Applications open for the Ontario Automotive Modernization Program
The Ontario government is launching the next round of applications for the Ontario Automotive Modernization Program (O-AMP). Part of the government’s Driving Prosperity automotive plan, the $10 million O-AMP provides auto parts companies with funding to invest in new technologies and support innovation in Ontario’s automotive supply chains.
Funding covers up to 50% of eligible project costs to a maximum of $100,000, with recipient companies contributing the remainder through their own resources. The deadline for applications is Wednesday, October 7, 2020 at 5:00 p.m. EST.
“Ontario is uniquely positioned to lead the development of the next generation of vehicles when you consider that we have North America’s second-largest IT cluster and are the continent’s number two auto producer… With more than 250 companies and organizations active in the development of connected and autonomous vehicle technologies, many of the world’s leading companies are developing the transportation solutions of the future right here in our province,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade.
Global leaders such as GM, Ford, BlackBerry QNX, Uber and Renesas have invested more than $1 billion in the development of connected and autonomous vehicle technologies in Ontario.
According to a recent press release, the Ontario government will continue to promote innovation in the province’s advanced manufacturing sector by supporting the Canadian Manufacturers and Exporters’ Ontario Made program. As the province reopens and continues down the path to economic recovery, the government is supporting Ontario’s world-class manufacturing sector and its workers.
“Our government has made it faster, easier, and more cost-effective to do business in the province, which will position us for success and bring jobs to Ontario as the global economy recovers,” added Minister Fedeli.
“Ontario’s auto sector has been front and centre in the fight against COVID-19, with many companies retooling their operations to make emergency supplies. The auto industry, a mainstay of advanced manufacturing and innovation, will continue to be instrumental as we implement our made-in-Ontario plan for renewal, growth and economic recovery.”
Photo: Government of Ontario