About Internet initiatives development fund (iidf)
Internet Initiatives Development Fund (IIDF) is a leading accelerator program in Russia that aims to accelerate the growth of businesses in the online space. The program provides startups with access to funding, mentorship, and resources that help them scale their businesses quickly and efficiently.
IIDF was established in 2013 by the Russian government as part of its efforts to promote innovation and entrepreneurship in the country. Since then, it has become one of the most successful accelerator programs in Russia, having invested over $200 million into more than 500 startups.
The program is open to early-stage startups operating in various sectors such as e-commerce, fintech, healthcare, education, and many others. Startups that are accepted into IIDF's accelerator program receive up to $100k in funding along with access to a network of experienced mentors who provide guidance on business strategy, product development, marketing and sales.
One unique aspect of IIDF's accelerator program is its focus on building strong relationships between startups and corporations. The program has partnerships with some of Russia's largest corporations such as Sberbank and Mail.ru Group which provide startups with access to their vast networks of customers and resources.
In addition to funding and mentorship support, IIDF also offers a range of other resources designed to help startups succeed. These include co-working spaces where entrepreneurs can work alongside other like-minded individuals; educational programs that cover topics such as fundraising strategies; legal support for navigating complex regulatory environments; marketing support for building brand awareness; networking events where entrepreneurs can connect with potential investors or partners.
Overall, IIDF is an excellent choice for any startup looking for an accelerator program that provides comprehensive support throughout all stages of growth. With its extensive network of mentors and corporate partners combined with generous funding opportunities – it’s no wonder why so many successful companies have emerged from this innovative organization!