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‘Shark Tank’ ag style? Alltech invests $10M in rising entrepreneurs

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Do you have an agribusiness plan that needs a little boost? Alltech is investing $10 million in the Pearse Lyons Accelerator program to provide market opportunities for entrepreneurs to fully develop their agriculture, food and ag-tech plans.

Set to run annually for five years, the program is a three-month intensive boot camp for food and agribusiness innovators that have a proven technology that is ready for market, but may need a little support in getting export market access, financing or marketing.

Select innovators will have the opportunity to present their innovations at ONE: The Alltech Ideas Conference in Lexington, Kentucky in May 2017, where more than 3,000 attendees from nearly 80 countries around the world converge. This high profile showcase will afford the opportunity to present to future customers as well as investors and potential collaborators.

“Thirty-six years ago, I founded Alltech in my home with just $10,000 in my pocket, and that investment has grown into an international business of over $2 billion,” said Dr. Pearse Lyons, founder and president of Alltech in a recent release. “Alltech’s roots are in entrepreneurial innovation, and it’s an exciting time to be in agriculture. Some of the recent ag-tech applications on-farm today include automation, drones, soil sensors and big data. What next? Personally, I am looking forward to supporting and empowering rising entrepreneurs in making tomorrow’s innovations a reality.”

Applications for the Pearse Lyons Accelerator are available now and close Nov. 11, 2016. For more information and to register for the Pearse Lyons Accelerator, please visit Alltech.com/Accelerator.

Any views or opinions expressed in this article are those of the author and do not reflect those of AGDAILY. Comments on this article reflect the sole opinions of their writers.
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