Radium Capital surpasses $1 billion in innovation funding
PERTH, Australia, Wednesday 5 November 2025 — Radium Capital has surpassed $1 billion in innovation funding, continuing to lead the charge in powering Australian research and development (R&D) through R&D lending.
Since 2017, Radium has provided more than $1 billion to over 1,000 companies undertaking research and development (R&D) via Radium Advances, which allow companies to access their R&D Tax Incentive (R&DTI) refunds early.
Managing Director Jeremy Loftus said Radium’s funding milestone highlighted that R&D finance is a cornerstone of Australia’s innovation landscape. “For early-stage companies R&D finance often provides the funding backbone,” he said.
“R&D finance can be a game changer for innovative businesses at all stages of development, from startups to ASX-listed companies, providing a source of non-dilutive funding that can be reinvested into R&D, used to smooth cash flow, or even position a company for a capital raise,” Mr Loftus said.
West Australian Minister for Science and Innovation, Stephen Dawson, congratulated the Perth-founded business on reaching the funding milestone.
“Radium Capital has played a valuable role in helping many innovative companies navigate the world of accessing the funding they need,” he said.
“Since 2017, businesses from across industries such as mining and medtech have benefitted from Radium Capital providing early access to R&D funding. This has enabled them to keep developing, employing and commercialising their ideas here in Australia,” he said.
“These businesses are creating jobs, boosting the economy and helping solve some of the world’s toughest problems,” he said.
Mr Loftus said R&D lending had become a driving force behind Australian innovation, with more companies strategically building R&D lending into their capital stack.
“Some of our clients seek funding quarterly or even monthly to increase the amount available for R&D throughout the year, helping them grow faster and get their products to market sooner,” he said.
“When you’re talking about companies doing clinical trials, for example, the cash burn rate is very high and R&D finance is a great way for them to keep their trial program on track without having to sacrifice equity and without having to wait up to 18 months for the R&DTI refund to arrive.”
“Companies are essentially gaining early access to their own money to reinvest in their business, and we are proud to be able to say we’re supporting Australian innovators to bring world-changing products and services to market by giving them access to funds when needed.”
Sustainable mining-tech innovator ElectraLith CEO Charlie McGill said Radium’s funding gave the company crucial breathing room while its Series A funding round was being finalised.
“They helped us when we were in a very tight situation and through that we were able to keep the technology progressing, and ultimately keep the investors and partners happy,” Mr McGill said.
ElectraLith went on to raise A$27.5 million in an oversubscribed round and was named as one of the World Economic Forum’s top innovators in 2025 and one of Australia’s top 100 innovators in The Australian’s annual list.
Mr Loftus said Radium prided itself on strengthening Australia’s innovation ecosystem with support and connections as well as funding.
“R&D can be a lonely road, and we work hard to connect founders with others on the same journey, and to link them with partners in the ecosystem who might be able to help them,” he said.
Cicada Innovations Group Executive Impact and Ecosystems Sian Priest said the deep-tech incubator appreciated partnering with Radium Capital.
“It is amazing to have an organisation that is not only funding but also showing up and supporting the ecosystem across Australia,” she said.
“One billion dollars in funding is an incredible achievement. That funding is enabling innovators to do more, faster, and there are companies that might not be here today without them,” she said.
About Radium Capital
Radium Capital powers Australian innovators by partnering to provide access to the funding, resources, and connections they need to move from ideas to impact. Through Radium Advances, businesses can unlock their R&DTI refund early to accelerate commercialisation, reduce capital outlay and attract other funding sources. Radium Capital operates nationally, with offices in Sydney, Melbourne, Brisbane and Perth, and aims to support businesses of all sizes to grow. Learn more at www.RadiumCapital.com.au.
