Technology Assessment Program
FUNDING UP TO $25,000 IN SAVINGS AVAILABLE APRIL 2020!
Overview Investing in new productive assets and technology is critical to keep manufacturers competitive. Over 40% of manufacturers identify uncertain return on investment as the main reason why they are not investing in new technology. CME’s Technology Assessment Program helps companies understand what technologies are best suited for their needs and provides greater certainty on their investments.
A SOLUTION TO HELP SMES The Technology Assessment Program connects SME’s manufacturers in southern Ontario manufacturers with qualified experts to get customized technology assessments (up to $25,000 in reimbursable funds).
CME’s Technology Assessment Program qualified assessors will work on-site with companies to create a customized plan on how they can improve productivity by capitalizing on existing assets and implement the latest advanced manufacturing technologies including hardware, software, and cloud computing.
Upon completion of the assessment, the qualified expert will recommend an action plan that will enable your business to make informed decisions to assess, purchase, adopt, implement, train and maintain new technologies.
Eligible Companies In order to be considered for FedDev assessment funding, your company must meet the following criteria:
Must be a manufacturer(1) based in Southern Ontario per the census map (Refer to Southern Ontario Service Area)
Must be an incorporated business (federally or provincially) for 2 years or more continuously
Must demonstrate financial stability
Must have greater than 15 and fewer than 500 full-time employees (FTE) in Southern Ontario
Companies are not required to be a member of CME to be eligible
Not receiving other contributions toward the activities contained in the funding application from other government funded programs, including but not limited to:
University or College Funding programs
Export Funding programs
Other related government funding programs
(1)Manufacturer is described as involved in operations to produce or support products/services related to manufacturing, processing, fabricating or refining
Productivity Technology assessments by qualified experts to identify where potential operational efficiencies could be achieved. Assessments can focus on areas such as:
Quality (for example, ISO Certification)
Environmental impact (various green certifications)
Energy efficiency (production level)
Information and management systems
How to Apply
The technology assessment program requires the participating company to comply with the requirements of the four phases of the technology assessment program. Approvals with each phase will ensure that the company moves to the next phase of the program. The participating company will need to successfully complete all the requirements during the timeline of the program.
If you have any questions relating to the application process, contact: firstname.lastname@example.org 647-556-5794
All information has been sourced the Canadian Manufacturers & Exporters Website. To find out more information visit: https://cme-mec.ca/technology_assessments/
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