The Pearse Lyons Accelerator is a three-month innovation programme for the top 10 leading agri-tech startups from across the world. The accelerator offers workspace, mentoring and the possibility of investment. The programme combines Alltech’s leadership and expertise in agricultural and nutritional science with the tech ecosystem and startup network of Dogpatch Labs.
Alltech is an agricultural science company founded in 1980 by Irish entrepreneur Dr. Pearse Lyons. With more than 30 years of research in animal nutrition and health,. Alltech is passionate about finding technology leaders in innovation.
Dogpatch Labs, a startup hub with over 350 members in the heart of the Silicon Docks, is home to many of Ireland’s fastest-growing tech startups. Building strong corporate partnerships with Google, ESB, Ulster Bank and Pivotal Labs, Dogpatch Labs is a known and trusted brand. What networking and educational opportunities does Dogpatch Labs provide?
- Dogpatch Labs will provide mentors with expertise in various areas, such as investment, international expansion strategy, UX Design, etc.
- Access to a wide investment network, such as Jon Bradford and his top-class European network.
- Dogpatch is part of the Google Tech Hub Network, and therefore, you will have access to all 40+ Google Tech Hubs across the world.
Alltech’s innovation strategy pairs collaboration with external startups alongside their own internal programs, an approach that keeps them at the leading edge of their industry. The accelerator is focused on truly innovative agritech startups that are “at product,” “at revenue” or “at investment,” and have disruptive and exponential technologies at the core of their solution.
- At Product: Highly scalable product, global ambition; version 1+ product developed and in the marketplace.
- At Revenue: Customers are paying for their products; clear line of sight on new revenue opportunities.
At Investment: From Seed (€100k) to Series A (€10m) funding; a market opportunity of at least $100 million.
Ten leading agritech startups from across the world will participate in a three-month, cohort-based Accelerator offering work space, mentoring and the possibility of investment.
- Application process: October–December
- Accelerator Core Phase 1: 4 – 8 February
- Accelerator Core Phase 2: 11 – 15 March
- Accelerator Core Phase 3: 29 – 3 April/May
- ONE: The Alltech Ideas Conference Kentucky: 19 – 21 May
The application process begins online, on the F6S-page with an application form. You will find 20 questions with a focus on your team, your product and the market you are in, and how you think you’ll grow through the Alltech network. It takes most applicants 30 minutes to complete.
Shortlisted candidates will be invited for phone interviews and, afterward, for an in-person interview the beginning of January 2019.
The Accelerator aims for startups with a disruptive idea, a solid team and the ability to execute those ideas. From the 300+ applications, a shortlist of 20 startups will pitch in front of a selection panel consisting of Alltech executives and programme advisors. Finally, the 10 best startups will receive an invitation for the Accelerator, to begin in February 2019.
We may request further documentation after the initial application, but only to the extent you are comfortable sharing with us.
Startups will be notified of their acceptance on 13 January. The programme will commence on Monday 4 February.
Anyone from anywhere can apply. If you’re accepted, you’ll need to have a legal right to be in Ireland. If you currently aren’t able to, we can put you in touch with agencies and services that can help you with visas and immigration, but we can only do this once you’ve been accepted into the programme.
Demo Day is on Thursday, 2 May at Dogpatch Labs. We’ll invite key people from our network of industry leaders, press and investors.
Following this, startups will be flown out to Lexington, Kentucky, to pitch at ONE: The Alltech Ideas Conference on May 19-21.
All three core phases of the Pearse Lyons Accelerator will be held at Dogpatch Labs, a startup hub in the heart of the Silicon Docks in Dublin, Ireland. ONE: The Alltech Ideas Conference, where the 10 participating startups will pitch in front of 4,000+ AgTech enthusiasts, will be held in Lexington, Kentucky, from 19 – 21 May 2019.
For startups, participating in the Accelerator is free, and we do not require any equity. Alltech provides all 10 startups a stipend of €15.000 each for the entire programme. This fund is to be spent on flights and hotels, among other things, during the three core phases and the ONE Conference.
When startups apply to the Pearse Lyons Accelerator, they give permission to Alltech and Dogpatch Labs to view and evaluate their business ideas. We recommend that startups avoid sharing any proprietary information in their applications.
The short answer is no. Upon joining the Accelerator, the startup and Alltech will sign a reciprocal NDA. Alltech has no special rights or options on Intellectual Property rights of the startup, and there is no equity taken for the €15,000 stipend.
If Alltech decides to invest further in one of the startups, the legal terms associated with the investment will be determined on a case by case basis.
There is an Investment Fund associated with the Accelerator — however, there is no guarantee of investment. Such a decision would be made by mutual agreement with the startup, and the legal terms associated with the investment will be determined on a case by case basis. The Investment Fund is separate to the Accelerator programme and Dogpatch Labs does not manage it.