[DUNBOYNE, Ireland] – The first Irish Alltech Innovation Competition 2013 saw six teams from five universities present business plans to a panel of judges, with the top prize awarded to the most viable venture. AgTech4, from the University of Limerick, won the overall prize of €4,000 with their personal gas detector, a device designed to detect poisonous gasses released from slurry on farms. This device has the potential to create jobs, bring business to Ireland and also to save lives across the globe.

Teams from the University of Limerick, Dublin Institute of Technology, University College Dublin, Dublin City University and Waterford Institute of Technology each presented a business plan for product or service of their own creation. Judges Frank Mulrennan, CEO of Celtic Media Group; Constantin Gurgiev, lecturer in finance from Trinity College Dublin and Declan Coyle, leadership consultant and director of Andec, were consistently impressed with the overall standard of the ventures.

Other business concepts included a custom car sticker company called Vinyl Styling; a compostable container for household waste called Tierrabox; an onsite test for pyrite in building materials called Silex; a BYO bottle filling station called Ishca, and a foot reviver from Synergy Foot Solutions.

The winning personal gas detector from AgTech4 is a portable device that can be strapped to the arm of a person going on-farm and will sound an alarm at in the presence of hydrogen sulphide and methane gas. These gasses are invisible and highly toxic, resulting in 23 deaths since 1996 and this device is sensitive enough to sound an alarm before any physical symptoms manifest.

“The range of ideas presented here was fantastic. All of these projects started with a serious problem and were combined with academic expertise to result in a product that is in some cases ready to go to market,” said Constantin Gurgiev. “If I had the funds in place I would have taken those ideas straight to pitch.”

Dr. Pearse Lyons found the overall competition encouraging, stating that “if we want hope for the future of our country all we have to do is look to the youth. If these young people are a reflection of the talent and potential that Ireland has to offer then we have nothing to worry about. This is where we need to put our investment and this is where the solutions will come from. This has been a fantastic start to Alltech’s Gathering initiatives and I wish the best of luck to all contestants in their future careers.”

[LEXINGTON, Ky.] – In May 2012, Alltech issued a challenge – create jobs in the Commonwealth, a state that ranks number one in its basketball prowess yet is the fifteenth worst for finding a job. On Saturday, three universities - University of Pikeville, University of Louisville and University of Kentucky – rose to that challenge at the Alltech Innovation Competition, proposing a diverse array of economic development solutions, ranging from switchgrass for fuel to aquaponics and modular housing.

The three student teams were asked to focus on the nine Eastern Kentucky counties of Bell, Floyd, Harlan, Johnson, Knott, Letcher, Magoffin, Martin and Pike. While Kentucky hovers just above the national unemployment rate of 7.9 percent at 8.1 percent in December 2012, some Eastern Kentucky counties have seen unemployment rates above 13 percent, nearly double that of the national base.

A panel of independent entrepreneurs and private investors selected the University of Kentucky as the $10,000 winner of the Alltech Innovation Competition. The UK team’s four MBA candidates – Lee Gage Goatley, Jarrod Willis, Jordan Denny and Jordan Laycock – proposed a plan for reclaiming mountaintop sites by growing switchgrass for fuel production. When the switchgrass is processed with a white rot fungus, butanol is produced as a by-product. While ethanol is the most popular fuel additive globally, it is corrosive, unable to be transported through pipelines, and it diverts corn from its use as an important food source. Butanol, on the other hand, is less corrosive, can be transported through pipelines and has a much higher concentration of BTUs.

With exclusive rights to technology developed by two University of Kentucky professors, the UK team’s TerraCast Technologies would target 104,925 acres of reclaimed mountaintop land in the nine Eastern Kentucky counties. Organic, sustainable, perennial and drought-tolerant, the switchgrass would provide additional income for Eastern Kentucky farmers, who would be contracted to seed and harvest.

The switchgrass would be processed with water, white rot fungi and soil microbes in an on-site fermentation bunker to produce acetate, butanol and ethanol. Acetate has marketability as a universal solvent used in cleaning supplies. The butanol, however, would be sold to specialty and petroleum companies for fuel production, a significant need given Kentucky’s 20 percent biofuel initiative and federal renewable fuel standards of 36 billion gallons by 2022.

“Ten thousand dollars, the top prize in today’s competition, is the exact amount with which we started Alltech, now almost a $1 billion company,” said Dr. Pearse Lyons, president and founder of Alltech. “So I am eager to see what can be accomplished through the hard work and innovation of not only our winners from the University of Kentucky but all three teams. Kentucky, indeed the world, is ready for their ideas.”

The University of Louisville took home a second place prize of $6,000 for their EcoVision Development plan to construct multi-family, modular housing. The plan repurposes the master tradesmen from Kentucky’s now fledgling houseboat industry to construct the homes, which would be used to meet a significant need for affordable, energy-efficient housing in Eastern Kentucky. Inspired by prototypes from the University of Kentucky College of Design and Kentucky Highlands Investments, the homes would cost under $100,000 and require less than $1 per day of energy. The energy savings would increase the occupants’ disposable income funds by 5-9 percent.

The $4,000 third place award went to the University of Pikeville for their Appalachian Artisan Foods plan to utilize aquaponics for the local production of fresh, organic foods. The team devised a three-tier design to maximize use of greenhouse space for aquaponics. Shade vegetables including alfalfa would be grown on the first layer, beneath a second tier of ginseng and, ultimately, a top layer of hops and vines. Tilapia would also be raised within the greenhouse. The fresh produce and tilapia would be sold to wholesale food corporations in Kentucky, regional groceries and local restaurants. The ginseng, valued at $800 - $1500 per pound, would be sold internationally.

“The Innovation Competition was created because it is past time to balance the scales and cultivate a Kentucky that leads the nation not only in college sports but also employment,” said Dr. Pearse Lyons, president and founder of Alltech. “Did the Innovation Competition live up to our expectations? Absolutely not. It dramatically exceeded our expectations, and I firmly believe this is only the beginning of something very special in our state.”