Up to $100,000 in Grant Funding to Modernize Ontario’s Automotive Supply Chain

August 21, 2020

Funding for Manufacturers Ontario Automotive

 

The Ontario Automotive Modernization Program (O-AMP) is Now Open

 

Program Overview

The Ontario Automotive Modernization Program is a partnership with small- and medium-sized automotive parts suppliers in Ontario. The goal is to help modernize Ontario’s automotive supply chain and make it more competitive.

O-AMP provides support to projects that fall under one or both of the following categories:

  • Technology Adoption – for example, using advanced manufacturing hardware, software and/or training to improve processes and competitiveness. This might include using logistical systems and investing in production hardware or software that digitize production tracking.
  • Lean Manufacturing – for example, improving operational efficiency and competitiveness by using lean manufacturing techniques or hiring the services of a mentor/consultant to help with lean implementation.

Funding

Your business could get up to $100,000 to help cover up to 50% of eligible project costs.

As a successful applicant, you are required to contribute at least 50% of remaining project costs through:

  • Your own business resources.
  • Private or bank financing.

 

Eligibility Requirements

To be eligible for O-AMP, you must be a small or medium-sized Ontario-based business in the automotive supply chain. Specifically, you must meet these requirements:

  • Be a for-profit business (with a business number)
  • Employ less than 500 employees globally
  • Generate less than $1 billion in global revenues
  • Have at least two years of financial statements
  • At least 50% of the company’s total sales revenue comes from the auto supply sector

Larger companies (i.e. those with more than 500 employees) must partner with at least one Ontario-based small or medium-sized business to be eligible.

Need some advice?

Not sure if your organization qualifies for government funding? Schedule a free assessment with us today.

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At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.