CME SMART

Automotive Supplier Competitiveness Improvement Program (ASCIP)

Description: Through Automotive Supplier Competitive Improvement Program (ASCIP), small and medium sized automotive suppliers, or large companies partnering with small or medium sized automotive suppliers, can apply for to up to $100,000 in project funding (50% of eligible project costs).

Funding Details: ASCIP will fund projects across two streams:

  • Technology Adoption- adoption of advanced hardware, software and/or training
  • Mentorship Pilot Program- Organizational adoption of lean manfuacturing practices

Eligible Expenditures: Actual costs directly attributable to and necessary for the completion of the project and are not wholly or partially for another purpose. One-time costs, directly attributable to implementation of the project. Costs incurred outside Ontario are ineligible unless otherwise approved by OCE.

Eligibility Requirements: Small and medium sized Ontario-based enterprises or SMEs (firms with either fewer than 500 employees globally or global revenues of less than $1 billion), or larger firms which partner with at least one Ontairo-based SME. At least 50 per cent of the firm's total sales revenue must come from auto supply sector. Only one project per company is allowed for the lifetime of the program.

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How NorthBridge Will Assist With ASCIP and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at: info@northbridgeconsultants.com

More information
Please fill in the following information and a NorthBridge representative will contact you regarding your request.





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