In a converted warehouse on a quiet side street off İstiklal Avenue, Ayşe Kaya's team of 45 engineers and technicians are assembling modular computing devices destined for markets across Europe and Asia. What began three years ago as a scrappy startup operating from a 200-square-meter space in Galata has evolved into one of Istanbul's most promising hardware companies, bucking the trend of manufacturing flight to cheaper labour markets elsewhere.
Kaya's company, which specializes in refurbished and modular electronics for small businesses and educational institutions, has grown revenue by 240 percent year-over-year since 2024. Operating margins hover around 18 percent—respectable for the sector—while her customer base spans 14 countries. The operation now occupies nearly 1,200 square meters across two floors in Karaköy, steps from the historic Galata Tower.
"Istanbul offers something unique," Kaya explained during a recent visit to her workshop. "We have access to a skilled workforce, reasonable commercial real estate compared to Western European alternatives, and we're positioned at the crossroads between European and Asian supply chains." Her facility currently processes around 1,200 units monthly, with orders forecasted to double by year-end.
The broader context underscores the potential. Turkey's electronics manufacturing sector, valued at approximately $32 billion annually, has traditionally focused on consumer goods assembly. Kaya's approach—emphasizing quality, repairability, and local expertise—represents a counternarrative. Her customers pay between 2,500 and 8,500 Turkish Lira per unit, positioning her products above disposable imports but below premium Western alternatives.
Beyond revenue metrics, Kaya's operation has become a quiet success story for Istanbul's entrepreneurial ecosystem. She employs technicians from across Turkey, many trained through partnerships with vocational schools in Sultangazi and Bakırköy. Her company also collaborates with Sabancı University's engineering program on apprenticeship initiatives.
Not everything runs smoothly. Supply chain disruptions, energy costs, and competition from established Asian manufacturers remain persistent headwinds. Yet Kaya's trajectory—from solo founder to operator of a thriving mid-sized enterprise—demonstrates that Istanbul can still be a launchpad for ambitious ventures willing to solve real problems with disciplined execution.
As the city continues its evolution, figures like Kaya remind us that innovation in Istanbul isn't confined to fintech startups or hospitality ventures. Sometimes it emerges from a workshop in Karaköy, where careful engineering and local conviction can challenge global norms.
This article was compiled by AI from the sources linked above and screened before publishing. See our editorial standards.