Alltech founder announces $500,000 innovation award

Alltech LogoFrom the Herald-Leader: Alltech founder Pearse Lyons announced Monday that he would give away as much as $500,000 a year to help spur economic development, and he gave hints of his plans for Eastern Kentucky.

At the 30th annual Alltech International Symposium at the Lexington Convention Center, Lyons said his “Lyons Den” Innovation Fund was an outgrowth of the Alltech Innovation Competition, conceived as a way to inspire students while contributing to solutions for socioeconomic challenges in Eastern Kentucky. It has since been expanded to Ireland, Lyons’ native country.

 

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