Venture companies must aim to create or develop tools, techniques, materials, services or new products, methods, systems and production that have industrial, agricultural application and commercial market potential, or they must be in a position to achieve these objectives with management, technical or capital support.

Venture Capital Investment Trusts can only invest in joint stock and limited companies. It is mandatory for venture companies, which are limited companies as of the investment date, to complete the conversion process to a joint stock company within one year following the first investment date.

Venture Capital Investment Partnership is a joint stock company established with the permission of the Capital Markets Board and aims to invest in venture companies. Their establishments are subject to permission and are supervised by the Capital Markets Board throughout their activities. Therefore, Venture Capital Investment Trusts act in accordance with the Capital Markets Law and communiqués. The definition of Institutional Venture Capital Investment Trusts in the Capital Markets Board's Communiqué on Principles of Venture Capital Investment Trusts numbered III-48-3 is as follows: “Venture capital investment trust, venture capital investments within the procedures and principles determined by this Communiqué. , which is established to issue its shares in order to operate a portfolio consisting of capital market instruments and other assets and rights to be determined by the Board, or which is transformed through amendment of the articles of association, and which can engage in other activities permitted in this Communiqué, provided that it is within the framework of the activities limited in Article 48 of the Law, and has registered capital. It is a capital market institution that is a joint stock company subject to the system.

The fields of activity of Venture Capital Investment Trusts are listed below.

a) Can make venture capital investments.

b) b) In order to diversify their portfolios other than venture capital investments, they have access to capital market instruments traded or issued for trading on the stock exchange, reverse repo transactions on the stock exchange, Takasbank Money Market transactions and mutual fund participation shares, time and demand deposits and participation accounts in TL and foreign currency. can invest.

c) Participate in the management of venture companies in their portfolio.

d) May provide consultancy services to the venture companies in their portfolio.

d) May become a partner in consultancy companies established at home and abroad to provide consultancy services for venture capital activities in Turkey.

e) It can become a partner in portfolio management companies established domestically and portfolio management companies established abroad, but whose scope of activity is only domestically established venture companies.

f) BİAŞ can provide market consultancy services in the Emerging Companies Market.