All The Dragons Invest
Three University of Glasgow students have been offered £50,000 on Dragons' Den for their plan to provide clean water to the developing world. Red Button Design, founded by James Brown, Amanda Jones and Nicky Pang, asked the Dragons on the BBC Two show to back their business plan.
They claimed their invention, Reverse Osmosis Sanitation System (ROSS), could provide clean water to 1.2bn people. Each Dragon has offered £10,000 for a 2% equity stake. A deal could take place in the new year. The trio had asked the Dragons for £50,000 for a 10% equity stake.
This was the first time that Theo Paphitis, James Caan, Deborah Meadon, Duncan Bannatyne and Peter Jones had all invested in a single product and ensured the entreprenuers had the wisdom off all the dragons to advise them with their product
Ms Jones, a philosophy graduate and commercial director of Red Button Design, said: "We were thrilled with the response we received from the Dragons. We had gone in hoping to publicise our product and expecting a polite let down."