Shark Tank (Australian TV series)
| Shark Tank | |
|---|---|
 |
|
| Genre | Reality |
| Directed by | Randall Churchill |
| Presented by | Sarah Harris |
| Starring |
|
| Country of origin | Australia |
| Original language(s) | English |
| No. of seasons | 2 |
| No. of episodes | 28 |
| Production | |
| Location(s) | Fox Studios Australia |
| Running time | 60 minutes |
| Production company(s) | Shine Australia |
| Release | |
| Original network | Network Ten |
| Picture format |
576i (SDTV) 1080i (HDTV) (2016-) |
| Audio format | Stereo |
| Original release | 8 February 2015 – present |
| Chronology | |
| Related shows |
Dragons' Den Shark Tank |
| External links | |
| Website | |
Shark Tank is an Australian reality competition television series that premiered 8 February 2015, on Network Ten. Based on the international Dragons' Den and Shark Tank format, it has aspiring entrepreneur-contestants make business presentations to a panel of "shark" investors.
Following the finale of season 2, Network Ten announced that a third series had been commissioned set to air in 2017.
The show is hosted by Sarah Harris and features a panel of investors whom are the "sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. The sharks do receive money for their participation, but they invest their own money. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.
The potential exists, if one of the sharks is interested, for a deal to be made right there on the show. However, if all of the sharks decline, the contestant leaves with nothing. Shark Tank has been described as demonstrating "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."
Shark Tank is the second Australian series to be based on the show format. The first adaptation, Dragons' Den, was an unsuccessful 2005 series that aired on the Seven Network.
Shark Tank premiered on 8 February 2015 and aired 15 episodes through to 7 June 2015 with a regular timeslot of 8:00pm Sunday. It was renewed for a second season in the season finale. Season 2 premiered in 2016 with Glen Richards replacing John McGrath as a panelist.
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