Last month, early stage venture capital firm/accelerator 500 Startups revealed  that it was expanding its operations around the globe, hiring six new partners to focus on specific regions, including Germany, the United Kingdom, Israel and Japan.

Now the firm has revealed a little bit more about one of those markets, Turkey, as 500 Startups announced on Monday that it has set up a $15 million micro-fund aimed squarely at that region.