ABSTRACT
Innovation and technological advancement are the main inputs of firm and aggregate level growth. Intensive digitalization in Industry 4.0 reveals that startups play a central role in innovation and its commercialization. This chapter investigates the role of government in the development of innovation. As a case study analysis, we utilize Turkish gaming and technology startups such as Peak Games, Dream Games, Hepsiburada, Getir, and Trendyol. Our experimental analysis shows that emerging market tech startups may reach global venture capital investors and quickly increase their market value. Turkish experience would be inspiring for other emerging market startup ecosystems in the sense that local entrepreneurship and startup ecosystems may go global despite the lack of sound institutional support from the state.
