Solazyme’s Jonathan Wolfson began his presentation with an interesting fact: Algae is the world’s original oil producer; all plants on Earth have evolved from algae, which converts all types of biomass into renewable, healthy oils. Solazyme aspires to use one of the world’s smallest microbes to solve some of the world’s largest problems. The company has developed a process for tailoring oils for better, higher performing products, including triglyceride oils, which are the third most-used oils in the world and can replace petroleum oils. Wolfson notes that you cannot innovate without risking failure. “To make a difference, you need a community of innovators. The next wave of innovation is up to all of us,” he said.