IIDF Internet Initiatives Development Fund
Since 2013
Russia
Central Federal District of the Russian Federation
Moscow
Serebryanicheskaya embankment, d. 29
Top managers:
Varlamov Kirill Viktorovich
Assets | Owners |
+ Internet Initiatives Development Fund (IIDF) |
The Internet Initiatives Development Fund (IIDF) was created by the Agency for Strategic Initiatives in March 2013 at the suggestion of President Vladimir Putin. The key tasks of the IIDF are financial and expert support of projects on the Internet at all stages of development, search and selection of startups and their subsequent bringing to a high degree of maturity.
The value of the shares owned by the IIDF in portfolio projects for February 2019 is estimated by the fund itself at 5.5 billion rubles. In total, there are about 350 existing IT startups in the portfolio, according to IIDF, their capitalization exceeds 20 billion rubles, and by the end of 2019 it may reach 30 billion[1].
2024
Investments of ₽100 million in the management accounting and business analytics service "Financier"
The Internet Initiatives Development Fund (IIDF) increased its stake in Financier to 12.75% after investing ₽100 million in the form of a convertible loan. Representatives of the fund announced the completion of the transaction on October 24, 2024. Read more here
IIDF estimated the value of its portfolio at 7.3 billion rubles. That's double the investment
As of the beginning of October 2024, the value of the portfolio (shares in IT startups) of the Internet Initiatives Development Fund (IIDF) is 7.3 billion rubles. This is almost twice the volume of investments of this organization in young companies. Such figures were revealed on October 3, 2024 by Sergey Alimbekov, Deputy Director for Technological Development of the Fund.
The IIDF provides money and expertise to prepare the IT startup for growth and international expansion. Investments range from 5 million to 65 million rubles. Alimbekov emphasizes that the fund invests not public funds, but money from private companies. The organization is engaged in capital investments, while receiving a share in a startup. Some of the financed projects are subsequently bought out by large corporations.
 | We earned not huge money by venture standards, but we broke even, "Alimbekov notes. |  |
The published materials say that thanks to the activities of the IIDF, more than 30 thousand jobs have been formed. Over 650 thousand people have passed through the educational activities of the fund. In total, about 4.6 billion rubles were invested in 460 startups. The total capitalization of active companies in the IIDF portfolio is 53 billion rubles. Priority areas for investment are telecommunications, telemedicine (remote health monitoring, information systems for medicine), corporate and platform software (ERP, ECM, CRM and other automation systems), educational technologies, big data and machine learning, information security (cryptography, combating virus/DDos attacks, protection against fraud), Internet of Things, advertising technologies, media (online distribution services of video content in web and mobile phones).[2]
"IIDF Accelerator" became RITA operator
The IIDF Accelerator became the operator of the Retail Innovation Tech Alliance (RITA), which includes five retail companies. In 2024, RITA is headed by two managing partners - X5 Group and Hoff, while Lenta, Rolf and Magnum continue to actively participate as partners. Yandex Cloud will continue to act as a technological partner of the Alliance. The IIDF announced this on May 13, 2024. Read more here.
Launch of an accelerator for investing in IT startups up to 200 million rubles
In February 2024, the Internet Initiatives Development Fund (IIDF) launched a new accelerator for investing in IT startups. Applications for participation in the program are accepted until April 21, 2024.
As part of this accelerator, startups that have been selected for the new accelerator will receive initial investments in the amount of 5 million rubles. After achieving the goals of acceleration and the development of a repeatable business model, they will be able to claim a second tranche of up to 30 million rubles.
The total volume of seed investments that the fund allocates to each successful company can reach 200 million rubles (subject to a share of up to 49%). By the end of 2024, IIDF plans to become an investor for 15 IT projects. As priority areas for investment, the fund chose:
- Telecommunications (IT solutions for optimizing the cost of information transfer, replacing equipment with software, etc.);
- Enterprise and platform software (ERP, ECM, CRM and other automation systems);
- Niche products and solutions (marketplaces, fintech, entertainment services and other promising niche solutions);
- Educational technologies (online training, Internet diaries, knowledge management systems, etc.);
- Big data and machine learning (solutions for collecting, storing, processing and analyzing large amounts of information, products based on data analysis);
- Information security (cryptography, combating virus/DDos attacks, protection against fraud);
- Advertising technologies;
- Media.
Under the terms of the program, in order to receive investments, companies must meet the following criteria: have a finished IT product, have monthly sales revenue of at least 500 thousand rubles, be registered in the Russian Federation and have at least 25% of the share of ownership of Russian citizens.[3]
Allocation of up to 3 billion rubles for investing in 15 startups
The Internet Initiatives Development Fund (IIDF) allocates up to 3 billion rubles for investing in 15 startups in 2024. This was announced in early February 2024 by the accelerator director Dmitry Kalaev.
According to him, each of the 15 projects will be able to apply for financing in the amount of 30 million to 200 million rubles. Thus, the minimum amount of investments of the fund in 2024 should be 450 million rubles.
As Vedomosti notes in the issue of February 1, 2024, recently the IIDF switched to work according to the dividend model: if earlier the fund was focused on finding "unicorn" companies that, as a result of investments, go to IPOs or are included in the perimeter of the investor-strategist, now it has begun to earn on dividends of financed companies.
In January 2024, the IIDF launched 10 selections for the Sprint accelerator. This is an intensive development program for developers of IT solutions in the field of new communication Internet technologies: products for content management, data processing, online training, collaboration, etc. A total of 392 finalists of previous Sprint selections attracted 102,954 new users and received about 584 million rubles of new revenue, the fund noted.
The head of the IIDF attributed information security, computer vision, logistics, insurance, system integration, navigation, pharmacology, smart home technologies and big data processing to the most growing markets in Russia. Among the "overheated" niches are aggregators, AdTech, VR and AR.
