EW Staff
February 17, 2008 AT 05:00 AM EST

(FROM VARIETY) — Survivor honcho Mark Burnett is adapting Dragons’ Den — a Japanese show in which wannabe entrepreneurs try to convince moguls to invest in their ideas — in collaboration with Sony Pictures Television. The U.S. version will be called The Shark Tank, and, according to Burnett, will play like the early episodes of American Idol, with contestants presenting their ideas to a board of established business titans (a.k.a. the Sharks). ”It’s about seeing people squirm, either in their unpreparedness or their lies,” Burnett said.

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