Up to $100,000 for Automotive Suppliers!
Funding Available to Increase Competitiveness and Improve Processes
The Automotive Supplier Competitiveness Improvement Program offers funding of up to 50% to a maximum of $100,000 for Ontario automotive suppliers to adopt information technology (IT) hardware/software or to contract an industry expert to increase competitiveness, improve processes, and/or develop lean manufacturing practices. Eligible expenditures include:
- Salaries and benefits
- Travel and accommodation
- Software and hardware
- Sub-contractor and consultant fees as well as professional services
- Development and maintenance of web-based information
- Materials and supplies
Please note that capital costs are ineligible, however the program offers funding to cover the depreciation and cost of using capital assets (such as equipment) for project activities. Priority will be given to small and medium sized enterprises (less than 500 employees; up to $1 billion annual revenue); larger firms may apply, but are required to partner with at least one small or medium enterprise. Projects must last no longer than 2 years. The deadline to apply is November 28,2018.
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