One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startups in their early development stages. The Fund also plans to launch a variety of educational programs and to perform a number of legislative initiatives. These steps will help to increase transparency and ensure effective cooperation between entrepreneurs, investors, and state agencies in the field of venture capital investments in Russian IT projects.Internet Initiatives Development Fund will further the development of the necessary infrastructure and conditions that will be conducive to a full-fledged industry of small and medium online businesses in Russia.