The foundation, which was granted tax exemption by a Cabinet decision, comprises academics, bureaucrats, and business professionals as its founders.

[3] The university was named after Nuh Naci Yazgan, a prominent businessman known for his contributions to Turkey's industrial development.

In 1927, he, along with fellow entrepreneurs Mustafa Özgür, Nuri Has, and Seyit Tekin, purchased and operated Millî Mensucat, one of the country's oldest factories, from the Treasury.

Established as the seventh textile factory in Turkey and the first in Adana, Millî Mensucat holds a significant place in the nation's industrial history.

Furthermore, NNY has agreements with Università Degli Studi Della Campania Luigi Vanvitelli in Naples in Italy, Universitatea Politehnica din București and Transilvania University of Brașov in Romania.