Frequently Asked Questions
What is Lonca?
Founded in 2017 by Kuveyt Türk Participation Bank, Lonca is an entrepreneurship center designed to empower tech-oriented startups with scalable business models. Our mission is to help startups refine their business model, forge strategic corporate partnerships, and build a sustainable future.
We provide the ideal workspace and strategic training to evolve your project, paired with dedicated mentorship and consultancy. Furthermore, we host events that connect you with fellow founders and the wider tech ecosystem. By joining Lonca, you gain access to Kuveyt Türk’s 30+ years of banking expertise and a network of high-impact industry partners.
Who can apply?
Lonca has no sector restrictions. We welcome any tech-based startup, as long as they have a scalable business model and a working prototype or product. We primarily look for startups that have already launched their product or service, reached a certain level of maturity, and are focused on growth.
When can I apply?
We accept applications year-round. Our evaluation and cohort admission processes happen periodically, yet you can submit your application at any time via our online application form. If your application is suitable for our program, we will include it to the relevant period.
Follow us on our social media channels to stay updated on the latest news and upcoming cohorts.
Where are you located?
Lonca operates out of its dedicated headquarters in the heart of Istanbul
Adress: Fulya Mahallesi, Büyükdere Caddesi No: 42-46, Doğuş Han, 1st Floor, Şişli / Istanbul.
How does the grant up to ₺400,000 work?
Each startup admitted to the Lonca Program is eligible to receive up to TRY 400,000 in grant funding. The funding is released progressively throughout the program, subject to the startup’s active participation, achievement of program commitments, and successful completion of key milestones.
Do we need to issue an invoice for the grant?
No. There is no requirement to issue or provide an invoice to receive the grant. The funds are deposited directly into our entrepreneurs' bank accounts as cash.
Is there a fee? Do you take equity?
Absolutely not. Lonca demands no fee, equity or options in exchange for its support or grants.
Can we use Kuveyt Türk APIs?
Yes! Startups looking to integrate financial APIs can access all available APIs in a test environment under the mentorship of the Kuveyt Türk API team. You can also request access to specific APIs tailored to your needs.
For more details, visit the Kuveyt Türk API Market page.
For more details, visit the Kuveyt Türk API Market page.