'Angels' chasing investments in Turkey

Angel investors, who are widespread in Europe and the United States, have been expanding rapidly in Turkey for the past two years. Investors who support new entrepreneurs with capital infusion and advice are called "angels." But for some, these angels are also "investment hunters" who seek profitable investment opportunities for themselves.

In Turkey, angel investors are encouraged with tax breaks. But to benefit from such subsidies, investments should be innovative, research and development-oriented and high-risk companies with rapid advancement prospects.