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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."

Image: Daymond John. IMAGE: Scott Foreman