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Monday, June 21, 2021
c16 Biosciences Moves Lab Inside Hudson
Based in Los Angeles, SP Investment Fund, LLC, has managed investments in affordable housing and technology and life science start-ups for more than three decades. One company that SP Investment Fund was an early investor in is c16 Biosciences, Inc., a company working to develop an environmentally friendly and sustainable alternative to conflict palm oil.
Having recently received financing through Bill Gates's Breakthrough Energy Ventures Fund, c16 Biosciences is relocating its biomanufacturing research facility and executive headquarters to the Hudson Research Center, located at 619 West 54th Street in New York City. The space spans 20,000 square feet on the seventh floor and features preexisting office and lab amenities.
In its new location, c16 Biosciences will utilize microbiology to brew alternatives to conflict palm oil, which is used to manufacture a wide range of everyday consumer products. The global conflict palm oil industry is valued at $61 billion. In creating an alternative, the company seeks to protect wildlife, land, and natural resources. It formerly operated at 180 Varick Street, which housed its incubator facility.
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