What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Prêt Participatif Grand Est
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

Helioz: preventing waterborne disease in a sustainable way

image

In 2018, an estimated 660 million people still don’t have access to clean drinking water. Martin Wesian experienced this first-hand experience during a trip to Venezuela, where he caught cholera by drinking contaminated water. Upon recovering, he decided to tackle the problem head-on.

Martin focussed on “solar water disinfection”. This is a natural process, with no batteries, filters or chemicals, in which UV radiation from the sun eliminates harmful pathogens in the water. It can be achieved simply by filling PET plastic bottles with water and exposing them to sunlight for a certain period of time. However, this process is underutilized mainly because of the difficulty in predicting exactly how long it takes for the water to be disinfected.

Martin therefore spent his postgraduate studies developing a device to measure the process of solar WAter DIsinfection: the WADI. On the back of this invention, he founded Helioz, an Austrian social enterprise with an innovative solution to prevent waterborne diseases. “I realized there was an opportunity to make an impact on people’s lives”, Martin explained, “we are a social enterprise, and while revenue is important, it’s not the most important thing for us. We are pursuing a social and environmental cause.”

WADI can be placed alongside bottles filled with contaminated water as they are exposed to sunlight and a smiley face on the WADI indicates when the water is safe to drink. This process also saves up to three tons of CO2 emissions per year compared to boiling the water.

In order to scale up the business and boost hardware production to meet growing demand, Martin sought financial support from Erste Bank, in the form of a loan guaranteed by EIF under the EU’s Employment and Social Innovation programme. “Finding financing at that stage of the business is very difficult”, Martin says, “but it is especially difficult in the social enterprise sector – most banks don’t understand our business model. Without the loan, things would have been very difficult for us.” With this financial support, Helioz was able to increase its staff numbers and production volumes. Beyond making the WADI, the company also promotes sanitization and hygiene training all over the world, from South America to Kenya, Uganda, Bangladesh and beyond.

“Our challenge in the future is to make the WADI even cheaper so that we can reach out directly to those who need it most” Martin adds.

Company: Helioz (Austria)

Type of business: social enterprise

EIF financing: EaSI Guarantee Financial Instrument

Financial intermediary: Erste Bank

For further information about EIF intermediaries in Austria, please refer to: http://www.eif.org/what_we_do/where/at/index.htm

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.