The goal is to establish a startup and innovation ecosystem comparable to Singapore’s, and once that is achieved, investors will choose to invest and launch their ventures here instead of going to Singapore, he told the "Startup and Investment" talk show held in the city last week.

The COVID-19 pandemic, which has touched every aspect of society, has failed to cool down the startup and innovation spirit but, on the contrary, created major influence, contributing to economic development and recovery, according to insiders.