Internet Initiatives Development Fund - Wikipedia

Internet investment development fund. Internet Initiatives Development Fund (IIDF)

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    Rostelecom representatives will join the investment committee of the fund. The investment offer for start-ups will be reviewed, whereby pre-seed stage companies will get up to Rub 5 million of financing, while growth stage companies will be able to receive up to RUB 65 million.

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    From a growth perspective, I am pleased to see a stronger focus on innovative business streams, such as data centres, cloud, cyber security, smart cities, IoT to name but a few. The strategic partnership with IIDF is aimed at enhancing efficiencies in this area, identifying new growth drivers and expanding the ecosystem of digital services.

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    These drivers might not always be obvious given the increasing speed of technological developments — somewhat ambitious ideas today, they can conquer markets and geographies tomorrow. The Foundation invests in technology companies in the early stages of development, develops a network of start-up accelerators, and is involved in the development of methods of legal regulation of the venture industry. IIDF Invest invests in technology start-ups that are in their early stages.

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    Currently, there are operating businesses in the portfolio, of which about 50 are developing successfully both in Russia and internationally.