Why Shark Tank’s Daymond John Is Getting Into the Incubator Game

There’s a reason Shark Tank‘s Daymond John has earned the nickname “The People’s Shark”: He’s all about spreading the wealth. 

In an interview with Inc. Tuesday, John shared his plans to open his own incubator program to help foster entrepreneurship for the next generation of founders.

“I know I’m going to do it, I’m just not certain if it’s going to be an incubator for kids with learning disabilities, like dyslexia or attention deficit disorder, or something else,” John says. “I want it to be a little different in regards to the angle.”

While John hasn’t set a timetable or announced any formal plans for the program, he has begun reaching out to partner organizations and individuals to help him get started on the initiative.

“I’m corralling all our great corporate partners as well as my personal ‘Sharks’ to look into an incubator that I think will be powerful,” he says.

If Inc.‘s 2015 30 Under 30 list is any indication, accelerators and incubators continue to play a crucial role in helping young entrepreneurs turn startup ideas into fast-growing companies. This year’s honorees include Joe Aigboboh, who launched his mobile game company PlayQ in the accelerator Techstars, and Adam Lyons, who started his car insurance startup at Pittsburgh-based accelerator AlphaLab.

So what are John’s ultimate goals for his new incubator? “I’m looking for the next Zuckerberg,” he says.

To hear more about John’s passion for entrepreneurship, check out the video below from this year’s GrowCo Conference.