Yandex.Factory will invest up to hundreds of thousands US dollars in Russian and international projects at their seed or early investment stage.

Yandex, Russia’s most popular search engine and previously backed by Intel Capital, has started a corporate venturing programme to invest in start-ups as the country tries to encourage entrepreneurialism.

Yandex.Factory will invest up to hundreds of thousands US dollars in Russian and international projects at their seed or early investment stage.

Since June last year, Yandex, which is as an acronym for the phrase "Yet Another Indexer" and Russia’s most visited website with a monthly average of 21.5 million…