Fund 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.