„CAPE 10 – The House That Helps“
Binder Grösswang supported the "CAPE 10" project, a modern social, health, and innovation center in Vienna's Sonnwendviertel district, which was initiated by Univ.-Prof. Dr. Siegfried Meryn. The team led by Emanuel Welten and Florian Khol advised on financing, particularly in connection with the creation of a social impact hybrid bond to get the non-profit foundation off its feet financially. This is a novel and innovative financing model that was used for the first time in Austria for a project worth tens of millions of euros.
Today, CAPE 10 is a vibrant place of social innovation and encounter: its approximately 5,000 m² of space is home to publicly funded health facilities, a day center for homeless women, a social-economic restaurant, and numerous children's support projects in the areas of health, education, and participation. In this way, CAPE 10 creates real opportunities for a healthy and self-determined future – especially for children and young people from families affected by poverty.