Mississauga automotive manufacturing suppliers are eligible to apply for funding through the recently announced Automotive Supplier Competitiveness Improvement Program (ASCIP). This program is intended to help automotive suppliers undertake projects that will assist in improving their productivity, competitiveness, and adoption of innovation. It is being offered through a partnership between the Ontario Centres of Excellence (OCE), the Automotive Parts Manufacturers’ Association (APMA), and the Province of Ontario’s Ministry of Economic Development and Growth.
There are two types of projects that will be funded. The first will fund projects that will improve competitiveness or product life cycle management through technology adoption of hardware, software and/or training. The second type of project will partner companies with auto industry expert mentors to assist suppliers with their specific business development needs.
The maximum size of a project that will be funded is $200,000 with ASCIP providing up to $100,000 (50 per cent of eligible project costs) and the company matching that cash contribution.
To be eligible for this funding, a company must be an automotive industry supplier with at least 50% of their revenues coming from the automotive industry, and a small or medium sized enterprise (SME) with less than 500 employees or global revenues of less than $1 billion. Larger firms can also apply, but must partner with at least one Ontario SME.
Applications will be accepted beginning November 3, 2016. It is expected that this program will be heavily subscribed, so it would be advantageous to apply early.
To initiate an application, please send an email to Warren Ali, Director of Emerging Technologies Initiatives, APMA, firstname.lastname@example.org , with the subject heading: ASCIP Application Initiation.
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