The founder of the analytical company Dsight Arseny Dabbach, in a conversation with the newspaper, noted that by the beginning of 2024 there are about 12-13 thousand startups in Russia, another 500-1000 projects appear at an early stage. The problem is that only dozens of them can be considered "tenacious" in the long term, said Maxim Tagirov, head of the support department for technological teams and entrepreneurs of the NTI Platform.[4]
2023
Investment in Jaky
At the end of October 2023, the Internet Initiatives Development Fund (IIDF) announced an investment of a total of 35 million in seven startups as part of its 19th accelerator set. Among them was the Jaky website creation service. Read more here.
Investment in ServiceGuru
At the end of October 2023, the Internet Initiatives Development Fund (IIDF) announced the investment of 5 million rubles in seven startups of its 19th set of accelerators. ServiceGuru has become one of the projects invested by the fund. Read more here.
Investment in SalesAI
On September 7, 2023, SalesAI announced the attraction of 7 million rubles of investments from the Internet Initiatives Development Fund (IIDF). According to the results of this round of financing, the startup was estimated at 100 million rubles. As part of this transaction, IIDF received 7% of SalesAI. SalesAI plans to use the funds received from the IIDF to strengthen the engineering team and accelerate the development of the strategy for bringing products to market. Read more here.
Lawsuit against Roomberry founder
In mid-June 2023 Internet Initiatives Development Fund (IIDF) , he filed a lawsuit against the founder and former owner of the service for finding apartments in new buildings "" Rumbury Mikhail Khaikin. More. here
2022
Investing 2.25 billion rubles in Russian startups
In mid-November 2022, the Internet Initiatives Development Fund (IIDF) announced an update to its strategy: now it intends to focus on pre-seed and seed rounds. He will invest 2.25 billion rubles in Russian startups. The report of the fund notes that the active investment phase of the IIDF is designed for at least three years.
Annually, the fund will be invested in about 20 companies at the pre-seed stage, in three to five companies at the seed stage, two more at stage A, and the total investment will be about 750 million rubles a year. The IIDF will also continue to sell stakes in portfolio companies, so the amount of investment can be increased.
| | Now Russian entrepreneurs again need support in the Russian market, first of all - in the early stages. Therefore, we are partly returning the sowing format of activity, as it was a few years ago. The current task in the context of an extreme shortage of investments in the market is to provide an opportunity for several dozen startups to implement their ideas. We see opportunities for the development of startups both in the Russian market and in global markets, mainly friendly countries, - said Kirill Varlamov, director of the IIDF, through the press service. | |
Funding will include funds received from previous exits. Reportedly, the shareholder of the fund - Rostelecom - supported the expansion of the investment strategy of the IIDF.
| | From the point of view of Rostelecom, the fund's task is to find startups that can replenish the ecosystem of innovative digital services and stimulate business growth, the IIDF said in a statement. | |
According to a study by Dsight, in the first half of 2022, only 84 transactions took place in the Russian venture capital market, which is half as much as a year earlier, and is the lowest since 2016.[5]
Sale of a stake in the developer of digital tools for pathomorphological diagnostics "Unim"
On August 17, 2022, the Tashir Medica investment holding informed Zdrav.Expert about the redemption of 100% of the shares of Unim, the Skolkovo residency center, which develops digital tools for pathomorphological diagnostics based on its own laboratory. The amount of the transaction was not disclosed. Read more here.
| | "Having invested in Unim in 2014, IIDF has come a long way with the team from acceleration to a deal to sell to a strategic investor. The team managed to scale the business model and bring the startup to the stage of sustainable development, "- commented on the deal, IIDF Investment Director Maxim Steigerwald. | |
Sale of 30% of BFG Group to Russian IT company
On July 12, 2022, it became known that Skolkovo Ventures and the Internet Initiatives Development Fund (IIDF) sold almost 30% of BFG Group to the Center for Effective Production Solutions (CEPR), specializing in industrial equipment maintenance. Read more [[BFG Group
BFG Group|here]].
Development of Russian startups together with Gazprom ID Operator
LLC Operator Gazprom ID and the Internet Initiatives Development Fund (IIDF) will jointly participate in the development, the Russian startups developing ON and services in the field of new communication Internet technologies (NKIT) and aimed at. The import substitution IIDF announced this on April 28, 2022. More. here
Investing in a service to attract Geecko programmers $1 million
On January 17, 2022, the Internet Initiatives Development Fund (IIDF) announced its investment in Geecko. Several more investors also invested in the platform for hiring programmers (their names were not disclosed, as well as the estimated value of the startup and the share of investors in it). In total, the company raised $1 million. Read more here.
2021
Sale of stake in SemanticHub
On October 12, 2021, it became known about the sale of the entire stake in Semantic Hub, owned by the Internet Initiatives Development Fund (IIDF). It was bought by the founders of the company and investor Valentin Doronichev. As a result of this transaction, only individuals began to be among the shareholders of the developer of the AI system for the pharmaceutical industry: about 64.5% from the foundations and about 35.5% from investors. From the base of "Kontur. Focus" it follows that Valentin Doronichev increased his share from 17.83% to 31.73%. Read more here.
Investing in the Russian service for creating virtual faces Malivar
On June 24, 2021, it became known that Malivar had attracted investments in the amount of 5 million rubles from the Internet Initiatives Development Fund (IIDF). The latter received a 1.35% stake in the project, which was estimated at 370 million rubles. Read more here.
Investing in TalkBank's fintech platform
On June 8, 2021, it became known about the attraction of TalkBank investments by the Russian fintech company in the amount of 218.36 million. rubles The funding round was led by venture the fund, MTS which invested more than half of the indicated amount. The Internet Initiatives Development Fund (IIDF) also invested in the startup More. here
Investing in The Mashina car subscription service
On May 14, 2021, it was announced that the Internet Initiatives Development Fund (IIDF) invested $500 thousand in The Mashina, and the venture capital fund of AFK Sistema Vladimir YevtushenkovSistema SmartTech - another $300 thousand. Read more here.
