The analysis of oil deposits currently requires toxic and radioactive liquids, explained Venture Kick. Haelixa, a spin-off from the Federal Institute of Technology in Zurich (ETH), has developed a non-toxic and environmentally friendly alternative.
In its method, special DNS-based components allow for a precise three-dimensional image of the underground deposits. Already implemented in its first oilfields, the process has also been registered for a patent.
Now, the Zurich-headquartered start-up company is being supported with CHF 130,000 from the Venture Kick Foundation to further develop its innovative ideas. “Venture Kick is a fantastic opportunity for start-ups – not only for financing in the early stages, but also for business development, when valuable input from experts can help transform an idea into a successful business,” commented Michela Puddu, co-founder and CEO of Haelixa.
Venture Kick is an initiative of the Venture Kick Foundation, which supports promising business ideas. Its goal is to double the number of spin-offs from Swiss universities and to make Swiss start-up companies more attractive for investors nationally and internationally. It also offers a competition-oriented programme.
