Ten put out casting call for Dragon’s Den style pitching show New Ventures
Network Ten has put out a casting call for a new show called New Ventures which looks set to involve entrepreneurs pitching business ideas and products in order to secure investment finance from a panel of investors.
Ten remained tightlipped on the format for the show when approached by Mumbrella for details, commenting only that it was in the process of issuing a casting call for a new show coming to the channel and details would be announced soon.
It is thought it could be a similar format to Japanese format Dragon’s Den, which aired in Australia on Channel Seven in 2005 and was hosted by Andrew O’Keefe. Seven did not renew Dragon’s Den for a second season, citing poor ratings.
One of the qualifying questions on the casting call asks applicants whether they have appeared on or applied for Dragon’s Den in the past.
Produced by Shine Australia, the team behind a number of Ten shows including The Bachelor, potential contestants are asked to submit their idea, including a detailed description, an investment amount the contestant is seeking along with the percentage of equity they are willing to give in exchange.
Contestants are then asked what would be done with the investment funds and are also required to submit information on the ownership of the company they are involved with.
The qualifying criteria include question on whether applicants have applied for Dragon’s Den before
Other entry criteria include does that idea have a patent, is the business registered, what stage is the company in (good idea, research & development, product development, shipping/live, revenue, expansion) the gross and net income of the said business and expected sale projections for this year and for next year.
Interested contestants also need to declare how they came up with the idea and any other jobs they hold, along with a list of organisations they are associated with and any awards or accolades they have won.
The application details continue to get more personal, asking about criminal records, restraining orders, lawsuits, arrests, bankruptcy and fraud.
It then moves onto the contestants medical background with wannabe contestants required to provide various details on illnesses, medications, issues with alcohol or drugs, mental illnesses and any psychologist or psychiatrist appointments.
To complete the process applicants must upload a photo and are given the option of providing a video application.
Miranda Ward
Linkedin
Finally a chance to launch a multi-national carrier pigeon company.
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Canada’s Dragon’s Den is one of the highest rated shows in the country. The American version, Shark Tank, is also a ratings hit. Both shows are extremely fun and likeable. I know many peopheron Australia who watch both. But it’s about the casting of the investors. They need to be fun, bitchy, smart and ask good questions. Edit it well, have a few dud ideas for laughs and they could have a winner.
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I’m an avid viewer of the UK version.
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Will be interesting to see who they have as judges… not that Yellow Brick Road guy again!
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Shame it’s on Ten
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I have tried to apply on the website for this show but cannot get past first page as i do not have an existing website (url) or business name for my idea???????
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I have produced a product how do i register for this show. I can’t seem to find anything but this page. I need $ to advertise and sell my product to Europe and US markets. Kindest regards janis
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I also have a new product how do I register for this show.
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