Launch an accelerator for IT startups
On May 12, 2021, the Ministry of Digital Development of the Russian Federation announced the launch of an accelerator for IT companies. This is a joint project with the Internet Initiatives Development Fund (IIDF). Read more here.
Investing in fintech startup Food Rocket
At the end of April 2021, it became known about the company's attraction Food Rocket of investments in the amount of $2 million from funds, a Baring Vostok AltaIR Capital business angel club, the Internet AngelsDeck Initiatives Development Fund (IIDF), the founder of a similar British service Jiffy Arthur Shamalov and co-founder of the Food Party (now Yandex.Chef) Philip Bashyan. More. here
Investing in Flomly's in-store sales management service
The Internet Initiatives Development Fund (IIDF) invests 5 million rubles in Flomly, a developer of a sales management service in unorganized retail for distributors and manufacturers. The solution is based on its own text analysis algorithm for working with big data. This became known on March 17, 2021. Read more here.
Investing in Vectorly's Russian IT motivation and training platform
On February 17, 2021, the Internet Initiatives Development Fund (IIDF) announced its investment in Vectorly. Financial and other terms of the transaction were not disclosed. Read more here.
Careerist IT Job Service Investment
On February 1, 2021, it became known about the attraction of $1.25 million in investments by Careerist. The Internet Initiatives Development Fund (IIDF), early investor Bogdan Yarovoy and his SmartHub syndicate, as well as other Silicon Valley business angels, have invested in it. The startup intends to spend the funds received on the development of the product and its growth. Read more here.
2020
Investing in a service to invest in Soundeon musicians
On December 1, 2020, the Internet Initiatives Development Fund (IIDF) announced its investment in Soundeon, but did not disclose the volume of investments and the size of the share received in the startup. The service intends to spend the raised funds on business development in Europe. Read more here.
5 million rubles investment in Foody
On November 24, 2020, the IIDF announced the investment of 5 million rubles in a marketplace for restaurants, stores and food suppliers - Foody. Read more here.
Change in investment strategy, support for foreign startups with Russian founders
As it became known on October 22, 2020, the Internet Initiatives Development Fund (IIDF) changed its investment strategy and began to support foreign startups with Russian founders, which own at least 50% of the shares. In addition, those start-up companies that plan international expansion will be able to count on financial support.
For technology companies of later stages that scale business in the global market, IIDF plans to invest up to 200 million rubles, while at least 25% of the company must belong to the founders or ultimate beneficiaries with Russian citizenship.
The criterion for companies of this stage is stable revenue in the international market, confirmed sales channels, an understanding of multiple scaling. Earlier, the IIDF every year invested up to 25 million rubles in 70-75 companies at the seed stage (creating a business plan and testing the project).
Its director Kirill Varlamov associated the change in the fund's strategy with the fact that the market for investments in pre-seed projects, which the IIDF has actually created since 2013, had already formed by October 2020. It runs more than 300 accelerators. At the same time, startups have new problems - large companies show low interest in buying startups, and Russian entrepreneurs do not understand how to bring a product to global markets.
Among the options for supporting the withdrawal of products of domestic startups abroad, Kirill Varlamov called assistance in finding investments from foreign investors, since "to enter some target markets, as a rule, you need to attract partners, partially sell shares in companies to local players." Varlamov added that by October 2020, the fund is negotiating with international investors to create an additional mechanism for promoting startups abroad, but did not disclose details.[6]
Investment in Texel
On September 2, 2020, it became known about the attraction of investments by Texel in the amount of 110 million rubles. The developer of virtual fitting rooms was invested in the venture capital investment fund Rusnano Sistema, created jointly by AFK Sistema and Rusnano and the Internet Initiatives Development Fund (IIDF). The Russian startup intends to spend the funds received on international expansion. Read more here.
IIDF increased its stake in PimPay from 5% to 15%
In early August 2020, the Internet Initiatives Development Fund (IIDF) increased its stake in PimPay from 5% to 15%, converting the loan into the capital of this fintech company. Read more here.
Rostelecom will invest 2 billion rubles in the IIDF. This money will be invested in 50 startups
Rostelecom will invest 2 billion rubles in IIDF Invest, receiving a share of 31.03% in return for the fund. The funds raised by IIDF Invest will direct investments in new innovative projects and additional financing of promising companies in the existing startup portfolio. This was stated by the IIDF on January 21, 2020.
On January 14, 2020, it became known about Rostelecom's investment in the Internet Initiatives Development Fund (IIDF). As a result of the transaction, which was closed on January 13, the subsidiary of the telecommunications state operator - Bashtelekominvest - became the owner of 18.36% of IIDF Invest (the investment structure of IIDF, owns shares of more than 350 IT startups).
Vedomosti wrote about this deal with reference to the data of the SPARK system. Representatives of the IIDF and Rostelecom confirmed this information to the publication, but did not disclose the financial terms of the agreement.
According to the newspaper's sources, the transaction value could be 1 billion rubles. In December 2019, RBC wrote that Rostelecom is discussing the possibility of investing 1 billion rubles in the IIDF.
On January 21, 2020, the IIDF explained that this transaction was the first stage of Rostelecom's investment in IIDF Invest. The second stage, as noted in the IIDF, started on January 20, 2020 and will be completed by the end of the month.
A RBC source in the venture capital market told the publication that the IIDF tried to stretch the investment horizon for nine years (with the usual period of five to seven years for the market, after which shares in companies are sold) and hoped to restart the fund or additional financing from the state.
In accordance with the terms of investment, representatives of Rostelecom will be a member of the investment committee of IIDF Invest. They will be Vice President for Business Development of Rostelecom Alexander Aivazov and Vice President for Information Technology of Rostelecom Kirill Menshov.
