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Internet Initiatives Development Fund (IIDF): The Leading Russian Accelerator for Startups

... startups at various stages of development. In this article, we will talk about acceleration programs, financing, mentoring and cooperation with large corporations that help startups grow and enter new markets. I will also share my experience working on the Open Oil Market project as part of the IIDF program and consider examples of successful companies such as TimePad, CarPrice and YouDo. The Internet Initiatives Development Fund (IIDF) is a leading Russian accelerator and venture fund dedicated to supporting ...

The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects

... what will the new platform give the Central Bank, and what prospects are opening up for Russian business? In this article, we examine the goals and consequences of the deal, and share our opinion on why this is important for domestic companies such as Open Oil Market. The Central Bank of Russia is acquiring the Saint Petersburg Currency Exchange: goals, consequences and prospects It has become known that the Central Bank of Russia has acquired the Saint Petersburg Currency Exchange (SPCE), which has attracted ...

Singles' Day in China: Impact on Stock Markets and the Global Economy

... and transportation of goods. This is particularly important for companies working with commodities. Against the backdrop of high sales, it can be expected that prices for oil and other resources will receive short-term support. In the Russian market, Open Oil Market provides a platform for companies to track changes in the global oil and commodity markets and respond promptly to rising demand. For Russian enterprises, Singles' Day in China may serve as a signal to adjust pricing and export strategies, especially ...

What is venture financing and how to attract investments in a startup?

..., developing new products or acquiring competitors. Exit The final stage where venture capitalists receive a return on their investment. This may happen through an IPO, sale of the company to a larger corporation or a share buyback. Startup example: Open Oil Market The startup Open Oil Market is an innovative platform in the oil products trading sector, which aims to make the market more transparent and efficient. The company connects suppliers and buyers of fuel, offering conditions for convenient and safe ...

Failure of Manual Management: Why Stock Prices for Gasoline are Rising

... refineries. However, they pointed out that the price increase accelerated, particularly as a result of drone attacks on some facilities. There is no publicly available information regarding refinery repairs, says Sergey Tereshkin, CEO of the fuel marketplace Open Oil Market. “However, one indicator suggests a temporary reduction in oil product production: according to data from S&P Global Platts, marine exports of these products from Russia decreased from 2.36 million barrels per day (b/d) in June 2025 to 2.10 ...