The fund of Development of Internet Initiatives declared the beginning of running selection of projects for funding

The Internet Initiatives Development Fund (IIDF) provides financing and specialists to online start-up companies at early development stages. IIDF intends to create new generation of online projects. There will be not less than 400 qualified start-ups which developed in the live environment with support of Fund specialists. IIDF will support educational, legislative and infrastructure projects which will assist development of the full market of small and medium Internet businesses in Russia.
Projects can claim for financing from $25 thousand to $9 million depending on a development stage (The analysts of Fund will indicate the projects development stages in the process of submitted applications analysis).
Applications are accepted at the following url www.iidf.ru or www.фрии.рф. Each project is evaluated by analysts of Fund on condition of providing all necessary data.