get up to $150,000 in Grant Funding to help cover up to 50% of eligible project costs
As an automotive parts supplier, learn how you can receive support when you introduce new process technology, tools and technologies to support new product development, or lean manufacturing to your business.
Program Overview
The Ontario Automotive Modernization Program (O-AMP) is a partnership with small- and medium-sized automotive parts suppliers in Ontario. The goal is to help modernize Ontario’s automotive supply chain to make it more competitive and responsive to the changing needs of its customers.
As a successful applicant, you are required to contribute at least 50% of the remaining project costs through:
- Internal business resources
- Private or bank financing
Eligibility Criteria
To be eligible for O-AMP, you must be a small- or medium- sized Ontario-based business in the automotive supply chain to Original Equipment Manufacturers (OEMs) of passenger and commercial vehicles. Aftermarket parts industry is not eligible.
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 Projects
O-AMP provides support to projects that fall under one or more of the following categories:
- Technology adoption for process efficiency – implementing advanced manufacturing hardware, software and/or training to improve processes and competitiveness e.g.07, 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 – improving operational efficiency and competitiveness by adopting lean manufacturing techniques and hiring the services of a mentor/consultant to help with lean implementation
Projects must also:
- Be achievable – applicants need to have the necessary financing, project management structure and experience to implement the project
- Align with O-AMP’s goals – job creation, revenue increases, cost savings, contributions to regional or automotive sector development
Deadline - Round 5 Intake
Application opening: March 27, 2024
Application deadline: May 2, 2024
