Internet Initiatives Development Fund (IIDF)

One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startups in their early development stages. IIDF has invested in 402 tech startups. The Fund invests between 2.5M and 324M rubles in tech companies at early stages, i.e. pre-seed, seed and series A. The Fund also plans to launch a variety of educational programs and to perform a number of legislative initiatives. These steps will help to increase transparency and ensure effective cooperation between entrepreneurs, investors, and state agencies in the field of venture capital investments in Russian online-projects. IIDF's mission is to make Russia more attractive for tech enterpreneurs. They want to make the Russian venture market understandable and accessible to anyone who wants to begin or grow their Internet businesses.