Information

Internet Initiatives Development Fund (IIDF) is a venture fund that focuses on creating infrastructure and fostering conditions for the growth of businesses based in Russia. IIDF offers a range of benefits to entrepreneurs, including financial investments, mentorship, networking opportunities, and access to a broad ecosystem of industry experts. By targeting early-stage ventures and seed-stage companies, IIDF aims to support innovative startups in scaling their operations and achieving long-term success. The fund has a comprehensive program that includes business acceleration, educational workshops, and strategic advisory services, ensuring that startups have the necessary tools and knowledge to navigate the challenges of entrepreneurship.

How to Apply

To apply for funding from the Internet Initiatives Development Fund, interested startups should visit the IIDF website and navigate to the 'Apply for Funding' section. Here, applicants will find detailed instructions on the application process, including the submission of a business plan, pitch deck, and other relevant documents. The application process typically involves several stages, including an initial review, interviews, and due diligence. Successful candidates will be invited to join the IIDF program, where they will receive tailored support and investment to help grow their business.

Total number of startups invested: 448

Average Funding: The average funding round typically ranges from $50,000 to $500,000, depending on the stage and needs of the startup.

Industry: IIDF primarily focuses on technology-driven startups, including sectors such as IT, fintech, healthcare, education, and digital services.

Market: Russia