On September 9, 2019, Ontario pledged C$10-million over three years to the Ontario Automotive Modernization Program (O-AMP), a key supply chain commitment under the Driving Prosperity plan.
Driving Prosperity: The Future of Ontario’s Automotive Sector is a 10-year plan to strengthen competitiveness and innovation in Ontario’s automotive sector. For more information about the Driving Prosperity plan, please see our March 2019 Blakes Bulletin: Ontario Unveils Plan to Boost Auto Sector, Pledges C$40-Million in Funding.
WHO IS ELIGIBLE FOR O-AMP FUNDING?
Ontario-based automotive parts suppliers are eligible to apply for O-AMP funding. Among other things, companies must have (i) fewer than 500 employees globally, and (ii) less than C$1-billion in global revenues. Larger businesses may apply if they partner with at least one eligible entity.
Projects must be achievable, aligned with O-AMP’s goals, and categorized as technology adoption and/or lean manufacturing.
HOW MUCH FUNDING DOES O-AMP PROVIDE?
O-AMP provides successful applicants with up to C$100,000 in funding to cover up to 50 per cent of eligible project costs.
The application deadline for the current O-AMP intake round is October 18, 2019. More information regarding eligibility, application requirements, and the evaluation process is available on the Government of Ontario web page.