Liminal Investment Holdings Pty Ltd
About Embark
Embark is an Australian innovation financier that advances R&D Tax Incentive refunds and grant payments to the companies that have earned them.
Australia funds innovation generously, and it funds it late. Your entitlement builds up month by month as the work happens. The cash arrives once, well afterwards, when a claim is lodged or a milestone signed off. Embark closes that gap, so the money can do its work now rather than at the end of the financial year.
What Embark does
R&D Advance
The R&D Advance funds your expected R&D Tax Incentive refund before the refund is paid. It's secured against that refund and repaid when the refund arrives. It's the product available today.
Grant advances
Many grant programs pay on a milestone or after the work is done. The same structure extends to a grant you expect to receive. If your funding comes through a grant program, talk to Embark about it.
What makes Embark different
It's your own money, earlier
An advance isn't equity. It doesn't dilute founders or existing shareholders, and your cap table doesn't change.
It's secured against money you've already earned
Embark lends against an entitlement you've already built up. It isn't a bet on your future revenue or performance.
Pre-approval runs on your own data
You connect your accounting and banking data for pre-approval. Credit review then uses supporting documents, including your R&D adviser's letter.
One published price list
Current rates, fees and turnaround times are on the home page. It's the only place Embark publishes them, so they're never out of date somewhere else.
Who uses Embark
- Australian startups claiming the R&D Tax Incentive, or expecting to claim it for the current year
- Established Australian firms carrying out eligible R&D
- Companies expecting a grant that pays on a milestone or in arrears
How Embark works
- Pre-approval. You connect your accounting and banking data.
- Credit review. You provide supporting documents, including your R&D adviser's letter.
- Documentation. You sign the paperwork.
- Funding. You receive the funds. The advance is repaid when your refund or grant arrives.
You can reach Embark at hello@embarkcapital.com.au.
The entity behind Embark
Embark is operated by Liminal Investment Holdings Pty Ltd, an Australian proprietary company registered in New South Wales. Personal information is handled under the Privacy Act 1988 (Cth), and the privacy policy sets out what is collected and why.
Key facts
- Company name
- Embark (also Embark Capital)
- Type
- Australian innovation financier
- Legal entity
- Liminal Investment Holdings Pty Ltd
- ABN
- 61 690 446 998, active from 28 August 2025
- Headquarters
- Sydney, New South Wales
- Website
- embarkcapital.com.au
- Core offering
- R&D Advance, secured against an expected R&D Tax Incentive refund
- Pricing
- Current rates and fees are on the home page
- Repayment
- When the refund or grant arrives
- Contact
- hello@embarkcapital.com.au
- Social
- LinkedIn, X, Instagram, Facebook
Frequently asked questions
Is an R&D Advance equity?
No. It's an advance secured against your expected R&D Tax Incentive refund, repaid when the refund arrives. Your shareholders and cap table don't change.
When do I repay the advance?
When your refund or grant payment arrives. The advance is secured against money you've already earned, so repayment comes from that payment.
What does it cost?
Current rates, fees and turnaround times are on the home page. Embark publishes them in one place only.
What do I need to apply?
Access to your accounting and banking data for pre-approval. For credit review, you'll provide supporting documents, including your R&D adviser's letter.
Who operates Embark?
Liminal Investment Holdings Pty Ltd, ABN 61 690 446 998, an Australian proprietary company registered in New South Wales.