Commenting on Vedomosti's first stage of Rostelecom's investment in IIDF Invest, Alexander Aivazov said that the company plans to strengthen work with startups and begins a new stage of cooperation with IIDF, becoming a co-investor in the portfolio.
| | The company's task is to find startups that can replenish the ecosystem of innovative digital services and ultimately stimulate the growth of the company's business in new directions, Alexander Aivazov told Vedomosti. | |
He also noted that the IIDF has a unique expertise for the Russian market and an effective team that is focused on solving the most difficult business problems.[7]
In addition, Aivazov drew attention to the fact that, interacting with technological projects, as a result, Rostelecom mainly established cooperation with those that came to him precisely from the IIDF and IIDF Invest. Moreover, in 2018-2019 Rostelecom managed to work with organizations in a "combat" mode: jointly observe the choice of projects, their acceleration, and the adoption of investment decisions.
As a result, Rostelecom came to the conclusion that IIDF and IIDF Invest built a fairly effective machine for working with a large number of projects, and do not deal with point stories, and created a diversified portfolio. The latter, according to Aivazov, is very important for Rostelecom, since in a number of competencies the company is really an expert and can even share them with the market, but in a number it is not.
| | Thus, looking at the investment and acceleration approaches of the IIDF and IIDF Invest and the quality of their work, Rostelecom decided to invest in the fund. However, the company decided not to make any changes to the investment focus of the fund, its investment decision-making system - in general, its rules of the game, since IIDF Invest is just valuable for those rules that have developed in it that lead it to efficiency, - said Alexander Aivazov. | |
At the same time, he drew attention to the fact that Rostelecom is aware that not all companies that will receive the fund's investments will be of interest to him in terms of purchase and interaction. However, according to him, this does not cancel the wide range of interests of Rostelecom both as an investor, as a partner, and as a buyer in relation to the fund's portfolio companies.
Kirill Varlamov, director of IIDF and IIDF Invest, said that IIDF and IIDF Invest plan to slightly change their investment paradigm, increasing the check for companies at an early stage of development to 5 million rubles and financing acceleration additionally, for companies at the growth stage - up to 65 million rubles.
| | At the expense of Rostelecom, investments will be invested in approximately 50 companies during 2020 and 2021. The fund will focus on the same technologies as before - artificial intelligence, clouds, VR and medical innovations, - informed Kirill Varlamov. | |
As of January 21, 2019, IIDF Invest already plans to invest in which new companies Kirill Varlamov did not tell. However, he noted that the partnership with Rostelecom opens a new chapter in the development of the fund.
| | We will restart the investment cycle and again fully start investing in young promising technology startups. In turn, IT entrepreneurs will have access to a unique examination of the corporation, - informed Kirill Varlamov. | |
According to Rostelecom President Mikhail Oseevsky, the goal of the company's strategic partnership with the IIDF is to increase the efficiency of innovation, find new points of business growth and expand the ecosystem of digital services.
| | Technologies are developing so rapidly that these growth points today may not be obvious, only bold ideas, but tomorrow they will begin to conquer the markets, "said Mikhail Oseevsky. | |
Speaking about attracting investors to IIDI Invest, in addition to Rostelecom, Kirill Varlamov did not rule out the possibility of their appearance. According to him, there is a possibility that they will appear at the fund in February 2020. At the same time, among the investors with whom IIDF Invest is negotiating, in particular, companies from Asia, as well as private investors.
2019
Completion of active investment - new investments only from the sale of shares in portfolio projects. Reduction of employees
The Internet Initiatives Development Fund (IIDF) is completing the investment phase and focusing on the development of portfolio IT startups, the fund reported to TASS in February 2019.
| | "Part of the IIDF's activities will be optimized: the fund will suspend educational programs with universities and schools, and will also reduce work to support startups in a number of regions. At the same time, the IIDF will continue to engage in legislative activity: in particular, now the fund's experts are participating in the preparation of amendments to the law "On Information," which will ensure the freedom of circulation of data on the market. " | |
The IIDF will cut about 35 people out of 150 working in the fund. Investments in new companies are still possible, but from the funds received from the sale of current projects, the IIDF calls the model "an endless cycle fund."
IIDF invests 31.1 million rubles in 13 startups
On February 4, 2019, IIDF announced that on January 24, 2019, teams of the next set from different regions of Russia came to its site. Traditionally, the acceleration program is designed for three months.
775 applications were submitted for participation in 17 sets of the accelerator. Mandatory selection criteria - at least two key members of the startup team, a product (ready for MVP sales), a promising market volume for the implementation of the product, as well as the presence of LLC at the stage of registration of the transaction.
In 13 companies from this set, IIDF will invest a total of 31.1 million rubles: 12 startups will receive 2.5 million rubles. each (in exchange for a share of 7%), one team raised money only for an acceleration program in the amount of 1.1 million rubles. (for a share of 3%). The goal of each startup is after three months of acceleration to show revenue growth at times and qualify for seed investments from the IIDF and/or other investors.
Eight more startups pass the "IIDF Accelerator" without attracting investments from the fund, independently paying for the program. Of these, three teams are internal startups of one of the Russian software developers SKB Kontur. And two companies are undergoing an acceleration program of the seed stage, the main value of which is preparation for the full scale of the business.
In the IIDF Accelerator, IT entrepreneurs will improve the qualitative and quantitative characteristics of their business - from confirming the value of the product to finding a niche where customers will pay for using the service, from increasing revenue to growing speed. The program is also aimed at the emergence of professional competencies among the founders and key members of the team, which are necessary for the active development of the business.
If in the previous accelerator set a significant part of the commands was from, Moscow then in the current "IIDF Accelerator" teams from the regions Tomsk Krasnodar prevail -,,,,, etc Khabarovsk Samara Krasnoyarsk. Yaroslavl
Startups 17 sets of "IIDF Accelerator" by industry:
Business Solutions
- Worker (Tomsk) - the service helps customers find qualified performers for various construction and installation works. The customer interacts only with Worker, and the service itself calculates the cost of work, searches for performers, interacts with them and controls the timing.
- DeskAlerts (Novosibirsk) is software that allows companies to deliver critical information to their employees on any corporate device: PCs , phones, tablets, etc. For example, missing information about updated details or rules for working with customers can lead to financial losses. DeskAlerts ensures that the message is not ignored.
