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iHub By Leo Mutuku / September 22, 2011

Dragon’s Den

1 Comment

A special edition of a UK reality show, Dragon’s Den, is set to be filmed in Nairobi, Kenya soon by Comic Relief . It is billed as the UK version of the ABC show, Shark Tank.Comic Relief is giving a chance to local entrepreneurs who are seeking investments for their business ideas or inventions countrywide to realize their business ambitions.

The concept of Dragons’ Den is that five multimillionaire investors, also known as the ‘dragons’, with a combined net worth of almost a billion pounds will come to Nairobi in November to hear pitches from local entrepreneurs for any kind of business with the aim of investing in the best. The investors are looking for entrepreneurs whose proposals demonstrate a unique selling point, scalability, clear route to market and a planned exit strategy. Further, they should be able to explain how their proposal has what it takes to be a success and will make a difference to the local community.

The entrepreneurs stand a chance to secure an investment of about $50,000-$250,000 for their business idea, in exchange for selling a share of their company to the ‘Dragon’ investing in them. The catch is that, the entrepreneurs must get AT LEAST the amount they are asking for or walk away with nothing.

The Den beckons- this is an opportunity to make your business dream a reality.

For further information, visit Dragons’ Den or watch Dragon’s Den on You-Tube.

You can also email: DragonsDenNairobi@bbc.co.uk at Comic Relief.

Author : Leo Mutuku

Leo leads the data science lab at iHub Research. She conducts research on open data, data science and visualisation, design research methods, market and investment research.


1 comment
  • Katy Raffin at 16:36:31PM Monday, September 26, 2011

    NB THIS IS THE CORRECT EMAIL ADDRESS FOR AN APPLICATION FORM.
    PLEASE CAN YOU AMEND?
    THANKS
    DragonsDenNairobi@bbc.co.uk

    NB also the amount that will be invested has not been decided so this is incorrect too – please can you change?

    Reply

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