REACT refers to our motto of “Rethinking Valorization of Transformative Technologies”. Focusing on climate crisis, the biggest problem of humanity in 21st century, emergence of climate technologies appears in the center of all transformative technologies, presenting a rich opportunity with structural challenges. Hence, as TTGV, we have decided to start rethinking transformative technologies with a focus on climate technologies.
Many climate technologies depend on science-based laboratory work. Most projects with promising results in the laboratory hardly ever yield into a commercially viable product. In their essence, climate technologies challenge many of the existing technologies, and are often judged based on their commercial and technical performance merits. Moreover, markets expect these novel technologies to build at scale, which further complicates the commercialization process. The required scale and expertise result in a further complicated version of the classical and relatively straightforward VC approach that scales software-based technologies, which has been mainstream over the recent years. This observation leads us to the belief that commercialization of climate technologies is a demand side issue, as well as a supply side problem. The demand side aspect brings infrastructure investors to the table, in addition to the operators, as well as regulators. As TTGV, in recognition, we have decided to start a series of meetings which we hope will bring all the stakeholders around the table for the whole picture to emerge.
TTGV is looking for deep climate tech owners in Türkiye, aiming to adopt these owners and valorize their technologies with its Seed Program. However, the term valorization does not seem to be fully soaked in. Understanding the problems in commercializing climate technologies, discussing technology acquisition with key stakeholders, and capacity building via cause and effect relationship seem like the most important elements to fully equip and apply the valorization perspective. With our science and technology valorization business meetup series REACT, TTGV aims to implement a brand-new method of dynamic networking and interactive discussion, in order to make all transformative technologies shinein Türkiye, starting from climate technologies. The REACT community includes technology owners and candidates, deep tech investors, commercialized transformative technologyentrepreneurs, environmental consultancy firms, technology transfer offices, policymakers, corporate representatives and valorization units of entities from different backgrounds.
While we have launched the REACT series specifically focusing on climate technologies, in accordance with the current main focus of TTGV and because climate technologies are one of the most complex transformative technologies around, we are planning to expand our perspective to all transformative technologies and bring stakeholders with different perspectives together in the coming events. As TTGV has done since its foundation, we are aiming to once again rethink the current means of innovation with our community, react and touch our stakeholders in a unique way, and transform together.
TTGV is a non-governmental organisation with a public mandate to promote technology and innovation as a means for international scale competitiveness issue for the Turkish private sector. In recognition of the importance of the climate context in this regard, TTGV is currently focusing on climate technologies. It operates demand side programs to promote investment on emerging technologies from around the globe in Türkiye, as well as supply side measure to build communities of practice from professionals in all stakeholders involved, and programs to commercialize new technologies and clean production transformation in the Turkish industry.
