Assistive technology tools

Assistive technology tools for students or employees with disabilities

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Assistive technology tools for students or employees with disabilities

Country
Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Sub Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology
Indicative Return
Describes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market Size
Describes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct Impact
Describes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect Impact
Describes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8)

Business Model Description

Producing assistive technology tools for students or employees with disabilities

Expected Impact

This IOA will promote access to inclusive education, develop the human resources of the country and increase the value-added from education technology

How is this information gathered?

Investment opportunities with potential to contribute to sustainable development are based on country-level SDG Investor Maps.

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Country & Regions

Explore the country and target locations of the investment opportunity.
Country
Region
  • Turkey: Aegean Region
  • Turkey: Black Sea Region
  • Turkey: Central Anatolia Region
  • Turkey: Eastern Anatolia Region
Learn more

Sector Classification

Situate the investment opportunity within sustainability focused sector, subsector and industry classifications.
Sector

Technology and Communications

Development need
Technology is a cross-cutting sector for many SDGs. In terms of its performance on SDG 9 (Industry, Innovation and Infrastructure), Turkey faces major challenges. The country performs well-below the global long-term objective in indicators such as Expenditures on Research and Development and the Number of Researchers (per thousand employed people). (1)

Policy priority
The 11th Development Plan, the Sustainable Development Goals Evaluation Report, 2020 Annual Presidential Program and the 2019-2023 Strategy Plan of the Ministry of Industry and Technology all highlight the importance of technology for the achievement of the SDGs and stress the need to digitally transform the country’s economy as a prerequisite for competitive production.

Gender inequalities and marginalization issues
According to the Women in Tech Index, the percentage of female employment in technology is at a mere 9.91% in Turkey. 37.11% of STEM graduates are female. There is a gender pay gap of 8.42% between men and women in the tech industry. This necessitates policies and business models that promote the employment of women in technology with fair wages. (17)

Investment opportunities
The government intends to mobilize investment momentum in this sector. Existing incentives are offered by TUBITAK, KOSGEB, The Ministry of Industry and Technology and the Development and Investment Bank of Turkey. The importance of investing in this sector is increasingly evident with the outbreak of the COVID-19 pandemic, necessitating remote access to vital services

Key bottlenecks
The ability to compete on prices with imported technological products and services already present in the Turkish market; infant-industry problems. Ambiguity of the regulations in some of the latest areas of development such as IoT. Issues related to cyber security and data privacy.

Sub Sector

Technology

Development need
There is a growing need to adopt technology-integrated solutions in the education sector to increase the availability of pedagogical tools to boost learning outcomes, and grant access to remote learning services in light of the pandemic.

Policy priority
The Ministry of Education’s 2019-2023 Strategic Plan addresses the need to make digitalization and distance learning more prevalent in the education system.

Gender inequalities and marginalization issues
According to the Women in Tech Index, the percentage of female employment in technology is at a mere 9.91% in Turkey. 37.11% of STEM graduates are female. There is a gender pay gap of 8.42% between men and women in the tech industry. This necessitates policies and business models that promote the employment of women in technology with fair wages. (17)

Investment opportunities
Tübitak offers financial support for SMEs' R&D projects for manufacturing a new product and the development and improvement of an existing product. Other incentives are offered by the Ministry of Industry and Technology and the Development and Investment Bank of Turkey. This area has high policy momentum, and new investment opportunities are supported by the government.

Key bottlenecks
While it is vital to develop new technologies to increase access to education, it is also important to note that some students do not have access to the telecommunications infrastructure in the country to access these products and services. The public sector has to take initiative for service provisions.

Industry

Software and IT Services

Pipeline Opportunity

Discover the investment opportunity and its corresponding business model.
Investment Opportunity Area

Assistive technology tools for students or employees with disabilities

Business Model

Producing assistive technology tools for students or employees with disabilities

Business Case

Learn about the investment opportunity’s business metrics and market risks.

Market Size and Environment

Market Size (USD)
Describes the value in USD of a potential addressable market of the IOA.

> USD 1 billion

The global assistive technology market will reach 26 billion USD by 2024, nearly doubling from $14 billion in 2015 (7)

Indicative Return

IRR
Describes an expected annual rate of growth of the IOA investment.

> 25%

The return profile was estimated by the stakeholders interviewed in this field

Investment Timeframe

Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.

Short Term (0–5 years)

These investments will generate a cash-flow between the short to medium-term as the necessary regulatory and market frameworks are already established, and as they are not highly capital intensive, depending on the level of the technology involved

Ticket Size

Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.

< USD 500,000

Market Risks & Scale Obstacles

Market - High Level of Competition

The presence of readily-available international competitors might have limited efforts to produce such technologies domestically.

Impact Case

Read about impact metrics and social and environmental risks of the investment opportunity.

