- SCOR EDC
Ontario Automotive Modernization Program
Overview
The Ontario Automotive Modernization Program (O-AMP) is a partnership with small- and medium-sized automotive parts suppliers in Ontario.
The goal is to help modernize Ontario’s automotive supply chain and make it more competitive.
Support
Your business could get up to $100,000 to help cover up to 50% of eligible project costs.
As a successful applicant, you are required to contribute at least 50% of remaining project costs through:
your own business resources
private or bank financing
For more information, please see the eligible cost guideline in the O-AMP program guide.
Eligibility
To be eligible for O-AMP, you must be a small- or medium-sized Ontario-based business in the automotive supply chain.
Specifically, you must meet these requirements:
be a for-profit business (with a business number)
less than 500 employees globally
less than $1 billion in global revenues
have at least two years of financial statements
at least 50% of the company’s total sales revenue comes from the auto supply sector
Larger companies (i.e. those with more than 500 employees) must partner with at least one Ontario-based small- or medium-sized business to be eligible.
Eligible projects
O-AMP provides support to projects that fall under one or both of the following categories:
technology adoption – for example, using advanced manufacturing hardware, software and/or training to improve processes and competitiveness. This might include using logistical systems and investing in production hardware or software that digitize production tracking
lean manufacturing – for example, improving operational efficiency and competitiveness by using lean manufacturing techniques or hiring the services of a mentor/consultant to help with lean implementation
Projects must also:
be achievable – for example, applicants need to have the necessary financing, project management structure and experience to implement the project
align with O-AMP’s goals – for example, job creation, revenue increases, cost savings, contributions to regional or automotive sector development
See the O-AMP program guide for details.
All information was sourced from the Government of Ontario website. To learn more and to apply visit: https://www.ontario.ca/page/ontario-automotive-modernization-program
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