(Source: http://0.smartphone.ua/news)

The Foundation for Development of Internet Initiative and Yandex will launch a mutual accelerator in June 2016; it is said in the press release of The Foundation for Development of Internet Initiative received by Lenta.ru.

Young companies are invited to participate in the project that are engaged in search and advertising technologies, analysis of big data, development of services based on geodata, advisory and sharing services. The peculiarity of the accelerator will be that the most successful companies-graduates will integrate their experience in Yandex services. In addition, they can account on the purchase of share, as well as investments from The Foundation for Development of Internet Initiative during next rounds.

Yandex is interested in teams that work with big data and think about hyper localization of communications with users, not only in advertising or on mobile devices. The most promising teams have a chance to get the support from Yandex. “As a rule these are consultations, commercial partnership with the company or the purchase of share in the project”, - the director of technology dissemination of company, Gregory Bakunov. The requirements for the projects, at the time of application to the accelerator are the following: availability of product prototype, a team consisting of at least two persons and legal registration (50 percent of the company should belong to the residents of the Russian Federation). Yandex is actively involved in supporting the start-ups. Thus, the company has its own projects: Tolstoy Startup Camp and Yandex.Start, as well as cooperation with international partners as Seedcamp, 500 Startups and Startup Weekend.