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In 2013, the MCA Foundation launched the Biomedical Institute of the Americas (doing business as RedSky), a wholly-owned for-profit subsidiary of the MCA Foundation, to serve as the region’s biomedical commercialization institute. RedSky is a regional resource to all institutions of higher education, entrepreneurs, and others who wish to start a high-tech company in the biomedical space – in any area that touches life sciences or healthcare.