption / reduction of waste oil creation.
  • Environment-friendly technologies in energy generation and consumption.
  • New material/fuel/energy production from wastes (Priority: organic wastes – bio products)
  • Environment-friendly goods production
  • Industrial ecology (symbiosis) (e.g. physically close two businesses use each other’s industrial waste output in their own production process)
  • Carbon capture and storage system<span "color: #333333; background: white;">i

b) Energy Efficiency Support

  • Improvement of steam production and distribution systems<span "color: #333333; background: white;">.
  • Improvement of burning, heating and cooling systems.
  • Providing electricity savings through system optimization of fans, pumps, compressors, etc. equipment.
  • Increasing the efficiency of production technology.
  • Waste heat recovery
  • Optimization of processes (reduction of production time, heat or pressure levels) and business practices.

KOSGEB Thematic Project Support Program


  • SMEs
  • Professional organizations (i.e chambers, exchange commodities, confederations, federations, foundations, associations, cooperatives, small and organized industrial zone’s executive boards)

Support Amount

Grants and/or interest-free loans are available for SMEs. Support rate, duration, amount, and thematic fields are determined according to the calls for proposals. Support rate for professional organizations also is determined according to the related call for proposals.

Support rate is 50% in 1st and 2nd regions, while 60% in 3rd, 4th, 5th and 6th regions. Support limit is determined as TL 150.000 in grants. Program duration is 24+12 months.

Supported Fields

Staff net wages and travel expenses (excluding subsistence allowance), new machinery-equipment, software and hardware purchase or leasing expenses (excluding vehicles purchase and/or leasing), consumption material expenses, service procurement expenses, communication, mail, electricity, water, heating, machinery-equipment maintenance-repair.

Professional Organization Project Support Program

Only professional organizations are eligible for application.

Projects related to increasing employment and market-entry possibilities, improving human resources, environment and energy efficiency, work safety, technical legislation etc. can receive support.

Projects that are directly related to respective professional organization’s institutional activities are not supported.

Industry Theses Program (SAN-TEZ)

Industry Theses (SAN-TEZ) Program is a support mechanism aiming SMEs to gain an R&D and innovation culture, and make them adopt a habit of solving their problems in cooperation with universities using their expertise in their respective fields.


  • To institutionalize the cooperation between universities-industry-public sector
  • To help increasing Turkey’s competitiveness in international markets by supporting development of products and production techniques based on high technology and with high added value.
  • To help SMEs to adopt a technology and R&D culture.
  • To encourage SMEs to use high technology product and production processes.
  • To help SMEs which are unable to engage in R&D, technology and innovation practices with their own capital, through supports of both the universities and the state.
  • To commercialize the academic knowledge produced in universities.
  • To encourage creation of new businesses by popularizing the spirit of entrepreneurship among the academics and university graduates.
  • To encourage graduate or PhD students to choose their thesis subjects in a way which will help meeting the needs of SMEs in fields like new technologies in production industry, production management and R&D.
  • To help increasing the number of graduate and PhD students working in these project in order to increase the number of qualified personnel.
  • To enable thesis students who work on these projects to be employed as R&D personnel in these businesses in the future.


No matter what their sectors, sizes and partnership types (if there’s any), businesses located in Turkey which create high added value are eligible to benefit from SAN-TEZ for R&D and innovation projects which will be run in cooperation with universities.

Support Types and Rates

SAN-TEZ supports are given as grants for the projects. Project bugdet’s Ministry and business shares are calculated as follows:

a) If the project partner is a micro-enterprise, at least 15% of the budget is created by the business in cash while the Ministry can create 85% of the budget at most.
b) If the project partner is a small-enterprise, at least 20% of the budget is created by the business in cash while the Ministry can create 80% of the budget at most.
c) If the project partner is a medium-enterprise, at least 25% of the budget is created by the business in cash while the Ministry can create 75% of the budget at most.
ç) If the project partner is a big enterprise, at least 35% of the budget is created by the business in cash while the Ministry can create 65% of the budget at most.

