Turkish entrepreneur shares his success story

By Erdal Celikel

ANKARA

A Turkish entrepreneur, who began his business with small money that he generated by selling his wife’s bracelet, is now a founder of a company, which exports industry products to six countries.

"We began work with my own little resources. The government's support boosted our morale. I could not do it on my own," Zafer Durusoy, the founder of , said, as he told his company's success story to Anadolu Agency.

company, named , was established in 2006 and it operates in Hacettepe University's technology development zone -- Hacettepe Teknokent.

The research and development company works in the field of industry and nanotechnology, and it produces equipment used in and space technologies.

Durusoy said that they developed the company with support from KOSGEB, a state-run organization which serves small and medium enterprises.

The KOSGEB provides soft or non-recourse loans to help establish successful and sustainable enterprises.

"This is really important. I thank KOSGEB. They provided loans, they paid one of our employee's insurance," Durusoy said.

"We produced systems with that has not been known in society and we work on of them in industry. We produce sub-devices which are used in testing the manufactured products. We do not work directly in of weapons but we produce sensors," Durusoy explained.

First export

Space simulators are developed for Scientific and Technological Research Council of Turkey (TUBITAK) and Turkish company ASELSAN, Durusoy noted.

The company, which was established with small funds, became an exporter in 11 years, Durusoy and added that the company made its first export to the U.K. in 2008.

"Our domestic contribution to our product is around 75 percent. We import the rest of the goods," he said.

Durusoy noted that selling goods in the and nanotechnology sector is very difficult as there high competition and excess supply.

Besides the U.K., the company, which has to produce 30-40 devices per year, export their products to Egypt, Pakistan, Jordan, Iraq and Syria, he said.

Turkey's Deputy Prime Minister Mehmet Simsek also praised Durusoy's achievement by sharing his story on account.

"Here is of entrepreneurship," Simsek said.