Auntie BBC has announced today the identities of two new Dragons who will preside over an online-only version of BBC Two’s Dragons’ Den. Sorry if I got your hopes up for a scoop on the TV show. Anyway, you shouldn’t be too downbeat! It means even more Dragons’ Den for you fans! So, who and what the devil is going on? Well, welcome to the fold, Shaf Rasul and Julie Meyer (who is pictured above), two highly successful entrepreneurs, who will give Britain’s budding business men and woman the chance to secure up to £50,000 of investment for their ideas.

Related: More Dragons’ Den on TV Scoop

Anyone… absolutely anyone who doesn’t mind the potential threat of a public dressing down… with a product or business idea can visit bbc.co.uk/dragonsden to apply. Of course, the most innovative and entertaining/daft will be selected by the BBC to be pitched to the online Dragons.

These encounters, capturing all the drama and tension that are the hallmark of the show, will be available exclusively online from Monday 30th March and will be updated weekly.

Dominic Byrne, he’s the newsreader from The Chris Moyles Show on Radio 1, will host the online Dragon’s Den, interviewing the entrepreneurs before and after they pitch, chatting to the Dragons and finding out what goes on behind the scenes when the cameras stop rolling.

So who are these new Dragons then?

Julie Meyer is known for supporting internet and technology entrepreneurs over the past ten years in the UK, having helped UK hits like lastminute.com and WGSN secure funding, and having advised Skype and Espotting early in their development. She has backed many growing tech and media firms including SpinVox, Monitise, SliceThePie and Zopa.

She founded First Tuesday in 1998, and led a roll out of the company to include 500,000 entrepreneurs across the world, groups of which networked each first Tuesday of the month. First Tuesday was sold at the height of the market for millions. Julie founded Ariadne Capital in December 2000 and launched Entrepreneur Country, the start-up community in 2008. Julie is a World Economic Forum Global Leader for Tomorrow and an Ernst and Young Entrepreneur of the Year.

Edinburgh-based Shaf Rasul established optical-media distribution company, E-Net Computers Limited, in 2000 and it is now the largest storage media distributor in Europe and one of the biggest buyers of optical storage products in the world. As well as expanding E-Net Computers, Shaf has developed a venture capital investment portfolio, worth in the region of £30million, which focuses on property, asset management and internet technology.

Dominic Byrne said: “I’m a huge fan of the TV show so to get a chance to be working on Dragons’ Den online is really exciting. I’ll be talking to all the entrepreneurs finding out how they got the idea for their invention and if they get a ‘yes’ in the den how that might change their lives. I’ll be chatting to the Dragons too and I’m hoping to have a bit of fun with them. Oh … I’d also like one of them to explain to me what a ratchet system is. No idea at the moment.”