Up to $150,000 GRANTs AVAILABLE FOR automotive part suppliers in ONTARIo

 

Funding Overview

 

The Ontario Automotive Modernization Program (O-AMP) aims to support automotive part suppliers when introducing new and innovative technologies or lean manufacturing to the automotive business. In a partnership with small and medium-sized enterprises (SMEs) in Ontario, O-AMP intends to modernize the automotive supply chain to make it more competitive. 

Eligible Applicants

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 a minimum of two (2) consecutive years of financial statements (auditor or accountant reviewed).
    • have at least 50% of the company’s total sales revenue from the auto supply sector
    • must have a manufacturing location in Ontario by the time your project starts

 

Eligible Activities

Projects and activities deemed eligible for this program include the following:
  • Technology adoption
    • Advanced manufacturing hardware, software and/or training to improve processes and competitiveness
    • Using logistical systems and investing in production hardware or software that digitizes production tracking
  • Tools and technologies to support new product development
    • Adoption of technologies to assist with the engineering and design of new products
  • Lean manufacturing 
    • Improving operational efficiency and competitiveness by using lean manufacturing techniques 
    • Hiring the services of a mentor/consultant to help with lean implementation

 

Eligible Costs

Eligible product costs include:
  • Capital costs
  • Training costs
  • Salaries and benefits
  • Travel and living costs

 

Funding Details

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.

Smaller products can receive up to $50,000 in funding whereas larger products can receive between $50,000 to $150,000.

Stacking with other provincial programs is not permitted and funding from any federal sources and O-AMP may not exceed 50% of the total project cost. 

 

Deadline

Applications must be received by 5:00 p.m. EST on Tuesday, January 17, 2023.

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