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Home Science & Technology Startup Nation

'Tech for humanity': Israeli startup developing universal blood awarded in Dubai

Company wins $500,000 for technology that could revolutionize the blood transfusions field by lowering prices and eliminating dependence on blood donations.

by  Erez Linn
Published on  03-23-2022 17:13
Last modified: 03-23-2022 17:16
'Tech for humanity': Israeli startup developing universal blood awarded in DubaiElad Gutman

RedC Biotech CEO Avi Gargir (right) awarded in Dubai | File photo: Elad Gutman

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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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