Radium Capital has inked a corporate partnership deal with Spacecubed, one of the premier players in Western Australia’s start-up ecosystem. The agreement follows years of close collaboration between Radium Capital and Spacecubed in support of local start-ups and deepens our alliance on innovation, granting it official status for the first time.
The corporate partnership will see Radium Capital become the R&D financier to Spacecubed’s flagship accelerator program Plus Eight. Our Chief Executive Officer and Co-founder David Weir will also serve as a program judge, mentoring the Plus Eight start-ups, and sharing his lived experience as a successful fintech co-founder.
Radium Capital Chief Executive Officer and Co-founder David Weir says, “Radium is passionate about start-ups being able to access the right funding and advice, so increasing our support of Spacecubed, their activities and Plus Eight makes sense.”
“Spacecubed’s Plus Eight accelerator program is visionary and delivers strategic support in the form of intensive financial and advisory assistance for innovation in Western Australia,” David says.
“We’ve worked with past participants of the program, so we understand the difference Plus Eight has made to their lives and businesses as well as WA’s emerging industries.”
With Radium Capital on board as a corporate partner and R&D financier, Plus Eight founders can now connect directly with Radium’s affordable non-dilutionary capital. This will not only benefit their cash flow at a crucial stage of their start-up journey but also provide a point of difference to the 2022 program.
“As start-ups begin to grow, so does their need for capital, but it’s notoriously difficult for them to access financing,” David says.
“Our Radium Advances help by giving early-stage businesses, including Spacecubed members, access to affordable, reliable funding, so they don’t have to give away equity to access the capital and cash flow they need.”
Through its work with corporate members, such as Radium Capital, Spacecubed facilitates innovation and growth, through a combination of interaction with a facilitated network of changemakers, curated activities, and development programs provided in a neutral space. Their goal is to enable operators, suppliers, researchers, entrepreneurs and start-ups to have the flexibility and opportunity to connect and collaborate with one another along the supply chain and across disciplines.
“By partnering with Radium Capital, we’re able to open the door to new opportunities for our members, providing them with the chance to grow their own businesses and receive first-class support along the way,” Spacecubed General Manager, Chandra Sundareswaran says.
Radium Advances are an alternative stream of funding for businesses with R&D. The financing is non-dilutionary and secured against the company’s expected R&D tax refund.
Since launching in 2017, we’ve provided over $120 million in R&D loans to WA businesses with R&D and more than one-third of a billion dollars nationally. If you have an innovation-focused company in Australia, you may be eligible to apply for a Radium Advance from us. Connect with one of our R&D financing experts to find out more by calling 1800 723 426 or messaging us through our contact page.