In the last few decades, most middle-income countries around the world have been unable to graduate to the high-income class. Those countries are presumed to struggle with an economic phenomenon called the “middle income trap” which describes the case in which productivity cannot be further raised and competitiveness is lost to some extent. On the other hand, endogenous growth models suggest that a country’s ability to generate persistent levels of welfare hinges upon the technology and innovation that it employs. Therefore, technological development has long been regarded as a way out, to bypass the so-called trap for middle-income economies, including Turkey. What is more, today, even the advanced economies prioritize their policies on high technology as the main driver to uplift the prevailing stagnant economic performances. Within this framework, industry lies at the core of those modern vital efforts.