About this grant
From Australia’s first quinoa processing facility, to fence posts made from recycled plastic, and a state of the art factory to grow grass indoors, the Coles Nurture Fund is helping Aussie producers bring their big ideas to life.
Australian producers can apply for a grant of up to $500,000 to help them develop new market-leading products, technologies and processes.
As the CNF continues to evolve, Round 11 is open from Monday, 30 January, 2023. We are inviting small and medium sized businesses to apply for grants of up to $500,000 to support projects which are not only unique and drive innovation, but also drive sustainability and growth.
Funding applications will be considered on competitive, merit-based principles.
COMPLETING A COLES NURTURE FUND APPLICATION FORM
This Application Form may be used only to submit an application for financial support from the CNF. Applicants can apply for financial support of up to $500,000.
Coles is now inviting eligible small to medium Australian businesses to apply for financial support from the CNF, by completing this CNF Application Form. Prior to doing so, Applicants should familiarise themselves with the application and evaluation process by reading the CNF Application Guidelines and Frequently Asked Questions.
When completing this CNF Application Form, Applicants should be factual, comprehensive and concise.
To be eligible for consideration for support from the CNF, Coles must receive from eligible Australian entities a fully completed CNF Application Form with all mandatory attachments by 5:00pm AEDT on Friday, 24 February 2023.
Eligibilty Checklist
Is the Applicant an entity:
▪ with an ABN;
▪ that is registered for the Goods and Services Tax; and
▪ has been trading for more than two years (or will have been trading
for more than two years when applications close on Friday 24 February 2023)
Can the Applicant demonstrate that the Applicant (and its parent companies where applicable):
▪ has a turnover of less than $25,000,000 per annum
▪ employs no more than 50 full time equivalent employees (excluding casual seasonal labour); and
Is the applicant seeking funds for a project that:
▪ Is unique and drives innovation
▪ Provides outstanding sustainability benefits
Can the Applicant demonstrate that the Applicant:
▪ is able to fund the costs of the project described in this CNF Application Form which are additional to the funding sought; and
▪ has access to, or the beneficial use of, any intellectual property necessary to carry out and commercialise the project?
FAQs
No, however, you do have to demonstrate that you are able to fund the costs of the project that are in excess of the funding provided by the Coles Nurture Fund.
-
How will the funding be paid?
Funding will be paid in instalments based on project expenditure and milestones. If your application is successful, Coles will work with you to develop mutually agreed terms. Financial support will not be paid up-front or in one single amount.
-
Projects should be unique, drive innovation and provide outstanding sustainability benefits.
-
I applied for a previous round and was not successful. Can I apply for this round?
Yes. Coles received an overwhelming number of excellent applications for previous rounds. If you are applying again, we suggest that you review your application carefully to make sure it is complete (including all relevant attachments) and that it meets the eligibility criteria.
-
If my application is successful, do I have to become a Coles supplier?
There is no requirement for successful applicants to become a Coles supplier. However, Coles is passionate about working with small innovative Australian businesses, so we’d be pleased to discuss opportunities with successful applicants.
What particular aspects are you looking in projects?
-
-
My business is a Partnership/Family Trust, not a Proprietary Company, so an accountant is not employed to audit financial statements.
Applicants who are partnerships do not need to provide audited financial statements but must provide financial statements which have been independently prepared by their accountant.
-
-
