C16 Biosciences, makers of Palmless™, ramps up in food fueled by fresh funding
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Wednesday, January 24, 2024
Food, Beverage, Manufacturing, Cosmetics, Retail, Other Technology, Research, Science, Technology, Agriculture, Alternative Energy, Marketing, Natural Resources, Energy, Other Retail, Advertising, Communications, Engineering, Chemicals, Plastics, Entrepreneurship, Biorefinery, Beauty, Multimedia, Food security, Melinda French Gates, Oil, Bill, Fermentation, Torula, Fats, Pangaea, FDA, Elemental, Plant, Palm oil
C16 Biosciences has developed an innovative biomanufacturing process, leveraging yeast rather than plants, to produce oils and fats using fermentation.
Key Points:
- C16 Biosciences has developed an innovative biomanufacturing process, leveraging yeast rather than plants, to produce oils and fats using fermentation.
- With this grant, to be received over 3 years, C16 Biosciences will hire additional research and development staff.
- On November 9th, C16 Biosciences was awarded the World Cell-base Innovation Award for “Best Cell-based Ingredient”.
- In October, the company joined Elemental Excelerator’s Cohort 12 and was awarded $1 million to advance efforts in food toward FDA GRAS status.