For further info and required documents:

TÜBİTAK - Technology and Innovation Funding Programs Directorate (TEYDEB)

Industrial research and technology development; supporting, endorsing, monitoring innovation; improving university-industry relations are among basic functions of TÜBİTAK. Programs and activities created in order to realize these functions are run by Technology and Innovation Funding Programs Directorate (TEYDEB).

1501 - Industrial R&D Projects Grant Programme

Within the scope of Industrial Research, Technology Development and Innovation Projects Grant Program, in the framework of definition of ‘innovation’, R&D projects related to improving or developing an existing product, increasing the product quality or standard, or creating cost-reducing new techniques and production technologies are supported.

No matter what the applicant businesses’ sectors and scales are, basic support rate is 40%. Along with basic support rate and other additional supports, total support rate can be 60% maximum. Support duration can be maximum 36 months per project.

1503 - R&D Project Brokerage Events Grant Program

Within the scope of the program, national or international event organization expenses are supported. The events must have active participation of university, research and private sector institutions’ representatives and must aim knowledge/opinion exchange, creation of technologic and financial cooperation between the participators regarding project ideas within the framework of definition of project markets.

Not to exceed the limit which will be determined by TÜBİTAK, grants are provided to meet the demands (in a rate to be determined by TÜBİTAK, up to 100%) of the institution which will be organizing the event. Support payments are made prior to the event.

1505 - University-Industry Collaboration Grant Program

Applications to the program can be made as Client Institution and Executive Institution.

All the capital companies located in Turkey, no matter if they are SMEs or bigger scale enterprises, can apply to 1505 program as Client Institutions. Executive Institutions on the other hand must be universities, education and research hospitals, and public research centers and institutions.

Project budgets up to TL 1.000.000 can be supported.

Maximum support duration is 24 months.

Rate of budget TÜBİTAK will be assuming is 75% if the Client Institution is a SME while 60% if the CI is a bigger scale company. Rest of the sum will be met by the CI.

CI and TÜBİTAK will be transferring the necessary amounts of money starting from project start date, in 6 months periods and proportional to project expenses, to the special project bank account which will be created by the Executive Institution.

1507 - SME RDI (Research, Development & Innovation) Grant Program

With SME RDI Grant Program, producing a new product, developing and/or improving an existing product, increasing the quality or standards of products, or developing cost-reducing new techniques and new production technologies in order to overcome SMEs’ problems regarding production is aimed. Chosen 3 projects (which are to be executed by SMEs) are supported by TÜBİTAK with TL 500.000 budget and 18 months of duration. Additionally, in case project applications are made with partners, 2 more projects can be supported. Support rate is 75% and same for every term.

Project proposals are evaluated based on these three dimensions:

1st Dimension: Industrial R&D Content, Technology Level, Innovative Side

2nd Dimension: Suitability of Project Plan and Institution Infrastructure for Implementation of the Project

3rd Dimension: Possibility of Conversion of Project Output into Economic Value and National Gains.

1509 - TÜBİTAK International Industrial R&D Projects Grant Program

Support rate is 75% for SMEs while 60% for bigger scale enterprises; and there are no limitations regarding support amount and duration.

Staff, travel, tools, equipment, software and published material, consumption material, consultation and other service procurement, R&D service expenses are supported.

The objective of the program is to create market focused R&D Projects between European countries and to increase cooperation between Europe wide firms, universities and research institutions, by using cooperation webs such as EUREKA.


There are mainly two phases of the operation for the programme:

  1. The application and evaluation phase: The Company applies for the project. Then the project is taken for preliminary examination by a TEYDEB expert and sent to independent referees who will prepare the evaluation reports. Upon the completion of the evaluation reports the relevant technology group committee discusses the project proposal to give the final decision of acceptance or rejection.
  1. The monitoring and granting phase: For the accepted projects the project agreement is signed by the company and TUBITAK. Afterwards, the company can send the performance and expense reports to TUBITAK semi-annually during the project duration. The company’s expenses are examined and approved by Independent Finance Auditors. The project performance is followed up by the independent referee(s). The accepted amount of expenses is multiplied by the program’s grant ratio and the respective amount of grant is deposited to the company’s account.


