Greenard Willing Structured Products (GWSP)

R&D Finance

R&D and Australian Grant Cashflow Financing

Product Summary and August 2015 Media Release

Greenard Willing’s (“GW”) R&D & cash-flow financing service provides an end to end capital management solution for companies entering the demonstration phase of their technology commercialisation. This phase is often called, “the valley of death” due to the large capital requirements before the technology has been commercially proven. GW strives to bridge this valley of death with a customised mix of debt and equity financing, business process and systems improvements and preparation for the post-demonstration phase of capital requirements, like IPO or trade sale.

GW’s innovative financing product (“R&D Finance”), provides both listed and unlisted companies undertaking R&D projects, to receive the benefits of the AusIndustry R&D cash rebates prior to receipt from the Government. Not only does this product help companies who do not currently benefit from substantial revenues, borrowers also have the option to extinguish their debt via share issuance, which can significantly improve the company’s cash flow position.

In August 2015, Greenard Willing Structured Products (“GWSP”) launched a US$200M+ finance program to support funding of large R&D projects. This program is the largest of its kind in Australia and is targeting projects >AU$20M where demonstrated risk makes it difficult for project proponents to obtain traditional project financing. Founding Director, Glenn Fozard, comments, “This loans program is designed to fill a gap in the project financing challenge for large CAPEX commercial demonstration projects, which often escape our shores to geographies where risk capital is more readily available. Filling this middle market financing gap will help Australia capitalise further on our knowledge economy and limit the flight of late stage R&D expenditure to overseas destinations”. Executive Director, Ben Tovell comments, “After a number of years working at the top end of town, we sought to create a mechanism that could make a difference to emerging technology companies aiming to get there – and remain in Australia”.

GWSP also wishes to fund Australian based companies with annual Research and Development (R&D) spend of A$1m or more per annum.

For further information on this product, please CLICK HERE

For August 2015 Media release, please CLICK HERE

Please note that GWSP’s products are only open to Professional & Sophisticated Investors.