- BID (Yaroslavl) - artificial intelligence for industry. The company develops software and hardware complexes for large industrial companies that reduce the cost of diagnosing and monitoring products, equipment or infrastructure by 30-50% by automating manual data processing processes using artificial intelligence.
Engineering, Transport and Logistics
- TOscan (Moscow) is a B2B service that allows companies with a fleet to find out the cost of routine maintenance of cars from official dealers online, get a discount and sign up for maintenance. The service selects the most profitable offer by price and location, and also keeps a history of service in your personal account.
- Rustrans.info (Chelyabinsk) is a marketplace in the field of transport services that allows companies and individuals to find transport for the transportation of goods or people. Additional services are available to customers (for example, ordering loaders, translators, guides), and transport companies can use marketing services, a call center, and get business analytics.
Finance and Insurance
- "Joint Business" (Krasnodar) - the service helps banking and insurance agents, realtors, car repair and other b2c entrepreneurs to sell additional services and interact with customers. For example, with the help of the service, a realtor can take out not only mortgage insurance, but also OSAGO for a client's car. This expands the scope of activity and increases the average check. At the same time, users of the service receive cashbacks from each operation of their clients.
- Insurewell (St. Petersburg) is a marketing automation service aimed at attracting a target audience in insurance, finance and medicine. It allows you to track the behavior of site visitors, group them by similar parameters and make your own individual offer for each group, thereby increasing the conversion to a paying client.
Educational technologies
- Hello World (St. Petersburg) is an online school programming for children 8-16 years old. The peculiarity of the service is only individual lessons with a teacher, which increases the effectiveness of classes. Moreover, training takes place remotely according to, Skype so children from anywhere in the world can study. The school has clients in five countries Russia-,,,,. Germany India Lithuania Finland
- "Genius of Negotiations Online" (Krasnoyarsk) is a training simulator game that makes it possible in practice to resolve any difficult situations of employees in communication with clients. Training takes place on the job, from any device and takes 30 minutes a day. The modular principle of the game allows you to adapt the product to the requests of any company.
- "Foundation for the Development of Online Education" (Moscow) - the project is engaged in online education: from the implementation of online content with leading companies, experts and universities to the promotion of courses on educational platforms. FROO teaches the professions of the future, helps in organizing corporate universities for business, creating online master's programs and specializations for universities.
- Bartello (Moscow) is a mobile service for instant ordering and payment for drinks and food in bars, clubs and restaurants in Moscow. Now you do not need to catch the waiter or shout music, but make an order using the application. For example, from the moment you order the bar to its readiness, it will take only 4-6 minutes. Service on transactions with completed orders.
- SweetClub (Moscow) is a global confectionery marketplace. The project has the rights to create, produce and sell sweets with images of heroes of international animation studios.
- ART-MOST (Samara) is a global online art hypermarket. The peculiarity of the service is that there is no narrow specialization, paintings are sold without a mark-up, at prices from artists' workshops. Tens of thousands of paintings from more than a thousand artists are available for February 2019. Thanks to ART-BRIDGE, paintings become available both in price and in ease of choice.
- GetSmart (Khabarovsk) is a B2B service that helps solve the problem of accepting cryptocurrency. In the case of online stores, GetSmart allows you to accept cryptocurrency as payment and transfers it to fiat money. ICO projects can automatically accrue the required number of tokens, confirm the identity of the investor, and accrue bonuses.
- HOMMYN (Moscow) - The company offers all the components to make a smart home wirelessly. Heating, climate, lighting, multimedia, integrated security and video surveillance management. In this case, everything can be controlled from a smartphone. Devices can be bought and installed one at a time, with kits or a turnkey system. HOMMYN produces both the equipment and the necessary software to control it.
Lifestyle
- Bbsit (Moscow) is a service that provides bebisitter services (babysitter for an hour) and allows parents to free up time for any of their activities. Nannies undergo a multi-stage interview and further training. They can sit with children, take them to school/garden, meet them from sports.
- Fitstarter (Moscow) is a service for booking tennis courts and finding location partners. Fitstarter allows tennis clubs to reduce losses from unsold free watches to 100 thousand rubles. per month, and tennis players book a suitable free court at a convenient time and find the nearest sparring partner.
2018: Investing in Russian personnel and candidate assessment service Proaction
In 2018, the Proaction project attracted investment from the IIDF, which received 4.31%. Read more here.
2017
3.18 billion rubles invested in 367 startups
Since the beginning of its operating activities, IIDF has invested 3.18 billion rubles. in 367 startups. The value of the portfolio, as of May 2017, is 41% higher than the amount of invested funds and is estimated at 4.36 billion rubles. IIDF is the most active venture capital fund in Russia, the fund accounts for 43% of venture capital transactions in 2017.
A little more than half of the companies in the fund's portfolio are 187 startups from Moscow, 39 from St. Petersburg. The top 5 regions in terms of the number of companies included in the portfolio also include startups from the Sverdlovsk, Novosibirsk and Tomsk regions - together their share is almost 13%. From the point of view of the invested funds, Moscow and St. Petersburg are also in the lead (55% and 19%, respectively), followed by the Perm Territory, Novosibirsk and Voronezh regions, startups from which together attracted almost 14% of investments from the IIDF.
In the industry context, most of the Fund's investments fell on companies that work in the field of artificial intelligence and machine learning): the share of such technologies in the portfolio was 13%. About the same amount of money was raised by e-commerce companies. The industry's top 5 also includes HealthTech and FinTech.
Among the largest startups in the IIDF portfolio by revenue (data for 2017):
- "Life Button" (240 million rubles),
- Cinemood (207 million rubles),
- FlowWow (290 million rubles),
- UBIC Technologies (almost 100 million rubles),
- Eldis (32 million rubles).
