Simon Cowell is set to introduce a new business themed reality TV show that will rival The Apprentice and Dragons Den.
According to The Sun the show will see wannabes competing against each other to win £1 million. The currently unnamed show will be created by Simon’s team at his Syco production company. Some people may argue that the show is very similar to Dragons Den or The Apprentice, however there is a twist involving the viewers deciding on the viewers fate.
Each week, business people will be given two minutes to explain their proposals to a panel of three “benefactors” in the hope of securing a £100,000 investment.
The public will then vote on how much money they should receive, up to a £70,000 limit – and if they secure at least a £35,000 backing from viewers, the benefactors will then be able to offer another £10,000 each.
The entrepreneurs who win the highest investment in each episode will then return for the series finale, when they’ll go head-to-head for the £1million jackpot.An insider told the newspaper: “How often have you watched Dragons’ Den and disagreed with the Dragons? This way, the power won’t lie with the business bigwigs but with the audience at home.“After all, they are the people who will hopefully be buying whatever it is these entrepreneurs come up with — the show would do the market research.”
The idea will be pitched to broadcasters in the near future, including ITV. Many people were surprised at Simon’s idea as he has no experience in this business area. The X Factor USA and Red or Black have recently been axed so there are some speculations over the new show. However Simon has produced a lot of successful shows so who knows this could be another great one.