Starta Capital, a Moscow-based investment company, has announced the launch of Starta Capital Accessor Fund I, a venture fund with an initial capital of $3 million, reported Russian high-tech portal CNews.ru. Private individuals and business angels, including Starta Capital managing partners Lyudmila Golubkova and Alexei Girin, are among the investors. In the future, the fund’s capital could be increased to $5 million.

Starta Capital Accessor Fund I will specialize in seed capital investments in technology companies in various fields. The maximum investment in a single project will be $200,000, with the possibility of receiving up to $500,000 in a syndicated deal through partnering business angels from the NABA association.

The fund will invest in 15-20 startups during an up to three-year investment period and be a minority investor with no more than a 10% share in a company. The fund will provide its portfolio companies with additional financial support for incorporation and asset consolidation, market research and choosing a strategy, intellectual property consulting, establishing investor relations, development of PR communications and GR programs, and the creation of a roadmap for the project.

“The aim of this program is to help startups set up the necessary corporate processes that founders usually don’t spend time and money on. Everyone wants to make the beta version or prototype faster. But we want to turn startups into full-fledged companies able to access venture capital,” said Girin in an exchange with CNews.ru.