Alltech launches start-up accelerator for second year


Alltech has announced the opening of the Pearse Lyons Accelerator, a global start-up accelerator programme backed by Irish entrepreneur Dr Pearse Lyons.

The three-month programme will be hosted at startup hub, Dogpatch Labs, and will conclude on the main stage at ONE: The Alltech Ideas Conference, where startups will have the opportunity to present to more than 4,000 attendees. 

Last year’s startups collectively added $50m in new qualified sales leads across 28 international markets by the end of the accelerator, according to Alltech. 

“Alltech’s roots are in entrepreneurial innovation and, as a global industry leader, we are well-positioned to open doors for the next generation of industry disruptors,” said Dr Lyons. “It is essential to empower the next generation of ag-tech entrepreneurs who are pioneering for a sustainable future.”

In its first year, the Pearse Lyons Accelerator received 183 applications from 38 countries across six continents, and the startups selected for the 2017 cohort hailed from eight different countries with an average funding of $3.5m each and $35m collectively.

“Last year saw some amazing outcomes for the participating start-ups,” said Patrick Walsh, managing director of Dogpatch Labs. “We’re excited to welcome a new cohort from across the world. This programme focuses on a unique environment for the accelerator applicants to drive sales and secure investment as well as mentoring and resources for founders through our connection to the startup ecosystem.”

The deadline for applications to the Pearse Lyons Accelerator programme is December 22, 2017.

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