Russia's startup scene is supported by several key accelerators and incubators. The Internet Initiatives Development Fund (IIDF) is a major player, having made around 450 investments into various companies.

Other funds like Universe Ventures have made over 10 investments. These programs offer different levels of support for early-stage companies.

Below is our list of the best 5 accelerators and incubators in Russia.

Failory's Top 5 Picks

The Internet Initiatives Development Fund operates as Russia's most active early-stage venture fund, creating the infrastructure and conditions for tech businesses to succeed. They invest in a wide range of startups, from FinTech to IoT, to build a robust portfolio and stimulate the national digital economy.

Year Founded2013
FoundersKirill Varlamov
Nº of Investments450
Nº of Exits4
Program TypeOn-Site
Glavstart Logo

Glavstart helps entrepreneurs launch and operate new ventures, with a focus on the business development and information services sectors. The program provides foundational project support and offers a direct connection to venture capital funding through its affiliation with Darkside.vc.

Year Founded2010
Founders
Nº of Investments4
Nº of Exits1

Fueling early-stage startups since 2013, Universe Ventures combines venture capital with hands-on acceleration services. They specialize in providing companies with the foundational funding and support required to scale their operations.

Year Founded2013
FoundersAlexey Zhestkov
Nº of Investments11
Nº of Exits1

MTS StartUp Hub operates as the corporate innovation and investment arm for telecommunications giant MTS, scouting tech startups for strategic partnerships. The program supports founders in sectors like FinTech, IoT, and AdTech, offering them a unique opportunity to integrate with and leverage the resources of a major corporation.

Year Founded2018
Founders
Nº of Investments2
Nº of Exits
Duration (Weeks)12
trezor Logo

5. trezor

Trezor builds hardware wallets to help cryptocurrency owners safeguard their digital assets from online threats. This focus on cold storage provides a crucial security solution, empowering users with self-custody and control over their private keys.

Year Founded2013
Founders
Nº of Investments
Nº of Exits