Internet Initiatives Development Fund

Established in 2013, the Internet Initiatives Development Fund (IIDF) is a prominent Russian venture capital firm dedicated to fostering the growth of early-stage technology companies. The fund focuses on providing financial and expert support to startups, aiming to create a robust infrastructure for small and medium-sized online businesses in Russia. IIDF operates a three-month accelerator program for pre-seed startups, having accelerated over 200 IT startups since its inception.

IIDF's investment strategy encompasses a wide range of sectors, including software, e-commerce, fintech, healthcare, education, media, entertainment, logistics, travel, artificial intelligence, machine learning, and food & agri-tech. The fund typically invests between $1 million and $10 million, targeting stages from pre-seed to Series B. Geographically, IIDF concentrates its efforts within Russia, seeking to bolster the domestic technology ecosystem.

The fund's approach combines financial backing with educational initiatives, aiming to enhance transparency and foster effective collaboration among entrepreneurs, investors, and state agencies in the venture capital landscape. By supporting startups across various industries, IIDF contributes to the diversification and innovation of Russia's technology sector.