1511 – TÜBİTAK Research Technology Development and Innovation Projects in Priority Areas G. P.

Supported projects are aimed to become accelerating and guiding factors in increasing technologic adequacy and accumulation of knowledge, utilizing readily available skills in different fields, and creating genuine technologies in mentioned fields.

Supports are given as grants and payment is made after the expenditure is documented. Support rates are 75% for SMEs while 60% for bigger scale enterprises. Additionally, a 10% general expenditures support is given to institutions.

1512 - Entrepreneurship Multi-phase Program

In order to enable personal entrepreneurs to create enterprises which would transform technology and innovation focused business ideas into innovative products, a 4-phase entrepreneurship support program was created with the aim of supporting all the activities from the idea phase to market phase.

Phase 1: Turning business idea into business plan.

Phase 2: Incorporation and technological verification support (TL 100.000, grants)

Phase 3: TÜBİTAK 1507 Support Program (TL 550.000, 75% grants)

Phase 4: Commercialization, project markets, venture capital firms.

  1. In Phase 1, amount and duration of support is determined in the call for determining the applicant institution within the scope of TÜBİTAK -1601.
  2. In Phase 2, including additional terms, support duration regarding business plans cannot exceed 18 months.
  3. In Phase 3, support durations mentioned in TÜBİTAK – 1507 are applicable.

For Phase 1, TÜBİTAK – 1601 terms and conditions are applicable.

For Phase 2,

  1. Techno-initiative capital support to be given as grants without demanding a deposit cannot exceed TL150.000. This amount consists of project support limit of TL110.000 and capital support limit TL40.000.
  2. Techno-initiative capital support limits can be increased by the Science Council.
  3. During the duration of support, techno-initiative capital support limit of the year when support decision was taken is applied to the business plan.

For Phase 3, terms and conditions mentioned in TÜBİTAK – 1507 are applicable.

1514 -Venture Capital Funding Program (GİSDEP)

Grant supports are given to SME scale, technology and innovation focused capital firms’ investments which have the traits mentioned below.

Seed Capital Support: Investments made in order to create a new product or service, or to develop a R&D, evaluation and start-up concept in order to create a new product/service or innovation which is on idea-level at the moment.

Initial Capital Support: Investments made in order to obtain additional finance for product development, prototype creation or production after prototype completion, sales and initial marketing activities.

Within the scope of the program, grants up to 20% of the total fund size of the Venture Capital Funds will be given.

1601 -Capacity Building for Innovation and Entrepreneurship Grant Program

Supports given within the scope of the program are grants. Support duration is announced in the call for proposals, not to exceed 36 months maximum. Support rate can be up to 100% of the project budget, while limits for project budget and support rates also are announced in the call for proposals.

1602 -TÜBİTAK Patent Support Program

In National Patent applications to be made to Turkish Patent Institute:

- Study Report Support,

- Research Report Support,

- Proxy Support for applications made with proxies.

- Patent Registration prizes will also be given to the Patent Owner and application processes’ Patent Proxies in case the patent is get.

In patent applications made to WIPO, EPO, USPTO and JPO:

- Application or Study Report Support,

- Research Report Support,

- Patent prizes will also be given in case the patent is get from EPO, USPTO or JPO.

To get more information and the documents needed for these incentives and other TÜBİTAK supports please visit:

South Marmara Development Agency Supports

South Marmara Development Agency (GMKA) provides grants to SMEs registered to Çanakkale and Balıkesir through “Call for Proposal” method.

Call for proposal is a support type where SMEs within a specific support program can submit project proposals within specified subjects and conditions. The support programs, which can be applied for at certain times of the year, have so far provided SMEs with support in producing machinery and equipment for renewable energy and meeting enterprises their own energy requirement and subjects and sectors to be supported can change each year depending on the program.

The projects sorted by the scores, are provided grants according to the program budget. Successful projects are provided 50% grants. Part of the grant is paid in advance to the companies to relieve financing problems. Active grant programs and current information on grant programs can be checked at