In an era marked by dynamic global markets and ever-evolving technology, the Ontario automotive sector faces the imperative of staying competitive and innovative. The Automotive Supplier Competitiveness Improvement Program (ASCIP) emerges as a strategic alliance between the Automotive Parts Manufacturer’s Association (APMA), the Ontario Centres of Excellence (OCE), and the Province of Ontario’s Ministry of Economic Development and Growth (MEDG). This collaboration aims to fortify the capacities of small and medium-sized automotive suppliers, fostering a resilient industry prepared to thrive in the face of rapid market changes and global competition.
Empowering Ontario’s Automotive Suppliers: A Crucial Initiative
Program Objectives: ASCIP operates with the mission to elevate the sourcing capabilities of Ontario-based small and medium-sized automotive suppliers, emphasizing innovation and productivity initiatives that amplify success in export markets. The program envisions a sector that delivers shorter design cycles, adapts swiftly to market dynamics, and seizes new business opportunities. The focus lies on integrating cutting-edge software, hardware, and training to streamline processes, thus enhancing the overall competitiveness of Ontario’s automotive industry.
Eligibility Criteria and Project Streams:
Eligible Companies: The program extends its support to small and medium-sized enterprises (firms with fewer than 500 employees globally or global revenues under $1 billion) based in Ontario. Larger firms can also participate but must collaborate with at least one Ontario-based small or medium-sized enterprise. Importantly, a minimum of 50 percent of the firm’s total sales revenue must come from the auto supply sector.
Eligible Projects:
- Stream 1 – Technology Adoption: Focused on advancing product lifecycle management and improving competitiveness through the adoption of advanced IT technologies – hardware, software, and/or training.
- OCE will reimburse up to 50 percent of total eligible project costs, or up to $100,000 per project, with the company funding the remainder.
- APMA offers support in marketing the program and developing project proposals.
- Stream 2 – Mentorship Pilot Program: Geared towards operational efficiency and competitiveness improvements, incorporating advanced IT technologies within the broader scope.
- Mentorship by industry experts in lean manufacturing practices.
- OCE will contribute up to 50 percent of eligible project costs, or up to $100,000, with matching cash contributions from the company.
Ensuring Financial Viability: Eligible Expenditures:
- Travel & Living – Domestic
- Salaries & Benefits
- Operating Expenses (hardware and software implementation, direct materials, etc.)
As Ontario positions itself at the forefront of automotive innovation, ASCIP stands as a cornerstone, empowering companies to embrace technological advancements and operational efficiencies. This initiative not only promises growth for individual enterprises but contributes to the robustness of the entire Ontario automotive supply sector. The ASCIP journey is an investment in a future where Ontario’s automotive industry not only competes but leads on the global stage.
For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at [email protected] or call 1-877-711-7733
