THE first series of Shark Tank produced success stories including the Throat Scope, the Scrubba Wash Bag, Bottlepops and Hegs.
The makers of the Throat Scope, which allows a doctor to hold a patient’s head in place while completing an oral cavity examination, have signed a $4 million contract with EBOS Healthcare.
The Scrubba Wash Bag, with world’s smallest portable washing machine for clothes, has shifted more than 70,000 units.
Bottlepops, sport designed talking bottle openers, are in 2000 stores around Australia. Hegs, a clothes hanging system, has also gone global.
Here are three of the new inventions that Sharks Steve Baxter, Janine Allis, Andrew Banks, Naomi Simson and Dr Glen Richards will fight over this season.
SHARKNADO ALIVE — Episode 1.
NSW entertainment entrepreneur Lynton V Harris makes his living devising amusement park attractions themed around successful movies. When Lynton won the rights to create the Sharknado Alive experience, based on the hugely successful Sharknado movies, his first thought was to get Shark Tank involved. Lynton offers the Sharks the opportunity to become 50% partners in Sharknado Alive. He says they would make their money back from the first installation.
CAR NEXT DOOR — Episode 2.
Will Davies and Dave Trumbull come into the Tank looking for $300,000 for a 4% stake in their car sharing business, Car Next Door. The business model allows car owners to make money by renting out their cars. After two years’ trading, the company is turning over $2 million a year with a gross profit of $675,000.
2SHU — Episode 4.
Matt Gillett is a designer and innovator who has come up with a novel approach to versatile footwear. The 2-SHU is a pair of flip-flops that can convert into a pair of shoes, enabling the owner to transition seamlessly from an afternoon at the beach or the pub to entering a restaurant or nightclub without the need to go home and change their shoes. Matt wants $150,000 for 40 per cent of his company.
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