Posted: 5 November 2025
Radium Capital has reached a major milestone, surpassing $1 billion in innovation funding since its founding in 2017 – a benchmark that Managing Director Jeremy Loftus said 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,” Mr Loftus 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,” he said.
More than 1,000 Australian businesses have accessed early R&D Tax Incentive refunds through Radium Advances, enabling them to accelerate product development and commercialisation.
Western Australian Minister for Science and Innovation, Stephen Dawson, congratulated the Perth-founded company on its achievement.
“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.
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.
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.
