On April 14, 2015, The Alltech European Headquarters in Dunboyne, Ireland will host the third Alltech Innovation Competition. Six teams from some of Ireland’s top universities will go head to head with plans to boost the innovation and economic potential of the food and agricultural industry in Ireland.
The Alltech Innovation Competition celebrates business and entrepreneurship, and challenges the creative minds of undergraduate and graduate students. Participating teams prepare forward-thinking business plans on innovative ideas in food and agribusiness that will improve economies, create jobs, elevate efficiencies and foster sustainable practices. €9000 in prize funds are on the line, with the first place team receiving €4000 to inject into a potential business start up; this is the approximate amount with which Dr. Pease Lyons built Alltech, 35 years ago in Kentucky, now a company with more than $1 billion in sales annually.
Last year’s winner was a sole entrant from WIT, John Kennedy who presented an innovative android app “Field Buddy” which would track the amount of fertilizer used in their field using a GPS system. The app would provide economical benefit to the farmer and have a positive environmental impact as it will reduce fertilizer waste.
The participating universities for the 2015 competition include:
- University College Dublin
- Trinity College Dublin
- Dublin Institute of Technology
- Dublin City University
- University of Limerick
- National University of Ireland Maynooth