The Human Capital Foundation's first contest was held in September 2003. Purely charitable organization, the Foundation supports small research teams, who carry out fundamental and applied research, through competition. This form of research funding is often seen as the major way of raising funds to support the most interesting research projects.

From 2004 until now the Foundation has been vastly supporting Russian-based researchers. From 2006, grants have been given to young scientists (under 35) engaged in studies of information and computer technology; grants for book and monograph publishing are given regularly.

More than 1,170 applications have been reviewed in total and 105 projects have been approved for funding over this time; more than 350 persons were involved in the Human Capital Foundation-supported projects. A great number of monographs and articles have been published as a result of the research conducted.