Up to $150,000 in Grant Funding Available to Businesses part of Ontario’s Automotive Supply Chain
The Ontario Automotive Modernization Program (O-AMP) is a partnership with small and medium-sized automotive parts suppliers in Ontario. The goal of this funding program is to help modernize Ontario’s automotive supply chain to make it more competitive and responsive to the changing needs of its customers.
Eligible businesses can apply for a maximum $150,000 to help cover up to 50% of eligible project costs. Successful applicants are required to contribute at least 50% of remaining project costs through:
- Self funded through business resources
- Private or bank financing
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)
- Have less than 500 employees in Ontario
- Have 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
- Must have a manufacturing location in Ontario by the time your project starts
O-AMP provides support to projects that fall under any of the following categories:
- Technology adoption – implementing advanced manufacturing hardware, software and/or training to improve processes and competitiveness, for example, Enterprise Resource Planning (ERP) systems, production tracking systems and advanced hardware implementation.
- Tools and technologies to support new product development - adoption of technologies to assist with the engineering and design of new products such as Computer-Aided Design & Computer-Aided Manufacturing (CAD/CAM) systems, Finite Element Analysis (FEA) software, Design for Manufacturing (DFM) tools, rapid-prototyping tools or other tools to support the New Product Introduction (NPI) process
- Lean manufacturing – for example, improving operational efficiency and competitiveness by adopting lean manufacturing techniques and hiring the services of a mentor/consultant to help with lean implementation
The next round of applications will open on November 15, 2021. Eligible businesses are advised to prepare for this competitive intake in advance, and submit applications as soon as possible.