A group of investors and entreprenuership mentors, in partnership with the Philippines’ trade department unveiled on February 7 a reality-based business funding TV show in the country called The Final Pitch.
Inspired by the Emmy Award-winning shows ‘Shark Tank’ and ‘The Apprentice’, The Final Pitch will be aired in May 2017.
Another similar business reality TV platform was announced a few months ago. The show “I’m In” did its pilot shoot last November and might also be launched this year.
The Final Pitch creator and host John Aguilar, founder and president of Streetpark Productions Inc, said contestants will go through a business boot camp and series of challenges for their chance to make their pitch in a funding round.
It will challenge entrepreneur contestants in the realities of scaling their existing businesses ― from exploring funding options, refining their business plans, and marketing their products and services.
The size of funding will depend on the scalability of the business idea, and at which phase it is.
“The Final Pitch aims to help entrepreneurs find success by connecting them to investors who can finance them, and to mentors who can fine-tune their businesses — reducing risk factors and boosting growth potential and sustainability,” Aguilar said.
The mentors include Senator Bam Aquino, Department of Trade and Industry secretary Ramon Lopez, Ateneo Center for Entrepreneurship president Andy Ferreria, and Start Up Village chairman and professor Jay Bernardo.
Aguilar said the show is on the lookout for a final investor who will complete the investor panel, someone who is not just a successful business person with the capability to invest, but who would also like to see and help other entrepreneurs succeed.
“The Philippines is host to so much untapped talent. With this show, we will find people who have great ideas and the willingness to overcome challenges, which are important qualities of a successful entrepreneur,” Aguilar said. “This is also one way to help venture capitalists search for and nurture the next big business idea. We want to reinvigorate entrepreneurship in the Philippines, and rethink how we can contribute to its success.”