Partnership deal boost for resources and energy start-ups
R&D financier Radium Capital and mining and energy ecosystem CORE Innovation Hub have joined forces on a unique collaboration to bolster start-ups striving to create a net-zero future. The deal sees Radium Capital partner with CORE Innovation Hub as a CORE Start program partner and enhances access to non-dilutionary capital for early-stage resources and energy start-ups.
Radium Capital Managing Director Jeremy Loftus says, “Research and development in the energy and resources space can often be prohibitively capital-intensive.”
“The partnership strengthens access to reliable and regular capital for resources and energy start ups targeting economic and environmental wins,” Jeremy says.
“We’re honoured to join forces with Australia’s leading mining and energy ecosystem to help these innovators as they strive to decarbonise the sector and deliver globally significant change.”
Under the partnership, Radium Capital will be embedded at CORE Innovation Hub's locations, giving program participants one-to-one access to Radium Capital’s R&D finance experts and a referral pathway to its network of trusted advisers. The CORE Start program will also now feature tailored content on R&D funding for energy and resources companies.
The agreement will see Radium Capital become a fixture on discussion panels and presentations at the CORE Innovation Hub’s monthly CORE Connect Industry events.
The financier will also join the roll call of sponsors for CORE Innovation Hub’s 2024 Hot 30 Awards, which recognises and showcases the most successful small and emerging ventures shaping Australia’s mining, energy and related industry sectors.
Renee Hakendorf CORE Innovation Hub’s National Innovation Hub Lead says, “We are very pleased to welcome Radium Capital as Ecosystem Partners with CORE Innovation Hub.”
“As entrepreneurs themselves, Radium Capital brings a unique perspective that complements our CORE Start and Hot 30 Awards programs,” Renee says.
“This partnership will strengthen our support for emerging innovators and small businesses in the energy and mining sector.”
The partnership will run for 12 months initially and is available for CORE Start Program’s early-stage businesses at CORE Innovation Hub’s facilities in Perth, Lot Fourteen in Adelaide and Newman in regional Western Australia.
About Radium Capital
Radium Capital is Australia’s leader in R&D financing for companies eligible for the Federal Government’s R&D tax incentive refund. Founded in 2017, Radium Capital operates nationally and is committed to helping businesses of all sizes grow. Headquartered in Perth, Radium has office locations in Melbourne, Sydney and Brisbane. Radium has provided more than $600 million of funding across 21 different sectors — helping more than 650 eligible companies take their businesses and R&D to the next level. For more information on Radium Capital and Radium Advances, visit radiumcapital.com.au.
About CORE Innovation Hub
CORE Innovation Hub builds ecosystems and innovation infrastructure for the resources and energy sector, providing a platform that enables innovative companies using advanced technology solutions to solve grand problems. Based in Perth since its inception in 2020, CORE Innovation Hub launched its South Australian base at Lot Fourteen in Adelaide with the support of the Department for Energy &
Mining, and in 2021 opened its first regional Hub in Newman in WA. In 2022, CORE Innovation Hub was appointed by Development WA as the proud operator of the Australian Automation and Robotics Precinct in Nerrabup, WA. Under the leadership of Directors Brodie McCulloch and Zane Prickett and Co-founder Tamryn Barker, CORE Innovation Hub gives fast-growing ventures the opportunity to flourish in their respective sectors and helps strengthen Australia's reputation as a global resources technology innovation leader. For more information, visit CORE Innovation Hub.