The turnover of the leader of the crowdfunding market - StartTrack (a subsidiary of IIDF) - in 2017 exceeded 800 million rubles, the total turnover of the site for all the time overcame the bar of 1.5 billion rubles.
More than 95% of companies from the portfolio passed the IIDF face-to-face accelerator. Those who were able to reach the set KPIs at the exit attracted the next round of sowing investments - up to 25 million rubles. Such companies include, for example:
- Stafory ("Robot Vera"),
- Hot WiFi,
- Brandquad,
- UNIM,
- HoloGroup,
- Sticker.Place,
- Pharmaceutical Knowledge,
- KidsWay,
- DocsInBox,
- Zig-Zag,
- UseDesk,
- "Aldis,"
- TalkBank,
- Convead,
- MMOGuard et al.
More than 80% of startups from the IIDF portfolio continue to operate. 63 companies actually ceased their activities, another 15 applied for the liquidation of the company in tax: a total of 111.3 million rubles were invested in them, or 3% of the total investment. The revenue of almost 25 companies in the IIDF portfolio grows monthly by 20% or more: the total value of the fund's share in such "star" startups is approaching 3 billion rubles. (as of May 2017).
Industry track (VR track)
Gazprom Neft and the Internet Initiatives Development Fund (IIDF) launched in March an industrial partnership program for the development of a specialized virtual reality (VR) track. [8] of the IIDF Accelerator - [9]..
Startups with ready-made VR products or prototypes for solving applied problems in the field of industry in general and oil production in particular can apply for participation in the virtual and augmented reality (VR/AR) track. The most successful graduate projects of the accelerator, which showed the best growth results, will be able to claim IIDF investments in the amount of up to 30 million rubles and the integration of their solutions into the real production processes of Gazprom Neft.
The first priorities for Gazprom Neft, which can be solved using VR technologies, are personnel training, preliminary testing of engineering solutions and holding remote meetings in real time.
As part of the partnership, startup participants will be able to work at the sites of two Gazprom Neft technology parks in St. Petersburg and Omsk, study the experience of colleagues who have already implemented VR projects in production. After startups are accelerated in the IIDF and establish themselves, working on the basis of the technopark, Gazprom Neft will decide on the use of the most promising products in the company.
"VR and AR technologies are one of the priority investment areas for the IIDF. Goldman Sachs estimates that by 2025, the global market for VR and AR-based solutions will reach more than $13 billion, reaching $25 billion by 2020. Large business in the Russian Federation is already introducing virtual and augmented reality solutions into production, and in the foreseeable future these solutions will become available for small and medium-sized businesses, "said Borisov Evgeny, Deputy Director for Development of the IIDF.
2016
IIDF and Innopolis launch the first IoT polygon
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Otkritie will become an IIDF partner in the Internet of Things technology stack
Otkritie Bank will act as a partner of the technology stack of the Internet Initiatives Development Fund internet of things IoT (-).Internet of Things The Bank will focus on such areas as Smart City and Industry 4.0, within which a specially created expert group from among the employees of Otkritie will participate in the selection of projects in the Accelerator.
The technological stack on the Internet of Things is part of the great work of the IIDF on the development of domestic technologies in the field of IoT and the industrial Internet. Together with partners, the Fund will select, invest and develop interesting projects in this area with promising integration into various sectors of the Russian economy. Partners will select both young startups to participate in the IFT Accelerator, as well as more mature teams for subsequent stages of investment, search for strategic partners, scale the business and enter new markets. IIDF is ready to provide the most mature projects with investments of up to 320 million rubles, as well as assistance in scaling up business and reaching large strategic customers from various sectors of the economy.
In addition to industry expertise and assistance in organizing sales, Otkritie will be able to offer Accelerator participants the opportunity to use the existing banking landscape to test new products and technologies that will be created by participants. In addition, experts from Otkritie Bank will oversee the selected projects: conduct master classes on the creation of banking products, help form proposals that satisfy consumers, launch A/B testing using the existing Otkritie infrastructure and, thus, lead the projects to the final pitch sessions upon completion of the Accelerator.
Working with projects is supposed in several areas at once: creating client offers based on Big Data (for example, jointly launching new marketplaces), studying user behavior, managing credit risk, as well as promoting and targeting campaigns in digital channels.
The main strategic priority of Otkritie in the field of innovation is to develop digital services for the main business segments - individuals, entrepreneurs, large and medium-sized corporate businesses - as well as to create a unique user experience, including using Big Data. Along with teams that are engaged in classic banking remote services, Otkritie includes projects focusing on innovative services - Rocketbank (for retail clients) and Tochka (service for entrepreneurs). New projects also continue to be launched, such as the marketplace - peremena.open.ru to promote a mortgage line of products or travel travel.openbank.ru and promote a new Travel bank card.
2015
Creating a medical start-up accelerator
On December 15, 2015, the National Center for Informatization and the Internet Initiatives Development Fund (IIDF) announced cooperation in the search and training of startups engaged in the development of medical IT systems. The best teams will be able to count on investment and technological support and participation in large infrastructure projects for the informatization of domestic health care.
In January 2016, NCI and IIDF will begin to select and prepare the most promising developers for a specialized accelerator of medical startups. Preference will be given to teams that create solutions in the field of multifunctional medical devices, gadgets, information systems and services that allow remote monitoring of basic health indicators, as well as analyze medical images and large amounts of specialized information.
"Our collaboration with the IIDF will provide developers with access to unique expertise in the field of health informatization and will unite the efforts of market participants. This will help reduce the time for the development and implementation of innovative solutions intended for Russian healthcare, "said the head of the NCI Alexei Sividov.
According to the development director of the IIDF Yevgeny Borisov, a joint project with the NCI will help support developing startups and integrate them into the process of informatization of Russian health care, in which more than 5 billion rubles are invested annually.
Investing 500 million rubles in Big Data projects
On November 24, 2015, the Internet Initiatives Development Fund (IIDF) announced plans to invest 500 million rubles in novice developers of Big Data analysis technologies. The startup accelerator intends to look for partners for large Russian companies in this segment.
