TikTok & Blossom Launch SME Empowerment Programme for KSA Startups
The programme offers grants of up to $60,000 alongside mentorship support.
TikTok, a global short-form video platform, and Blossom Accelerator, a Saudi-based startup accelerator and investment platform, have launched the second cohort of the TikTok x Blossom SME Empowerment Program, a three-month accelerator supporting artificial intelligence startups in Saudi Arabia.
The programme provides mentorship, funding support and access to industry networks, with grants of up to $60,000 available to participating startups to implement their solutions.
The second cohort will begin with an AI hackathon aimed at identifying promising teams, followed by the accelerator phase. The hackathon and accelerator operate as separate tracks, each offering different forms of support.
Strategic partners include Monsha’at and the Center of Digital Entrepreneurship under the Ministry of Communications and Information Technology.
The first cohort supported 14 startups, generating $840,000 in revenue growth and helping participants secure more than $14 million in funding.
