Dec 13 – 14, 2025 HYBRID
Erzurum, Turkiye
Europe/Istanbul timezone

Evaluation of Entrepreneurial Projects Using Multi-Criteria Decision-Making Methods: the Case of the KOSGEB Entrepreneurial Support Program

Dec 13, 2025, 3:45 PM
15m
D/1-2 - Hall 2 (Campus VSTS)

D/1-2 - Hall 2

Campus VSTS

20
Oral Presentation Industrial Engineering and Operations Research Optimization Control and Decision Making

Speaker

Halil barış Gezmiş (Atatürk üniversitesi)

Description

Allocating public funds to the most suitable entrepreneurial projects is critical for ensuring resource efficiency. Since this allocation also influences economic growth, the project evaluation process requires a precise approach. This study presents a model for the KOSGEB Entrepreneur Support Program designed to remove subjectivity and establish a balanced evaluation framework. To achieve this, the Level Based Weight Assessment (LBWA) method was employed. The analysis incorporates perspectives from experts, academics, and jury members. Notably, the study integrates these opinions into the weighting calculations using a specific coefficient system based on each evaluator's professional experience and past performance
The proposed model assigns a weight of 60% to KOSGEB experts and 40% to independent evaluators. Results indicate a distinct divergence in the priorities of these groups: experts prioritize technical infrastructure and experience, while academics emphasize economic and strategic contributions. Under the two-stage evaluation system, 'Economic and Strategic Contribution' emerged as the highest-weighted criterion for board assessments. Conversely, in jury evaluations, 'Entrepreneurial Competence'—specifically the level of project mastery—held the most weight. Ultimately, the study highlights the necessity of striking a balance between technical feasibility and strategic vision. As one of the pioneer applications of the LBWA method to public support mechanisms in Türkiye, this research addresses a significant gap in the literature.

Keywords Multi-Criteria Decision-Making (MCDM), Entrepreneurship, KOSGEB, LBWA, Project Evaluation.

Authors

Halil barış Gezmiş (Atatürk üniversitesi) Prof. Elif KILIÇ DELİCE (Department of Industrial Engineering, Institute of Science, Atatürk University, Erzurum, Türkiye)

Presentation materials

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