Social Entrepreneurship Training Hub
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Press Release: TBN Asia Awarded Grant To Develop Social Enterprise Training Hub (SETH) for ASEAN.
September 30, 2019
Contact: +65 62222-777 / firstname.lastname@example.org
Singapore —Transformational Business Network (TBN) Asia has received a two-year grant from John Templeton Foundation (JTF) to initiate the project ‘Creating Jobs and Alleviating Poverty Through Business Support in Indonesia’, through our SETH (Social Enterprise Training Hub) program, which aims to provide 500 new jobs & serve 100,000 people living in poverty. SETH will support capacity building for 40 growth-stage Social Enterprises and work with them to secure investment from participating funders.
The grant will allow the team to continue to provide business scaling support and tailored expertise for pre-investment stage SMEs over the next 2 years, to help them secure and reach investment goals. TBN Asia will also facilitate matchmaking of investment-ready enterprises with other suitable impact investors to achieve the mobilization of USD 1.5 million in impact investment capital by 2021.
In addition, TBN Asia will continue building investor and entrepreneur relationships, share insights and mobilize investment through conferences and expand its presence in South East Asia, while developing local social entrepreneurship ecosystems in ASEAN.
SETH’s official debut is on 13 November 2019 in Jakarta which will also host the first round of social entrepreneurs and mentors recruitment.
To learn more about participating in the program or partnering with us, visit www.facebook.com/tbnetworksasia or email email@example.com.
About John Templeton Foundation:
Founded in 1987, the foundation has an extensive grant-funding program aimed at supporting research in physics, biology, psychology, and the social sciences as well as philosophy and theology. As of 2015, the Foundation has awarded nearly a billion dollars in grants and charitable contributions, and was the 55th largest grantor among American foundations.
SETH Program Overview
The purpose of SETH is to foster and equip entrepreneurs to build a business that is both profitable and impactful. Impact is defined as job creation that will lift families above the poverty line, improve living conditions and strengthen communities. SETH is based on the concepts in the international award winning business book Scaling Up by Verne Harnish that has helped more than 20,000 companies to scale. It has been adapted into 9 videos for online teaching by certified Scaling Up coach Jeremy Han. The practical implementation of the program will be provided by a pool of experienced business mentors who will guide the entrepreneur trainees in the implementation of the concepts to grow their business.