"What is important is having a balance of prizes for kids that would complement what they may already have access to - sports equipment to get kids healthy and active and arts supplies to keep their minds healthy and active," she said.
One litre of milk has one sticker while two litres has three. A six-pack of yoghurt has three stickers while a 12-pack has six stickers.
At the end of the promotion, schools send in their stickers and a tally sheet. The stickers are then converted into schools winning a share of the prize pool.
Ms Jones says Meadow Fresh wants to give all schools that enter a prize so the ones that reach a minimum of 20 stickers will receive a prize pack.
There is no limit to how many stickers schools can collect.
Schools can also register their preference for art or sports equipment. Ms Jones said every effort would be made to make a school's first choice available.
Meadow Fresh is the second dairy company to start up an initiative in schools this year.
Fonterra is currently running a pilot in Northland for their Milk in Schools programme which looks to be reintroduced to schools across the country next year.
The Cool Stuff for Kids initiative is run by Goodman Fielder NZ and registration is now open. Collection of stickers runs from July 16 to October 14. Register at www.meadowfresh.co.nz.