Mentoring is the Key factor for Entrepreneurial Success, YFYI Example

With the progress of technology in order to gain sustainable development, it becomes crucial for SMEs to produce high value added products. With this aspect, Turkish government put Technology Development Zones law into force in order to boost technology oriented economy in Turkey. This law was the driving force for the formation of technology development zones which play a major role to increase R&D and innovation potential of Turkey, while supporting the production of value added goods and services. As known, service mechanisms that are offered by AOIs and STPs for entrepreneurs is significant for technological development. Therefore, in this study, the importance of globalization and mentorship mechanisms of AOIs and STPs for entrepreneurial success are discussed. In order to clarify the topic, a case study is conducted about YFYI, ODTU TEKNOKENT’s entrepreneurship program. Through this case study some important success factors are brought to light.