Wednesday, June 29, 2016

M-Net adds Shark Tank South Africa; produced by Rapid Blue, entries open for entrepreneurs to pitch their business plans to 5 business 'sharks'.

While the waters around Auckland Park thesedays are filled with more vicious creatures, it's pay-TV broadcaster M-Net over in Randburg that has decided to bring a local version of the format show Shark Tank to viewers.

Shark Tank South Africa is like the British Dragons’ Den that already saw a single season local version on the Mzansi Magic channel in 2014, and also revolves around investors listening to entrepreneurs pitch their business plans and ideas.

M-Net says it wants to do Shark Tank South Africa to "promote an entrepreneurial spirit in our country and believes that the fast-paced, entertaining Shark Tank format is a perfect fit for M-Net".

Like Dragons’ Den SA, Shark Tank SA is produced by Rapid Blue. Filming will start in August and episodes will be broadcast on M-Net (DStv 101) from October.

People over 18 can enter now until 24 July and have to submit a 60-second video business pitch and can be done on a smartphone.

Successful candidates will appear before the five "sharks" – who have not been announced yet – to pitch their business plan and ask for money in the hourlong episodes.

The online entry form can be found here.