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Indian Govt To Launch Its Own TV Show For Startups Similar To Shark Tank
To promote startup culture in our Country, the Indian government had decided to launch its own TV show exclusively for startups. This idea had actually been inspired by a U.K.-American reality television series “Shark Tank.”
For those who are unaware of Shark Tank, let us tell you, this show features aspiring ‘entrepreneur-contestants’ as they make business presentations to a team of “Shark” investors, who then choose whether to invest or not. This show is currently in its 8th season.
Department of Industrial Policy and Promotion (DIPP) has proposed a show similar to Shark Tank for Indian startups and also decided to launch a dedicated TV channel only for Indian entrepreneurs and startups.
According to the reports, there will be a round of screening and two rounds of evaluation for the startup to feature on the show.
DIPP mentioned the process saying: “A filtering process shall be applied, young professionals and startup founders are to be targeted. The focus is to encourage the entries from all states of our country. Out of the 10,000 expected applicants, 2000 will be shortlisted.”
In the first round of screening, selected startups to participate in the offline events from seven cities – Delhi, Guwahati, Kolkatta, Bengaluru, Indore, Chandigarh, and Mumbai. In the next round, 440 will be selected, out of which 35 will be declared as ‘regional winners.’ These winners will then proceed to the ‘grand finale’ round.
These 35 members compete in front of an investor panel, who will assess the business potential of the startup. This round will be shot in a studio and will be aired on the show. This show would be aired on Doordarshan (DD National) channel.
The steering committee for this will be having representatives from the HRD Ministry, Department of Biotechnology, NITI Aayog, the Ministry of Electronics and Information Technology as well as Axis Bank and Yes Bank.
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