Turkey’s largest technology and aviation event TEKNOFEST is hosting this year's Istanbul International Inventions Fair (ISIF), an annual exhibition on commercialization of patents, inventions, and new products.
The fair was opened by Mustafa Varank, the Turkish industry and technology minister, on Tuesday.
Addressing the event, Varank said the fair’s 6th edition includes 254 inventions, 72 of which are from 20 foreign countries.
He said Turkey rose to 41st place in the Global Innovation Index – an annual ranking of countries by their capacity for, and success in innovation – the best ranking in the country's history.
"Thanks to the works in the recent period and the Turkish Exporters’ Assembly’s strong cooperation with our ministry, we climbed 10 places [in the index]," he said.
According to the report, Turkey is among the countries which are "systematically catching up," and "have the potential to change the global innovation landscape for good."
"Turkey makes a big jump into the top 50 and continues to systematically catch up. It also hosts two leading science and technology clusters, Istanbul and Ankara," it said.
The six-day TEKNOFEST at Istanbul’s Ataturk Airport, which began earlier in the day, will continue till Sunday.