Coles launched the $50 million Nurture Fund in April 2015 to help small businesses innovate and grow. Since then, Coles have offered more than $19 million in financial support to 50 different producers to help fund the development of new market-leading products, technologies, and processes. Apple and Pear growers have successfully secured funding in previous rounds.
Applications for the seventh round of funding are now open. Eligible small to medium Australian businesses can apply for financial support of up to $500,000 in grants and interest-free loans. Selection is planned to be finalised by December 2019, and Coles plans to offer another funding round in 2020.
Applicants do not have to be Coles suppliers, and recipients will be under no obligation to supply Coles. There is no limit to the amount of times you can apply (even if you were unsuccessful last time).