KOSGEB grant supports for young entrepreneurs in 2024 have been restructured to strengthen Turkey’s domestic production capacity and accelerate economic development. These supports provide the financial resources needed for entrepreneurs to turn their ideas into reality and help lay the groundwork for sustainable businesses.
The KOSGEB grant support for young entrepreneurs in 2024 continues to assist young people in the early years of their commercial activities who want to take a leap forward. State supports for young entrepreneurs increase their activity in business life and enable new projects to be launched, covering many headings across different sectors.
We have compiled the KOSGEB young entrepreneur grant application, eligibility requirements, required documents and other important details in this article. Here are the full details about supports for young entrepreneurs.
WHAT IS THE KOSGEB YOUNG ENTREPRENEUR GRANT?
The KOSGEB young entrepreneur grant is a financial support program designed to help entrepreneurs aged 18–30 bring innovative business ideas to life.
This program includes several financial support elements such as:
- Business establishment support,
- Machine and equipment support,
- Operating expenses support.
For example; within business establishment support, entrepreneurs can receive up to 2,000 TL as a non-repayable grant. For machine and equipment support, funding of up to 18,000 TL is available, typically covering 60% to 70% of eligible costs.
WHO IS ELIGIBLE FOR THE KOSGEB YOUNG ENTREPRENEUR GRANT?
KOSGEB young entrepreneur grants are offered to young entrepreneurs with innovative and technological business ideas. Applicants must meet certain criteria and submit their business plans to KOSGEB. Additionally, entrepreneurs are expected to complete the entrepreneurship trainings organized by KOSGEB and obtain the training certificate.
Young people who hold a KOSGEB entrepreneurship training certificate can apply to the grant programs offered by the same institution. Generally, those who can apply for the KOSGEB young entrepreneur grant are:
- Between 18 and 30 years old,
- Possessing an innovative and technological business idea,
- Having a KOSGEB entrepreneurship training certificate,
- Preparing a detailed and comprehensive business plan.
Anyone meeting these four main conditions can apply for the grants aimed at young entrepreneurs.
HOW TO APPLY FOR THE KOSGEB YOUNG ENTREPRENEUR GRANT
Applications for the KOSGEB young entrepreneur grant are made online through KOSGEB’s official website. The process requires applicants to first complete KOSGEB’s entrepreneurship training and obtain the training certificate.
After completing the training, entrepreneurs upload their business plans and project documents to the system to submit their applications.
Application steps for the KOSGEB young entrepreneur grant are generally as follows:
- KOSGEB Entrepreneurship Training
Applicants must complete the training provided by KOSGEB, which covers topics such as business plan preparation and market research.
- Business Plan Preparation
Entrepreneurs are expected to prepare a comprehensive business plan that explains the idea in detail and includes realistic financial projections.
- Online Application
The business plan and required documents are uploaded via KOSGEB’s e-services portal.
- Evaluation Process
Applications are reviewed by KOSGEB experts and a support decision is made based on the project’s suitability.
Note: The most important part of the application is a detailed business plan with realistic financial forecasts that highlights the project’s innovative aspects. Applications must be completed within the specified timeframe and all required documents should be submitted in full.
WHAT ARE THE CONDITIONS FOR THE KOSGEB YOUNG ENTREPRENEUR GRANT?
The conditions for the KOSGEB young entrepreneur grant in 2024 remain consistent. Young people who meet the eligibility criteria set by KOSGEB can apply.
Key eligibility conditions include:
- The entrepreneur must not have a tax registration within the last 3 years,
- They should have knowledge relevant to the intended business activity,
- No first-degree relative should already be performing the same business,
- The business must not be opened at an address where the applicant was previously employed as an insured worker,
- The applicant must have completed KOSGEB’s young entrepreneur training.
WHAT DOCUMENTS ARE REQUIRED FOR THE KOSGEB YOUNG ENTREPRENEUR GRANT?
Documents for the KOSGEB young entrepreneur support must be submitted completely. The institution typically requests five core documents for grant applications. Commonly required documents include:
- E-KOBI declaration (for tradespeople),
- KOSGEB commitment letter,
- Business plan,
- Other documents requested for SME commercial loans (for tradespeople),
- Course participation application form (for entrepreneurs).
Note: KOSGEB may request additional documents depending on the sector and the specifics of the project. The list above represents the general documents requested from most applicants.
HOW MUCH IS THE 2024 KOSGEB YOUNG ENTREPRENEUR GRANT?
The 2024 KOSGEB young entrepreneur grant amounts vary depending on the type of support requested. KOSGEB offers supports ranging from 2,000 TL up to 150,000 TL for young entrepreneurs.
Current support amounts include:
- Maximum grant support for young entrepreneurs: 150,000 TL
- Business establishment support: 2,000 TL
- Machine, equipment, office hardware and software support: 18,000 TL
- Operating expenses support: 30,000 TL
Note: The support amounts remained unchanged from the previous year. If updates occur during the year, the current figures will be announced through official channels.
HOW TO CHECK THE STATUS OF YOUR KOSGEB YOUNG ENTREPRENEUR GRANT?
You can check the status of a KOSGEB grant application through the Support Application and Implementation Process section on KOSGEB’s official website. It is also possible to query KOSGEB support via national e-government services for status updates.
WHAT IF MY KOSGEB GRANT APPLICATION IS NOT APPROVED?
If your grant application is not approved, contact KOSGEB to learn the reason for the rejection and to address any missing items. Review your application for possible errors and consult the application guides to correct them.
There is also a right to appeal a KOSGEB grant decision. Follow the procedures on KOSGEB’s e-service platform to submit an appeal against a rejection by providing the required information completely.
WHAT SUPPORTS DOES KOSGEB OFFER TO YOUNG ENTREPRENEURS?
For 2024, KOSGEB’s supports for young entrepreneurs aim to promote entrepreneurship and support economic development through a variety of financial aid programs. The main supports for young entrepreneurs are:
- Business Establishment Support: Non-repayable support of up to 2,000 TL to cover expenses during business setup.
- Machine, Equipment, Office Hardware and Software Support: Support up to 18,000 TL for necessary purchases. This support is applied at 60% in regions 1 and 2 and 70% in other regions. Higher rates may apply for women entrepreneurs, veterans, first-degree relatives of martyrs, or entrepreneurs with disabilities.
- Operating Expenses Support: Non-repayable support up to 30,000 TL to help cover business operating costs.
- Fixed Investment Support: Repayable financing up to 100,000 TL to support fixed investments.
These supports provide important financial resources for entrepreneurs to implement their ideas and build sustainable businesses. We have outlined the 2024 KOSGEB young entrepreneur grant application process, eligibility conditions, and required documents. If you have questions, comments or suggestions, you may share them in the comment section of the original publication.