Israeli startup RedC Biotech was awarded Tuesday $500,000 at the first-ever Aviram Awards – Tech for Humanity contest held in Dubai, the United Arab Emirates.
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RedC Biotech was founded in 2015 by Ari Gargir. The company is developing universal red blood cells for transfusions, which can be suitable for any patient, thereby revolutionizing the field by lowering prices and eliminating dependence on blood donations.
The awards were organized by Israel's Aviram Family Foundation and Forbes for innovative Middle East startups.
The foundation was established in 2011 by Israeli entrepreneur Ziv Aviram, the innovator of Mobileye driving technology.
In 2017, Intel purchased Mobileye for $15.3 billion, the highest-value acquisition of an Israeli company to date.
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