IIDF - What does IIDF stand for? The Free Dictionary
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Sberbank is the Internet Initiative Development Fund (IIDF
The new format of cooperation between the IIDF and Sberbank is a unique window of opportunity for specialised start-ups of the Foundation.
According to statistics published by VentureSource (a Dow Jones product), the IIDF is one of Europes five most active venture funds by number of deals The IIDF invests from 2.5 to 324 mln roubles in early-stage tech companies and provides start-ups with support in the areas of training and consultancy.
The launch of a joint accelerator is a major landmark for the market and presents new opportunities for start-ups, said Kirill Varlamov, CEO of the IIDF
. IT companies will receive support from the IIDF
and potential access to the client base of Russias largest bank.