New Technology, Tools and Process Support from the Ontario Automotive Modernization Program

As an automotive parts supplier, you could receive support when you introduce new process technology, tools and technologies to support new product development, or lean manufacturing to your business.  The funding is part of the Ontario Automotive Modernization Program which offers up to $150,000 in support. Applications will be accepted between March 27, 2024 and May 2, 2024. 

Eligibility requirements for this program:

• be a for-profit business (with a business number)
• have less than 500 employees in Ontario
• have less than $1 billion in global revenues
• have a minimum of two (2) consecutive years of financial statements (auditor or accountant reviewed).
• have at least 50% of the company’s total sales revenue from the auto supply sector
• must have a manufacturing location in Ontario by the time your project starts

Successful applicants could get up to $150,000 to help cover up to 50% of eligible project costs.