The representative of the fund Sergei Skripnikov told the Vedomosti newspaper about the intentions of the IIDF to invest half a billion rubles in Big Data projects. According to him, when choosing projects for financing, the needs of strategic investors among large Russian companies will be taken into account. Skripnikov did not name them and only noted that by November 24, 2015, the IIDF had already found four applied tasks that investors want to solve.
The representative of the IIDF said that the so-called big data laboratory will be created, which will deal with the technological development of promising companies, namely, to assist in attracting the necessary employees, purchasing and configuring equipment, and developing software products.
IIDF is ready to invest up to 2 million rubles in several dozen projects in exchange for 7% shares in their business. The maximum amount of investments in one startup with a proven business model will be 324 million rubles, provided that up to 50% of the share in this company is received, said Sergey Skripnikov.
Chairman of the Board of IT Integrator IBSERGEI Matsotsky says that in the Russian market Big Data there are projects in which 500 million rubles can be invested. Product development can cost several hundred thousand dollars, and the greatest value in these companies is represented by engineers and mathematicians, which are on the Russian market, the entrepreneur is sure.[10]
Launch of an accelerator for startups in the field of information security
In October 2015, the IIDF announced the launch of an accelerator for startups in the field of information security (information security) together with partners RT-Inform ( IT subsidiary of Rostec) and I-Teco with the support of the Ministry of Telecom and Mass Communications. The project will be implemented as one of the tracks of the existing IIDF accelerator. According to the director of the IIDF Kirill Varlamov, within its framework it is planned to select up to 10 startups leading developments in the specialized industry and provide them with funding and expert support.
Varlamov calls the prerequisites for the launch of such an initiative high growth rates of the global market for information security solutions - more than 15% per year, as well as an increase in annual damage from cybercrime in Russia.
Partners plan to collectively invest about 1 billion rubles in the development of information security startups. Within two years. Varlamov notes that the indicated amount is not the limit: if some projects are especially successful, then the issue of investing additional funds in them will be considered.
At the same time, it is planned to finance not only startups that will get into the accelerator from the indicated amount. In parallel, the IIDF is considering several separate large transactions of 300-400 million rubles each, which are planned to be carried out over the next few months. One of them is investments of more than 200 million rubles . in Group-IB.
Startups selected for the accelerator will receive initial investments in the amount of 2 million rubles, of which some will receive money, and some in the form of accelerator services. Those who show good growth indicators at the initial stage will be able to receive further funding, the volume of which and the share of partners in it will be determined in each individual case.
IIDF and I-Teco will directly finance startups, and RT-Inform of plans, rather, to act as a strategist and provide teams with expert support. Kamil Gazizov, CEO of RT-Inform, said that his company is also ready to provide selected teams with the opportunity to develop on the pilot projects of his company.
At the same time, RT-Inform does not exclude financial participation in any startups with the subsequent acquisition of a stake in them. Gazizov connects this with the fact that Rostec has serious plans to develop the information security direction, and it is important for him to be sure that the technologies that are being introduced are either decisions of Rostec itself or Rostec has some rights on them: "we do not want to depend on anyone in terms of security," he said.
In turn, the Ministry of Telecom and Mass Communications will be able to provide support to the project in terms of regulatory regulation. Varlamov explained that there are good ideas and startups whose technologies could help people, but there are often no regulations governing the use of these technologies. According to the Minister of Communications Nikolai Nikiforov, his department is ready for dialogue in this area, since it sees its task in constantly improving regulation in the interests of the industry and citizens and creating new niches for the development of technologies.
The IIDF notes that their strategy does not imply the acquisition of control in funded companies: as in the case of its other tracks, the fund considers the acquisition of a 25-50% stake in startups, says Varlamov.
150 projects funded
As of April 2015, the fund has funded 150 projects, including 104 transactions in 2014. Until 2017, the IIDF planned to invest about 6 billion rubles. in 400 companies.
In 2015, the fund identified the priority investment areas for itself:
- telecommunications technologies and solutions,
- Big Business Platform and Enterprise Software,
- big data and machine learning,
- monetization and distribution of digital content,
- information security and
- protection of intellectual property on the Internet.
Among the strategic partners of the IIDF are the mobile operator Yota, Rambler & Co, Rostelecom, InterRAO, Microsoft, Svyaznoy and other companies.
2014: 1st place in Europe in terms of the number of transactions in the first quarter
According to the Dow Jones report, IIDF ranked first in Europe in terms of the number of transactions in the first quarter of 2014.
2013: Creation of a fund headed by K. Varlamov and connection of financing from Sberbank
In March 2013, the President Russia Vladimir Putin held a meeting of the Supervisory Board Agencies for Strategic Initiatives (ASI) , a structure established by the government in 2011 to support business projects in the social sphere.
During the meeting, Putin announced the creation of a fund to support entrepreneurial initiatives on the Internet within the framework of ASI.
"Its main tasks are financial and expert assistance to entrepreneurs implementing socially significant Internet projects, as well as promoting the training of young Internet leaders, the formation of their business skills on the network," the president said.
According to Putin, expressed at the ASI meeting, "it is necessary to teach young entrepreneurs to create high-tech companies, bring them to the market, and actively work on their development." The mechanism of interaction with the initiators of these projects, their contacts with investors, should be as transparent as possible, he added.
The new fund, according to the president, should develop a system that will enable everyone who wants to "vote with a ruble for the most promising, innovative and creative projects," and the fund itself will be additional support for the best of these projects.
In addition, "we need to see how our legislation provides enough opportunities for effective work in this area," Putin said.
"The concept of the fund's activities should include an approach that ensures simple and clear interaction of honey with business, investors, organizers, administrative structures. This concept should contain answers to all basic questions: what kind of support for the fund can you count on, what to do, where to turn, and so on and so on, "the presidentsaid.
