Teknopark Istanbul is a science and technology park which is being developed by the Undersecretariat for Defence Industries and the Istanbul Chamber of Commerce to contribute to Turkey’s technology development capacity for local and international entrepreneurs.
The concept of establishing Teknopark Istanbul rests upon decisions taken by the Defense Industry Executive Committee on October 8th, 1987 on the founding of an airport on the Asian side of Istanbul.
Upon this decision on the 20th of April 1988, the Council of Ministers allocated 13 million m2 of land to ITEP (Advanced Technology Industrial Park and Airport Project) for national use. 2,5 million m2 of this grant has been allocated for the use of Teknopark Istanbul.
The establishment process of Teknopark Istanbul project, one of ITEP's most critical projects, began with the signing of the Letter of Intent on the 12th of February 2009 by the three initial members of the Founding Committee; the Undersecretariat for Defence Industries (SSM), the Istanbul Chamber of Commerce (ITO) and Istanbul Commerce University (ITICU). Airport Management and Aeronautical Industries Inc. (HEAS) and Defence Technologies Engineerings and Trade Inc. (STM) joined these signatories to become founding members.