M-Net and Telkom have teamed up to launch a South African version of the US pitching show Shark Tank, which will bankroll budding entrepreneurs live on air.
Following hot on the heels of a South African edition of Dragons’ Den, which saw Ekaya, SA Florist and eShip walk away with funding, Shark Tank will begin broadcasting in October.
Interested entrepreneurs can submit 60-second video pitches here before July 31 for the opportunity to pitch in front of five “sharks”, who will be led by Gil Oved, the group co-CEO of The Creative Counsel. Oved also took part in Dragons’ Den.
“Who would not want to swim with a Shark like Gil?” said M-Net head of publicity Lani Lombard. “He is a well-loved and energetic serial entrepreneur who has proven that he is passionate about supporting disruptive thinkers with well-thought-out visions. Gil is a smart hustler who knows how to boost businesses in just the right way. We are honoured to have him as one of our Sharks.”
Oved is also a board member on South Africa’s second biggest venture capital tech fund, Grotech, and hosted a youth show in his teens. He said he is keen on investing in companies with unique – and local – IP.
“I am interested in products, services, technology and brands that need channel marketing, branding, distribution, mentorship, guidance and access to capital,” he said.
“I want to see hunger and passion and exciting entrepreneurs focused on innovating and making a difference. Respect the opportunity to present on the show, know your numbers, take the time to package your business case.”
