The Mark Burnett series, a reworked version of Dragon’s Den, sees entrepreneurs investing their own money in inventions and business plans pitched to them by local inventors and business hopefuls.
In the US the show has been a consistent performer, increasing its audience every year and an Emmy nomination.
TEN has been calling for budding inventors but is yet to announce the local “sharks” to comprise the panel for the Shine-produced series.
TEN Chief Programming Officer, Beverley McGarvey, said: “Australians are among the greatest entrepreneurs in the world and the list of globally successful products that have been invented here is staggering.
“The Australian version of Shark Tank will be an accessible, compelling and highly entertaining show that will appeal to all age groups. Viewers will be captivated by the passion, enthusiasm and drive of our inventors – and by the incredible ideas they will present to our Sharks.
“We will announce the Sharks soon. Like the inventors, the Sharks will bring their passion, enthusiasm and drive – plus their cash – to Shark Tank, along with their years of experience and success and a powerful desire to help find the next great Australian success story,” she said.
Shine Australia CEO, Mark Fennessy, said: “This unique, smash hit format is a sensational project for Shine. It will be a feeding frenzy for viewers as ambitious entrepreneurs present breakthrough concepts to the Sharks – potentially becoming Australia’s next generation of millionaires. We look forward to working with Network TEN to bring Shark Tank to life.”
Aside from Dragon’s Den repeats, there’s nothing else on the box in this genre, so fingers crossed this one fires for TEN.