FinTechFunding

Mighty Craft: Secures $0.5M grant for Kangaroo Island Spirits

  • Mighty Craft (MCL) and subsidiary Kangaroo Island Spirits (KIS) have received $500,000 from the South Australian Tourism Commission (SATC) to develop its new distillery
  • The companies intend to use the grant to upgrade the Kangaroo Island Distillery in Cygnet River, Kangaroo Island
  • The development plans said to include an improved cellar door and an immersive experience at the distillery, which will showcase the KIS brand
  • The planned upgrades will improve the distillery’s cellar door, add an immersive experience at the distillery and bring production capacity to more than 200,000 bottles
  • The SATC also says Kangaroo Island isa premium tourism destination in South Australia, and this project will promote the region and attract additional visitors
  • Mighty Craft trading flat at 35 cents a share
Previous article
Santander & Oxentia Foundation: Open applications for environmental challenge
Next article
ImaliPay & Glovo: Partnership In Kenya
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...
FinTech

UK Government Strengthens Talks with Anthropic for Mythos Release Amid Concerns

Anthropic's AI technology under scrutiny as UK seeks to enhance regulatory framework.Highlights: UK government engages Anthropic for AI...