Hi All, please find attachedupdated information relating to accessing a pre-payment funding facility for startups. R&D Capital Partners(RDCP) is a specialist financier that can provide startups the ability to useits current FYE June 2016 and/or2017 R&D tax rebate prepared by your accountant as debt funding. Secureddebt funding for up to OR over a year before the actual cashbenefit can be claimed and received through the annual tax return system. EXAMPLE: 1. ABC Pty Ltd (ABC) FYE June 2016 45% R&D taxoffset rebate = $180,000 ($400,000 claim). RDCP can provide up to $144,000 fora minimum of three months against this rebate.
2. Ona quarterly basis, RDCP can pay ABC against quarterly R&D incurredexpenses for its FYE JUN17’s claim up to $144,000 (if the same as FY15/16). If ABC uses the additional loan of $144,000 to undertakefurther eligible R&D activity within the FY 16/17, its eligible to claimthis at an addition 45%. Hence, this increases the FYE JUN 2017 claim to $544,000 from its $400,000 average thus increasingthe rebate benefit. PrepaymentFeatures: · 7-10 day approvalprocess – dependent on company financials and your accountant’s ‘opinion lettersupporting’ the FYE JUN17 Refundable R&D tax claim.· Minimum 3 monthloan period on amounts from $50,000 to $15m.· Cash is waitingto be used and NOT consigned out to a further secondary market.· Do NOT have tochange from your R&D tax service provider/Accountant (i.e. Big4, externalaccountants or service providers, etc..).· Up to 1.25%monthly interest payments (short term quarterly loans).· Negotiableestablishment fee (case-by-case).· No Directorsguarantees (in most circumstances).· Multiplies yourfirm’s innovation dollar. KeyBENEFITS: - Do NOT have to change from your R&D tax service provider/Accountant. - Reduces need to raise capital at an early stage when valuations cannot be easily determined and investment risk is at its highest, hence pushing back the requirement of a larger dilution of equity for a less than optimal valuation. - Keeps the founders focused on - Increases spend and accelerates annual tech burn rate - Reduces or sometimes negates any need for equity dilution, some of our claimants are reaching revenue positions without any need to dilute or further dilute their equity by using the R&D debt finance to bridge them into revenue. - Compliments the use of raising equity, some companies are using a mix of equity capital raising and R&D Tax prepayment debt finance to reduce the quantum of equity dilution in their business. - Lengthens the client’s runway, provides the funding means by which a 45% claimant may reach their next major milestone against which a higher valuation can be achieved from an equity capital raising event. - Increases speed to market/ first mover strategy - by having access to prepayment debt finance the start-up can increase the speed in which it can build scale and stay ahead of competitors. - Allows the founders the comfort of raising capital at the right time and price as opposed to being compelled to raise equity when the technology or concept is unproven. RegardsAndrew AndrewMiles PartnerSydney,Melbourne, Brisbanehttps://au.linkedin.com/in/andrew-miles-92b5537Mo: 0431 162 212Level2, 349 Collins Street, Melbourne, 3000 -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
