We attended the UK Tech Investment Conference today, organized by the Department of International Trade.

The overall concept of the conference was to explain how a Turkish company can set-up a new business or expand its existing business in the UK and what are the key steps to follow. The various speakers focused on subjects such as business plan preparation, visa applications, bank account setting and more. The speakers also mentioned the various grants and funds presented both by the UK and the Turkish governments.

The main points that all speakers and panelists shared was that the entrepreneurs should have a clear business plan ready to enter the market, to develop the business and even to draft an exit strategy.

The UK ranks 6th at ‘ease of doing business’ and 80% of start-ups are international companies in the UK. Therefore it is a promising market especially for IT start-up companies.