Round 10 of the Coles Nurture Fund is now open for small to medium food and beverage producers. Grants of up to $500,000 will be awarded to enable innovation and sustainability growth through product, processes, and technology development.
To be eligible, companies must have a turnover of less than $25 million in annual revenue, fewer than 50 fulltime employees and “innovative ideas”.
Coles general manager corporate affairs Sally Fielke said the fund is focused on driving generational sustainability.
“One of the ways we do this is by funding innovative projects which make a significant difference - whether it’s increasing recycling and renewable energy, reducing water use or supporting the local production of Australian food and beverages,” Fielke said.
The fund has provided more than $28 million of financial support to over 80 Australian producers since it was established in 2015 including Australia’s first quinoa processing facility and fence posts manufactured from recycled plastic. Past recipients include The Mount Warning Beverage Company, Black River Produce, Harvey Citrus, and Pacdon Park.
Applications close on 25 Februrary. Visit the website to apply.