Sustainable Development Need

The UN Disabilities and Development Report outlines how the inclusion of persons with disabilities is an essential theme among all SDGs. (18)

SDG 4 calls for guaranteeing equal and accessible education by building inclusive learning environments and providing the needed assistance for persons with disabilities

Globally, the share of persons with disabilities under the national/international poverty line is higher, and in some countries double, than that of persons without disabilities. (18)

Gender & Marginalisation

According to the social and economic data on persons with disabilities collected by the General Directorate of Services for Persons with Disabilities and Elderly People and Turkish Statistical Institutions (TURKSTAT), 41,6 % of disabled individuals registered in the database are illiterate (8)

The Ministry of National Education reports that, in the past 20 years, the number of disabled students in the education system has reached approximately 289 thousand (9)

Half of the children with disabilities aged 6 and above cannot read or write (9)

Expected Development Outcome

Increase the accessibility of special needs education; work towards achieving "inclusive and equitable quality education and lifelong learning opportunities for all" in line with SDG 4

Increase the integration into the labor force of persons with disabilities through customized training programs and education technologies

Gender & Marginalisation

Reducing quality education access gap to special needs population who are often disregarded and marginalized

Primary SDGs addressed

Quality Education (SDG 4)
4 - Quality Education

4.a.1 Proportion of schools offering basic services, by type of service

4.5.1 Parity indices (female/male, rural/urban, bottom/top wealth quintile and others such as disability status, indigenous peoples and conflict-affected, as data become available) for all education indicators on this list that can be disaggregated

Current Value

0.99 GPI (for gender parity). No other index is available (10)

Target Value

A GPI of 1 indicates parity between the different groups

Secondary SDGs addressed

Decent Work and Economic Growth (SDG 8)
8 - Decent Work and Economic Growth

Directly impacted stakeholders

People

Students and trainees with disabilities, caregivers, teachers, corporate employees

Gender inequality and/or marginalization

Students and trainees with disabilities

Corporates

Education technology and service providers, special needs schools

Public sector

Public schools, Ministry of Education

Indirectly impacted stakeholders

People

The overall workforce due to the improvement in literacy and skill levels

Corporates

Internet service providers

Public sector

Education institutions that will be better equipped to address the special needs of the students with disabilities

Outcome Risks

Although most assistive technologies aim to restore the autonomy of disabled persons, there is also a risk that supposed autonomy could turn into isolation and social indifference. (8)

Impact Risks

Execution Risk: The probability that the activities are not delivered as planned or do not result in the desired outcomes

Impact Classification

B—Benefit Stakeholders

What

Important, positive outcome: access to inclusive education.

Who

Students with disabilities, schools and teachers, content and technology providers directly benefit from the promotion of these business solutions.

Risk

Low Risk (Malfunctioning devices or technology errors might pose low-likelihood risks for users.)

Impact Thesis

This IOA will promote access to inclusive education, develop the human resources of the country and increase the value-added from education technology

Enabling Environment

Explore policy, regulatory and financial factors relevant for the investment opportunity.

Policy Environment

(11th Development Plan): The 11th Development Plan addresses increasing the accessibility of education by improving the human and physical facilities of schools for those with special needs.

(Ministry of Education’s 2019-2023 Strategic Plan): The Ministry of Education’s 2019-2023 Strategic Plan addresses the need to make digitalization and distance learning more prevalent in the education system.

(2020 Presidential Program ): The 2020 Presidential Program stresses the need to develop the human resources of the country in a way that produces positive economic and social externalities and the importance of ensuring the accessibility of education and the availability of lifelong education opportunities

Financial Environment

Financial incentives: Tübitak offers financial support for SMEs R&D projects manufacturing a new product or improving an existing product

Other incentives: The Ministry of Industry and Technology and The Development and Investment Bank of Turkey established "The Technology and Innovation Fund" to finance innovative tech. based companies/projects

Regulatory Environment

(Regulation): Article 42 of the Turkish Constitution, on the basis of the principle that no one can be deprived off the right to education and training, requires meeting the needs of those who need special education.

(Regulation): Article 15 of the Disability Law No. 5378 states that the provision of materials such as braille, audio or electronic books; subtitled, audio-descriptive or sign-language films and etc are carried out by the Ministry of Education and the Ministry of Culture and Tourism.

(Regulation): Article 24 of the United Nations Convention on the Rights of Persons with Disabilities, to which Turkey is a party, defines the issue of the right to education of people with disabilities in the context of equality of opportunity and calls for necessary action to be taken

Marketplace Participants

Discover examples of public and private stakeholders active in this investment opportunity that were identified through secondary research and consultations.

Private Sector

The special needs content and providers, commercial banks with R&D credit lines such as İş Bankası; individual and angel investors such as Galata Business Angels, Sabancı Vakfı etc.

Government

The Ministry of Education, TÜBİTAK, the Ministry of Industry and Technology, the General Directorate of Services for Persons with Disabilities and Elderly People

Multilaterals

UNICEF

Non-Profit

The Inclusive Education Association (“Kapsayıcı Eğitim Derneği”)

Target Locations

See what country regions are most suitable for the investment opportunity. All references to Kosovo shall be understood to be in the context of the Security Council Resolution 1244 (1999)
country static map
semi-urban

Turkey: Aegean Region

According to the Ministry of Family and Social Services, the highest proportion of people with at least one disability in Turkey is in the Black Sea, Eastern Anatolia, Central Anatolia and the Aegean Regions (19).
semi-urban

Turkey: Black Sea Region

According to the Ministry of Family and Social Services, the highest proportion of people with at least one disability in Turkey is in the Black Sea, Eastern Anatolia, Central Anatolia and the Aegean Regions (19).
semi-urban

Turkey: Central Anatolia Region

According to the Ministry of Family and Social Services, the highest proportion of people with at least one disability in Turkey is in the Black Sea, Eastern Anatolia, Central Anatolia and the Aegean Regions (19).
semi-urban

Turkey: Eastern Anatolia Region

According to the Ministry of Family and Social Services, the highest proportion of people with at least one disability in Turkey is in the Black Sea, Eastern Anatolia, Central Anatolia and the Aegean Regions (19).

References

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