Australian Startups Get a Boost: Advanced Launches with $25M R&D Funding
Sunshine Coast, QLD – Australian startups are set to benefit from a new wave of funding, as Advanced, a pioneering Research and Development (R&D) finance firm, officially launches. The company has secured a significant $25 million investment to provide fast and flexible funding solutions specifically tailored to the needs of innovative Australian businesses.
Founded by Alex Knight, Advanced is disrupting traditional financing models by offering loans secured against companies' future R&D tax incentive refunds. This innovative approach provides a crucial lifeline for startups and SMEs engaged in research and development, allowing them to accelerate their projects without the burden of traditional equity dilution or lengthy approval processes.
Why R&D Tax Incentives are Key
The Australian Government’s R&D tax incentive program is designed to encourage innovation and reward companies for their investment in research and development. However, accessing these incentives can be a lengthy process, often involving significant administrative overhead and a wait for the refund to be processed. Advanced bridges this gap, providing immediate access to capital based on the anticipated value of those future incentives.
“We’re incredibly excited to launch Advanced and provide Australian startups with a much-needed funding solution,” says Alex Knight, Founder of Advanced. “We understand the challenges these businesses face in securing the capital they need to innovate and grow. Our model allows them to access funds quickly and efficiently, enabling them to focus on what they do best – developing groundbreaking technologies and solutions.”
How Advanced Works: A Simple Process
The process with Advanced is streamlined and straightforward:
- Eligibility Assessment: Advanced assesses the startup's eligibility for R&D tax incentives.
- Loan Application: A simple application process determines the loan amount based on projected incentive refunds.
- Funding & Development: The startup receives the funding to fuel their R&D activities.
- Incentive Refund: When the R&D tax incentive refund is received from the ATO, Advanced receives repayment.
Benefits for Australian Startups
- Fast Access to Capital: Obtain funding quickly, without lengthy delays.
- Flexible Funding: Tailored loan amounts based on projected incentives.
- No Equity Dilution: Maintain ownership and control of your company.
- Focus on Innovation: Free up resources to concentrate on R&D activities.
Advanced’s launch comes at a crucial time for the Australian startup ecosystem, as the nation continues to prioritize innovation and technological advancement. With $25 million in funding, Advanced is well-positioned to become a leading provider of R&D finance for Australian businesses, helping them unlock their full potential and contribute to the country’s economic growth. The firm is already seeing strong interest from a diverse range of sectors, including biotech, software, and engineering, highlighting the broad appeal of its innovative funding model.
Learn More: Visit Advanced’s website for more information and to explore funding options.
