Dragons' Den
Dragons' Den, also known as Shark Tank, is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it is known as The Tigers of Money, a pun on "The Tiger of Malaya", which was the nickname of WWII general Tomoyuki Yamashita. The format was created and is owned by Nippon TV and is distributed by Sony Pictures Television.
Local versions of the show have been produced in over 40 countries, as well as one for the Arab world; in some countries, more than one version has been aired. The first version to air outside of Japan was the British programme Dragons' Den, which launched in 2005; in the several years afterward, most versions named themselves Dragons' Den or variations thereof, though some also used other animals in the title, such as lions. Since the launch of the American version of the show, Shark Tank, in 2009, many versions have been named Shark Tank or variations thereof. In versions where the name of the show contains a creature's name, the investors are referred to by that name. The Israeli version of the show, HaKrishim, was the first to use the "shark" moniker, during its launch in 2006.
Format
The contestants are usually inventors, product designers, or service operators who have what they consider to be a viable and potentially very profitable business idea, but who lack funding and/or business acumen. They pitch their idea to five rich entrepreneurial businesspeople, who in most iterations of the show are referred to as "dragons", "tigers", "lions" or "sharks". Before the show, the contestants have named a specific amount of money that they wish to get along with a percentage in the business that the contestant is offering to sell to the investors. The rules stipulate that if they do not raise at least this amount from the dragons, they get nothing. In return, the contestant gives the dragons a percentage of the company's capital stock, which is the chief point of negotiation. The program does not show the entire pitch as scenes are selected and edited from the episode due to time constraints.The dragons probe the idea further once the contestant has made the presentation. This will either reveal a sound business proposition resulting in an investment offer from one or more of the dragons in return for equity or a withdrawal from the transaction by either the contestant or all of the dragons. A rejection by the dragons is often given as "I'm out" which is usually triggered by the investor asking for a larger equity stake in the business than the contestant wants to give up, the contestant's valuation on the business being too high compared to its overall profits, the product not having any proprietary value, or the investor's belief that they cannot add value to the business. Sometimes the dragons identify troubling facts such as an embarrassing lack of preparation on the part of the contestant, the contestant's lack of business knowledge, their perceived margins, competitors, insufficient sales, or high manufacturing costs. Contestants often negotiate and barter with the investors. The deals agreed to on the program may or may not actually be carried through.
International adaptations
| Country | Local title | Network | Current Investors | Seasons |
| Afghanistan | Fikr wa Talash | TOLO | ||
| Australia | Dragons' Den | Seven Network |
| Season 1, 2005 |
| Australia | Shark Tank | Network 10 | Current | |
| Austria | 2 Minuten 2 Millionen | Puls 4 | ||
| Bangladesh | Shark Tank Bangladesh | BongoDeepto TV |
| Season 1, 2024 |
| Belgium | Leeuwenkuil | VIER |
| Season 1, 2018 |
| Brazil | Shark Tank Brazil:pt:Shark_Tank_Brasil| | Sony Brasil | Current
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| Canada | Dragons' Den | CBC | Current Former
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| Canada | Dans l'œil du dragon | Ici Télé | Current
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| China | 赢在中国 | CCTV-2 |
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| Colombia | Shark Tank Colombia:es:Shark_Tank_Colombia| | Canal Sony | Current
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| Croatia | Dragons' Nest | HRT | Season 1, 2007 | |
| Czech Republic | Den D | ČT1 |
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| Denmark | Løvens Hule | DR1 | Current
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| Egypt | Dragons' Den is El Mashroua | Alnahar | Season 1, 2013 | |
| Finland | ' | MTV3 | Season 1, 2007 | |
| Finland | ' | Nelonen |
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| Finland | Leijonan luola Suomi | Nelonen | Current
| |
| France | ' | M6 | Current
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| Germany | Die Höhle der Löwen :de:Die Höhle der Löwen| | VOX | Current
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| Greece | Dragons' Den | ANT1 |
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| Hungary | Cápák között:hu:Cápák_között| | RTL | Current
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| India | Shark Tank India | Sony [Entertainment Television |SET] | Current
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| India | Startup Singam ஸ்டார்ட்அப் சிங்கம் | Star Vijay | Current
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| Ireland | Dragons' Den | RTÉ One | ||
| Israel | Hakrishim:he:הכרישים_| | Channel 10 Keshet 12 | Current
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| Italy | Shark Tank Italia:it:Shark_Tank_Italia| | Italia 1 | Season 1, 2015 | |
| Japan | Manē no Tora | Nippon TV | Various | |
| Kenya | Lion's Den | NTV |
| Season 1, 2016 |
| Lebanon | Dragons' Den: Al Aareen | Future TV | Season 1, 2007 | |
| Lithuania | Rykliai Lietuva | TV3 | Season 1, 2025 | |
| Malta | Shark Tank Malta | TVM | Current
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| Mexico | Shark Tank Mexico:es:Shark_Tank_México| | Sony Channel Latinoamerica | Current
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| Nepal | Shark Tank Nepal | Himalaya TV | ||
| Netherlands | Dragons' Den | Current
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| New Zealand | Dragons' Den New Zealand | TV One | Season 1, 2006 | |
| Nigeria | Dragons' Den | AIT Network | Season 1, 2008 | |
| Pakistan | Shark Tank Pakistan | Green TV | Season 1, 2024 | |
| Poland | Dragons' Den – jak zostać milionerem | TV4 |
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| Portugal | Shark Tank:pt:Shark_Tank_| | SIC | ||
| Romania | Arena leilor | TVR 2 |
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| Romania | Imperiul leilor | Pro TV |
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| Russia | Капитал | TNT |
| Season 1, 2006 |
| Singapore | The Big Spark | CNA | Season 1, 2023 | |
| Slovakia | Jama Levova | TV Markiza |
| Season 1, 2023 |
| Slovenia | Dober posel | Planet TV |
| Season 1, 2012 |
| South Africa | Dragons' Den | Mzansi Magic | ||
| South Africa | Shark Tank South Africa | M-Net | Season 1, 2016 | |
| Spain | Tu Oportunidad | TVE |
| Season 1, 2013 |
| Sweden | Current
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| Switzerland | Die Höhle der Löwen Schweiz | Current
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| Thailand | Shark Tank Thailand | Channel 7 | Current
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| Trinidad and Tobago | Planting Seeds | CNC3 | ||
| Turkey | Dragons' Den Türkiye | Bloomberg HT | Season 1, 2010 | |
| Ukraine | Акули бізнесу | ICTV |
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| United Arab Emirates | Shark Tank Dubai | Dubai One | ||
| United Kingdom | Dragons' Den | Current Former | ||
| United States | Shark Tank | ABC | Current Former | |
| Vietnam | Khởi nghiệp | VTV3 | 2005–2006 | |
| Vietnam | Shark Tank Vietnam – Thương vụ bạc tỷ:vi:Thương_vụ_bạc_tỷ| | VTV3 | Current
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