Enterprise Nation Fund launches with TikTok to champion relentless value-driven businesses
Posted On August , 2023
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Small business support platform and membership organisation Enterprise Nation has launched its own annual fund in partnership with TikTok to offer financial assistance and mentoring to the brave businesses that are relentlessly driven by their values.
The platform, which supports 800,000 start-ups, early stage and small businesses every year, has pledged to deliver three £5,000 grants, 12 months of one-to-one mentoring with an expert entrepreneur – including Emma Jones, CBE, founder of Enterprise Nation – plus an epic bundle of targeted resources worth thousands of pounds.
TikTok will also provide access to ads specialists in its London office who will provide guidance on building brand presence and driving sales on the platform.
The fund aims to champion the businesses that reflect Enterprise Nation’s own values, the ones that understand the deep advantages of aligning with their own community, the incredible power of trust, and those that demonstrate an inspiringly entrepreneurial spirit.
The fund will be accepting entries from businesses that excel in the following areas:
Emma has taken Enterprise Nation from start-up to more than £8m revenue in 2023, delivering a digital platform to support small businesses in the UK and Ireland with the technology to support businesses globally.
She said: “We truly believe in the power of entrepreneurial spirit, trust and community, these are the qualities that best reflect our values and we want to celebrate and reward businesses that share that vision.
By launching our own fund with TikTok, we hope to create a legacy that will help the next generation of businesses to collaborate and support each other in innovative ways.”
In a recent study from Oxford Economic, activities by SMEs on TikTok contributed £1.63bn to UK GDP in 2022. SMEs using TikTok as an advertising and marketing platform for growth supported 32,000 jobs in 2022.The study also found owners of SMEs on TikTok are also 55% more likely to be ethnic minority entrepreneurs, and under 30.
Lisa Friedrich, TikTok SMB leader in EMEA said: “At TikTok we are incredibly humbled by the inspiring small businesses that come to our platform every day to promote and sell their products. TikTok has become a key part in their marketing strategy, as an affordable and engaging way drive sales and we’re very proud of the role we’re able to play in breaking down the barriers to starting a growing a business.
We’re delighted to support the Enterprise Nation Fund and hope it will inspire a wealth of passion, creativity and innovation in the small business community.”
Entries open on August 10 and close on September 14, 2023. A shortlist of 30 successful entrepreneurs, 10 in each category will then go to the public vote with finalists going forward to judging. The winner will be announced in October.
The three winners will receive:
Entries on https://www.enterprisenation.com/enterprise-nation-fund/
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