Radium Capital has teamed up with Cicada Innovations to become the Sydney-based deep tech incubator’s inaugural Pioneer Partner. Our exciting collaboration marks the start of a new initiative by Cicada Innovations to connect deep-tech innovators with the supporting products and services they need to succeed.
David Brennan Radium Capital’s Co-founder says, “Funding is the first building block all enterprises require to get started, so it makes sense that Radium is Cicada’s first Pioneer Partner.”
“We don’t just support start-ups. We support all companies with R&D that claim the R&D tax incentive refund.
“R&D activities for deep tech ventures are especially intensive. They need consistent R&D investment to finesse their innovation and stay ahead of the competition. And Radium offers the consistent capital solution they’re looking for.”
Deep-tech innovation encompasses entrepreneurs creating life-changing technology – applying cutting-edge science such as advanced materials, synthetic biology and AI to challenges that include the future of human health, food security and the climate crisis.
Cicada Innovations has a growing community of over 5,000 members who want to support and unlock the potential of deep tech. By connecting entrepreneurs, policymakers and researchers, Cicada Innovations’ mission is to make Australia a leader in innovation, while developing the advanced science that will create a more sustainable and prosperous future.
Sally-Ann Williams Cicada Innovations’ Chief Executive Officer says, “Radium Capital is a natural partner for Cicada and our community. Their services, expertise, and team will enable our community of innovators to unlock new opportunities and grow faster.”
Under the Pioneer Partner Program, deep tech-innovators at the Cicada Innovations incubator will have information about Radium Advances on tap such as opportunities to attend drop-in sessions and attend workshops about Radium’s R&D financing solution. R&D finance experts from Radium Capital will also participate in panel discussions and partner with Cicada Innovations on content for courses about innovation funding. This will make it easier for the Cicada community to access Radium Capital’s cash-flow friendly and cost-effective R&D funding to smooth their cash flow and accelerate their R&D.
“It can be very challenging for innovation-focused businesses to access debt finance such as bank loans. Before Radium Advances, many founders had no choice but to give away equity in their businesses to raise capital and accept the uncertainty that brings,” David explains.
Radium Advances offer businesses with R&D an alternative — a non-dilutionary R&D loan secured against the company’s upcoming R&D tax refund, with no upfront fees or repayments until the refund arrives.
Our fintech platform solution is flexible, repeatable and scalable, so deep-tech ventures from the Cicada Innovations incubator can access R&D capital whenever they need it and deploy the financing however they choose. We approve applications for Radium Advances within two business days, and fund clients a few days after they sign their loan documentation.
If you’re a deep-tech business based at Cicada Innovations or a tech business based anywhere in Australia, find out how Radium Advances can benefit your R&D. Smooth your capital and cash by connecting with one of our experts in R&D financing today. Simply call us on 1800 723 426 or reach out via our contact page, and we’ll be in touch.