Foundation for Internet Development-Initiatives

What is Foundation for Internet Development-Initiatives?

The Foundation for Internet Development-Initiatives, based in Moscow, Russia, is an accelerator that plays an active role in nurturing and advancing the growth of its portfolio companies.

Since its inception in 2013, the firm has dedicated itself to providing multifaceted support that extends beyond just financial investment. They engage in assisting with product development, boosting sales, and facilitating strategic partnerships with key customers.

Furthermore, they are a vital resource in attracting investors for subsequent funding rounds.

They offer a training program that is integral to the development of startup companies and enable them to co-locate by offering co-working spaces. The accelerator has a specific focus on IT and tech startups, looking to assist companies that are gearing up to go global.

Their efforts have shown tangible outcomes; they have contributed to the launch of over 450 startups, with an impressive collective valuation surpassing 4 billion rubles. Their reach extends to the assistance of more than 50 startups in their global market expansion, both financially and strategically, and boast a support network that includes over 2,000 experts and mentors in the tech field. The Foundation is recognized for its 'Go Global' initiative, a program that champions Russian IT companies in entering international markets with steadfast support.

They have created an ecosystem that goes beyond mentorship to include vital business services such as IPO preparation, offering a comprehensive suite of tools necessary for IT startups to achieve substantial growth and succeed in the global marketplace. Their commitment to innovation and entrepreneurship is evident through their dedicated support channels, active community engagement, and the fostering of technology solutions that resonate on a global stage.