Bill Gates announced a $100 million fund that would help small companies that could use the technology to make food cheaper.
In a tweet, the Microsoft founder said he’d raised the fund in hopes of using the money to help startups get started.
He also said that the fund would be for companies that are trying to get a foothold in the food-processing space.
He has been spending big in recent years on buying up food-products makers.
Earlier this month, he announced the creation of a food-science venture fund to invest in startups that would create new foods, expand supply chains and improve nutrition.
Last year, Gates made a $2 billion investment in food-technology companies including Impossible Foods.