Coles Nurture Fund

Coles launched the $50 million Nurture Fund in April 2015 to help small and medium sized businesses innovate and grow.

Since then, we have offered more than $24 million in financial support to more than 60 Australian food and liquor producers.

From Australia’s first quinoa processing facility, to chickpea tofu, to home grown garlic and to Australian first prawn farming technology, the Coles Nurture Fund is helping Aussie producers bring their big ideas to life.

Small and medium sized businesses can apply for a grant of up to $500,000 to help them develop new market-leading products, technologies and processes.

Round Eight of the Coles Nurture Fund has now closed and a new round of funding will open early next year in 2021. 

Click here to download the guidelines

Click here to download the application form

Some examples of our Nurture Fund recipients

Frequently asked questions

No. Coles encourages applications from all small to medium businesses that meet the eligibility criteria as set out in section 3 of the Application Guidelines.

To be eligible to apply for the Coles Nurture Fund your business must have been trading for a minimum of two years at the date when you submit your application. 

Each Applicant can apply for up to $500,000 in financial support. 

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. 

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.  

No. Funding cannot be provided on a retrospective basis (i.e. expenses incurred before the Funding Agreement has been executed).

Coles anticipates providing feedback to applicants within three months of the closing date for applications. 

Please read the Application Guidelines, this FAQ document and the Application Form carefully. You will find the answers to most of your questions there. However, if you require further assistance please email nurturefund@coles.com.au

Yes.  Coles intends to offer another round early next year in 2021.

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. 

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. 

Application forms are available here

We invite all eligible businesses to apply for this round of the Coles Nurture Fund. This round is open to all businesses who meet the eligibility criteria and have an innovative project to develop market-leading process, technologies and processes.

Farmers and producers affected by bushfires or drought can also apply for funding to help renew their business. 

Yes. As per the application guidelines, eligible businesses must be registered for GST. 

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. 

Application forms should be emailed to nurturefund@coles.com.au by 5pm AEST on Friday, 20 March 2020. A hard copy of the application form is not required.

All financial support provided for Round 8 will be in the form of grants.