DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups
Yuri Milner, founder of Russia’s leading Internet investment fund DST Global, and Pavel Durov, founder of Vkontakte.ru, the country’s most popular social network, launched Start Fellows last week, a joint grant project offering funds for newly minted Russian startups.
Applications can be made online for qualifying startup projects to receive grants as large as $25,000. The offer is reserved for Internet and mobile startups from Russia still in early development stages, from concept to market ready product.
Durov is responsible for the selection process while Milner offers the grants. Startups have no restrictions as concerns their relations with investment funds other that DST.