Startup brewing waste to replace palm oil gets Gates Foundation cash
The Bill and Melinda Gates Foundation is pumping $3.5 million into C16 Biosciences, the Y Combinator-backed company fermenting alternatives to the environmentally destructive palm oil business. The Gates grant comes alongside a $1 million check from Elemental Excelerator, a non-profit accelerator that backs climate tech “with deep community impact.” You can find palm oil pretty…