At the same time, Putin warned the meeting participants "against excessive enthusiasm for new and new ideas":
"Ofcourse, they are needed, but the most important thing is to organize what has already been developed, has already been developed, and is recognized as absolutely expedient for implementation."
"We all want to generate all sorts of beautiful ideas, and bringing them to the end result is not always enough perseverance, skill, some other components. But you have to do it. Otherwise, the price is worthless to all our efforts in this area. I think you will agree: the number of plans will not change the situation. We need real things, as I said, "the president added.
ASI CEO Andrei Nikitin noted that when creating a new fund, "it is extremely important to find a niche in which the fund would not intersect with development institutions and would bring maximum benefit to Russian startups and Internet projects."
However, Nikitin expressed a different position compared to Putin on the stage of projects in which the fund will invest:
"We talked with those who have already launched startups, have already stuffed cones today, and saw that in this business there is such a thing as" death valley. " This term means a situation where there is just an idea, and there is no implementation yet, in this case large funds, as a rule, are afraid to come to the project. As a result, young guys abandon this idea and stop doing business. It is such projects that at the stage of the very start we will[11]
Kirill Varlamov, CEO of Naumen (develops software and provides automation services for contact centers), has been appointed to manage the created fund. The Supervisory Board of the Fund was headed by the General Director of ITAR-TASSERGEY Mikhailov.
According to General Director Kirill Varlamov (March 2013), up to 6 billion rubles will be invested in the fund in the next three years, and the fund will receive 2 billion in the first year.
Here is how the Kommersant newspaper described the discussion of the amount of funding:
- What should be the volume of this fund? - the president asked. - How much money should be there, in short?
- We counted... - a little hushed up, said Kirill Varlamov. - It turns out the amount of about six billion rubles... For three years.
- For three years? - kindly asked Mister Putin.
This amount did not make a shocking impression on him. Rather, he even liked her. That is, it was clear to him that young people from ASI are serious and do not exchange for trifles.
However, the figure impressed Herman Gref. He just quivered - first of all, apparently, to attract attention.
He succeeded.
- Oh, I see, German Oskarovich wants... - somehow the president was even delighted.
He apparently intended to end with the word "speak out." But Alexander Shokhin finished for him:
- Invest!
- This is a lot of money, - said the head of Sberbank. - We are also engaged in this kind of work. So it's not your blue ocean... You are going to invest other people's money in startups. It's not your money... It's very big money... The scale is very serious...
And he repeated twice more that this is very big money.
Some members of the supervisory board were surprised to see German Gref in Novo-Ogaryovo on this day. The fact is that he was only at the first meeting of the council. Then, apparently, he became uninteresting. And so he suddenly appeared on the fifth in a row. Only now it became clear why.
- I will try to cope, - said Kirill Varlamov.
This young man was for the first time at a meeting at the same table with the president, and, of course, it was not easy for him. And after a man like Herman Gref opposed him, it became very difficult for him.
- I understand what it is about, - Mr. Varlamov continued. - Last year I received an award as the best IT entrepreneur...
He did not have so many arguments, apparently.
- That is, Herman Oskarovich did not scare you?! - the president asked him again.
- Big tasks do not scare us, - Mr. Varlamov answered.
Mister Putin was not afraid of the position of the head of Sberbank either. Moreover, he seemed to come up with a punishment for trying to offend his charges.
- Let's
combine the experience and caution of German Oskarovich with your optimism and pressure, he suggested
.
Herman Gref, apparently, did not experience enthusiasm.
- German Oskarovich, so you will take part? - the president specified without a smile.
The head of Sberbank did not answer for ten seconds and looked at the president or Kirill Varlamov, as if choosing between them.
"So," the presidentlaughed again. "I started counting... Seven to go, six to go crazy... In general, will you participate?
Meanwhile, Herman Gref decided, apparently, to go to the end. He called, however, without condemnation, ASI a bureaucratic structure. Then he said with condemnation that her employees were not responsible for the final result. In general, he said everything for which he came here.
- If we are trying to create a development institute from ASI, then this is probably the wrong way...
- Well, I will ask Kirill Viktorovich (Varlamov. - Kommersant) to clearly and clearly state the tasks of the fund, - suggested the president.
Mr. Varlamov once again said what he had already said. Among other things, it was about training specialists who can work with startups.
"Youcannot teach, because we have no one to teach," Herman Gref said sharply without hesitation.
- It is necessary to help the guys to establish work, - Mister Putin finished this story. - And some money will be needed... The involvement of a financial institution like yours would be appropriate.
This is what German Gref, apparently, was most afraid[12].
2012: Vladimir Putin voices the idea of creating a fund
Vladimir Putin expressed the initiative to create such a fund in November 2012. Then, as examples of projects that can count on investment, he cited "various communities, electronic libraries, sites of civil and charitable initiatives, distance learning portals, in the end, just useful games that instantly acquire hundreds of thousands and even millions of users around the world."
Notes
- ↑ IIDF completed active investment - new investments only from the sale of shares of portfolio projects
- ↑ IIDF estimated the value of its portfolio at 7.3 billion rubles - almost twice as much investment
- ↑ We invest in IT from 5 to 200 million ₽
- ↑ IIDF plans to invest up to 3 billion rubles in 15 startups
- ↑ Internet Initiatives Development Fund will invest 2.25 billion rubles in Russian startups
- ↑ IIDF decided to invest in foreign startups with Russian founders
- ↑ "Rostelecom" received 18% of the Internet Initiatives Development Fund
- ↑ The industry track (VR-track) is part of the acceleration program, where, in addition to passing the main program to accelerate business development, applicants get the opportunity to interact with the largest industry experts
- ↑ a program for accelerated business development on the Internet. The program includes consulting, educational, marketing and legal support for the Foundation, access to more than 250 best market experts, an individual tracker, as well as work with other successful teams
- ↑ 140737488849912/normal/1 IIDF will invest 500 million rubles in big data
- ↑ support Putin announced the creation of a fund for Internet startups for 6 billion rubles. "
- ↑ of German Gref was connected to the Internet
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