Louisiana Tech spin-out wins the inaugural LA Startup Prize.

Alchemy Geopolymer Solutions, a cleantech spin-out of Louisiana Tech University, has won the inaugural LA Startup Prize, worth $50,000.

The competition was set up to better connect young companies to investors and foster a culture of entrepreneurship in northwestern Louisiana – LA denotes the state’s acronym, not the city of Los Angeles.

Alchemy won out against four other finalists. The company is working on a novel concrete which is made entirely of out fly-ash, a by-product of coal-burning. The material…