June 24, 2019
Innovative farmers and food producers have been invited to apply for financial assistance from the Coles Nurture Fund to help them develop new market-leading products, processes and technologies.
Coles has opened Round 7 of the fund to allow small to medium businesses to apply for grants of up to $500,000.
Businesses which employ less than 50 full-time workers and have a turnover of less than $25 million in annual revenue are eligible to apply.
Chief operating officer Greg Davis said the supermarket was committed to supporting Australian farmers and food producers to innovate and grow.
“We know Australian farmers and food producers have new and innovative ideas to take their business to the next level,” Mr Davis said.
“By providing financial support from the Coles Nurture Fund, we want to help bring their plans to fruition to set their business up for the long term.
“Together, we hope we can help extend growing seasons, improve productivity, reduce imports and drive differentiation.”
Since it was established in 2015, the Coles Nurture Fund has provided more than $19 million to 50 businesses.
Projects supported range from an x-ray scanner which sorts and sizes potatoes to a fodder factory that can grow grass indoors in six days.
- To apply for Round 7, visit www.coles.com.au/nurturefund
