Project Status Update – January 2024
The innovation initiative described in this article was established as an international platform intended to support innovation, technology cooperation, and market development across multiple countries and regions.
The initiative ceased all operational activities in December 2023 following a joint decision by the participating partners.
Since that time, there has been no active office, center, branch, or operational activity in Istanbul under this initiative, and Rhyton Solutions GmbH has had no ongoing operational involvement in it.
The initiative was a collaborative innovation project and did not constitute a separately registered branch or legal entity of Rhyton Solutions GmbH.
As of today, no managing director, shareholder, or employee of Rhyton Solutions GmbH has any ongoing operational role or involvement in this initiative.
Rhyton Solutions GmbH, a Germany-based, innovative-driven company focused on developing innovative and affordable software solutions in a joint-venture with Apomorphy, a Turkey-based company, today announced the official launch of the Istanbul House of Innovation and Technology (IHIT)in Istanbul, Turkey, to enable SMEs and high-tech startups to accelerate the development of highly differentiated, cutting-edge Software, IoT, Telecom, and Green Energy innovations.
“Over three years ago, we started the IHIT journey by following the innovation and have grown to be a global hub with capabilities across the full value chain. We support entrepreneurs and teams with a similar purpose and vision of delivering innovation that will benefit all parties. We expect the center will also contribute to our innovation pipeline,” remarked Masoud Hassani, Co-Founder, Chairman, and COO of Rhyton Solutions.
Innovator-Centric hub to Accelerate Growth and Possibilities
The IHIT is located in the Lotus Nishantashi, Istanbul, a prestigious location with excellent accessibility to the business areas of Istanbul, and will feature comprehensive research and marketing infrastructure and a professional management team. The IHIT will be equipped with state-of-the-art equipment and extensive research capabilities that enable teams and entrepreneurs to get their ideas off the ground. In addition, they at the IHIT will have potential access to support from Rhyton and Apomorphy on full industry value chain integration.
