Padraig and Tom Hennessy, founder of the company
Kildare based Ag-tech company TERRA NutriTECH is one of just ten companies from around the world to be selected for the prestigious Pearse Lyons Accelerator Programme.
Specialising in precision delivery of liquid supplementation for livestock through water systems on farms, the family run company who now have a five percent penetration within the Irish dairy mineral market, will work with Alltech and partners Dogpatch Labs.
Now in its third year, a record breaking 251 start-ups from 53 countries applied to be part of The Pearse Lyons Accelerator.
Based in Moone, TERRA NutriTECH, a family run company recently announced news of a €2 million investment towards research and development and global expansion plans.
The innovative technologies were developed by brothers Tom and Padraig Hennessy who founded the company in 2012. Farmers are the beneficiaries of their product design with important elements being the accurate delivery of supplements, elimination of waste and labour reduction which leads to improved herd health and higher farm profitability.
This new accolade follows on from Terra NutriTECH being awarded the overall winner of the National Enterprise Awards, a first for a Kildare company and winners of the Google Adopt-a-Startup program 2018.
The Pearse Lyons Accelerator was the brainchild of the late Dr. Pearse Lyons, founder of animal nutrition company, Alltech. In the early 1980s, he developed the company in his garage beginning with just $10,000.
“What makes this accelerator unique is the commitment from Alltech’s leadership to actively mentor the start-ups. This now includes our president and CEO, Dr. Mark Lyons who is directly involved in the programme and sees collaboration through innovation as a key growth strategy for Alltech,” said Robbie Walker, Alltech’s Programme Director of The Pearse Lyons Accelerator.
“Alltech has always been a thought leader in the industry and the focus is bringing the latest and greatest innovations to their customers. Running the accelerator gives an opportunity to learn about these new technologies and showcase them to customers”.
Their aim of the programme is to accelerate the business development of each of the ten selected companies culminating with the start-ups presenting on the main stage at one: The Alltech Ideas Conference in Lexington, Kentucky, USA in May. More than 4,000 Agri industry leaders from over 70 countries will be in attendance.
“Through the Pearse Lyons Accelerator we carry on my father’s the legacy, his entrepreneurial spirit and his desire to empower the next generation of entrepreneurs who are transforming the face of agriculture.” said Mark Lyons, president and CEO of Alltech.
Other accelerator companies selected hail from Canada, the United Kingdom, the United States, Portugal and Spain.
Mr Lyons said: “Our class of 2019 start-ups focus on all aspects of agriculture including animal welfare, meat quality, crop health and increased productivity. The final 10 reflect the full breadth of Alltech's global operations and we believe that their technologies can make us and our customers more sustainable, profitable and innovative.”