Ministries of the Republic of Tatarstan Ministry of Economy of the Republic of Tatarstan

Fund of development of online initiatives will support start-ups and online business

2 November 2013, Saturday

The Fund of Development of Internet Initiatives (FDII) founded by Autonomous Non-Commercial Organization Agency of Strategic Initiatives on Promotion of New Projects began work in the current year. One of the main tasks of FDII is financial and expert support already at early stages of development of projects. Any citizen of Russia can register the Internet project: from a startup to successfully functioning online business which needs financing for further development, on the Fund site www.iidf.ru or www.фрии.рф. The volume of means under control of FDII is 6 billion rubles. Within 3 years it is planned to finance more than 400 Russian Internet projects.

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