About Northmark
Strengthening the lifeblood of the country.
Northmark seeks to drive impactful investment into Australian agriculture by revitalising land, restoring the health and economic potential of neglected or underperforming properties, and strategically investing in complementary areas that support its mission.
One key investment focus is research and development aimed at improving the economic viability of extensive beef cattle production systems in Northern Australia. By concentrating on productivity enhancements, particularly in fertility, Northmark is addressing a crucial area with the potential for substantial economic benefits to the region.
What is the company focused on now?
Northmark had been investing in research and development on beef cattle productivity for some years, which was approaching its final stages. With that, their focus was on completing their R&D activities and preparing for commercialisation.
Why did they seek an R&D Loan? What did it help them achieve?
Northmark was near completion of one of its R&D projects and had the end in sight. However, with the business being diverse, cashflow was needed across a range of other business activities, not just their R&D.
By Kashcade advancing their R&D refund, around 9 months earlier than it would have been paid out, they were able to expedite development of the project. Importantly, that unlocked a much faster road to commercialisation and therefore facilitated a huge return on investment.
And, as those funds were re-invested into more on R&D, the value of the expected R&D refund increased too. That, therefore, meant there was even more capital they could unlock each month, with ease and certainty.
What was your experience like with Kashcade?
Our accountant presented us with multiple options, but we were particularly impressed by the seamless application process facilitated between our team, our accountants, and Kashcade. The swift turnaround time for funding provided by Kashcade allowed us to secure the necessary resources without unnecessary distractions, enabling us to focus fully on product development and market launch.
Kashcade offered a fast and straightforward process, coupled with an excellent customer experience. Their team was highly responsive, genuinely interested in our work, and provided strong support throughout. They were easy to collaborate with, saving me a significant amount of time.
Chris Simpson, Founder & CEO
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