What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
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
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
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
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
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
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
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)
EU4Business Capped Guarantee
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)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
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
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

How EFSI benefits SMEs in Europe - CERSA case study: Exovite (Spain), Healthcare; ICT


Exovite is an SME dedicated to the development of technological innovation in tools and medical procedures. From their headquarters in Zaragoza, Exovite have developed an innovative comprehensive system for immobilization and rehabilitation in the field of traumatology and musculoskeletal treatments.

The system uses new technologies such as 3D-scanners and 3D-printers to produce light, durable ergonomic splints for the affected limb. Through dedicated software on the patient’s smart-phone and an electro-stimulator attached to the splint, doctors are able to design and initiate rehabilitation exercises and monitor progress remotely, without the need for frequent visits to the clinic. Treatment can start earlier, with the limb still immobilised, and from the comfort of the patient’s own home, thus preventing loss of muscle-mass and slashing the average recovery time for broken bones from 10 to 7 weeks.

Exovite aims to optimize resources in medical treatment, but also to improve the quality of life of users of the system – both doctors and patients. This system is already in use in seven hospitals across Spain and the company is looking to expand to Israel, the USA and beyond.

From the start-up phase, Exovite has been entirely dependent on investments in research and development for the various products that make up this comprehensive system. The company has grown rapidly over the course of the past year, going from eight persons to twenty. To support this growth, Exovite sought support in the form of a loan guaranteed by CERSA, as well as EIF thanks to the Investment Plan for Europe.

This EU initiative, aiming at generating new investments by supporting small and medium-sized enterprises across Europe, allowed Exovite to hire four new employees and take the business to the next level. Luis Monzon, Chief Operating Officer, explains: “At the time, we were all part-timers. With this financial support, we were able to start working on the project full-time.”

Yet Exovite, a recipient of no fewer than 12 international awards, is still just taking off: “By the end of 2016, we will be moving to new, larger offices. We have just hired someone to focus exclusively on managing sales and marketing, and soon we plan to be installing new-technology 3D printers in clinics that will produce the splints in 5 minutes instead of the current 7 hours.” Watch this space.

Company: Exovite (Spain)

Type of business: Advertising technology company; ICT

EIF financing: InnovFin SMEG, EFSI

Financial intermediary: CERSA

For further information about EIF intermediaries in Spain, please refer to: http://www.eif.org/what_we_do/where/es


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