On Wednesday, NBC Universal announced that the 42-year-old CEO and former model would be teaming up with Rob Dyrdek and Rohan Oza to serve as mentors on the upcoming series Funded.
The business series is about entrepreneurs from start-up companies who will receive help from the mentors in order to convince the audience that their company is the one that should get funded from the Venture Capitalist in each episode and win $1 million cash for their business.
"I have spent my life encouraging people to BYOB — Be Your Own Boss," Banks said in a statement. "Making everyday people's dreams come true is what I live for. Funded is the life-changing type of television power project that gets me pumped. We will enlighten and entertain audiences big time and encourage our viewers to attack their most outrageous goals with fierce determination."
In each standalone episode, start-up companies will be paired with one of three mentors. At the end of each episode, the start-ups and their mentors must face a Venture Capitalist in front of a live audience, and make the case why their company could be the next great company. If chosen they'll receive full support from the venture capitalist and a $1 million cash infusion. Only one start-up per episode can get funded, and only one mentor will be able to claim bragging rights.
In October, Banks also announced that America's Next Top Model would be ending after 22 seasons. The show was eventually picked back up by VH1, but Banks was not brought back as the host.