Structural and electronic properties of a small anatase TiO2, nanocrystal sensitized by the ruthenium dye N3 (Ru(4,4 '-dicarboxy-2,2 '-bipyridine)(2)(NCS)(2)) have been investigated using density functional theory (DFT) with support from Hartree-Fock (HF) and time dependent DFT (TD-DFT) calculations. Significant structural adjustments of both the dye and the nanocrystal are predicted to be induced by the strain imposed by the simultaneous formation of multiple dye-surface bonds. Electronic properties of the combined dye-nanocrystal system have also been calculated, including information about interfacial orbital mixing and the lowest excited singlet states. Ultrafast photoinduced electron transfer processes across the dye-nanoparticle interface in dye-sensitized solar cells are finally discussed in view of estimated electronic coupling strengths. The calculations predict injection times on the order of 10 fs for MLCT excitations to the ligand pi* levels that interact most strongly with the TiO2 conduction band, and an order of magnitude increase in the injection times for excitations to dye levels with poor spatial or energetic overlaps with the substrate conduction band.