Nano One Materials has secured $1.9 million in Canadian government funding through the Automotive Supplier Innovation Program (ASIP). Research grants will support the company’s development of battery material production technology and enable the design, construction, and operation of Nano One’s pilot plant.
The Automotive Supplier Innovation Program (ASIP) fosters automotive innovation, including the development of clean technologies or processes that lead to enhanced energy efficiency. The program helps commercialize innovative products by funding the development and demonstration of technologies on a cost-shared basis.
Canadian government grants will enable Nano One to improve automotive ion battery technology and expand the company’s existing infrastructure to include a Demonstration Pilot Plant. This is expected to create new job opportunities in British Columbia.
Nano One Secures $1.9M in Grants to Enhance Automotive Technology
Nano One Materials Corp. is a Vancouver-based technology firm that specializes in advanced nanostructured composite materials and high performance energy storage materials for batteries. The company’s technologies have been designed to adapt to emerging battery market trends and configured for various nanostructured materials.
Recently, Nano One secured $1.9 million in government grants through the Automotive Supplier Innovation Program. This contribution will support the development of low-cost, high-quality batteries for:
- Electric vehicles,
- Consumer electronics, and
- Energy storage solutions.
Nano One will expand its existing infrastructure to include a new Demonstration Pilot Plant for the testing and evaluation of energy efficient batteries. The new plant will also be used to showcase the company’s patented technology and simulate the production of lithium ion cathode materials, which are a critical resource to the electric vehicle market.
“We remain on target to have the pilot plant built early in 2017 and our approach is already drawing the attention of multinational lithium ion battery stakeholders in the automotive supply chain.”
– Dan Blondal, CEO, Nano One Materials Corp.
ASIP Grants for Innovative Automotive Technology Development Projects
The Automotive Supplier Innovation Program (ASIP) provides research grants to support Canadian automotive technology research and development. The program supports manufacturing projects that seek to improve a company’s productivity, quality and efficiency processes, and innovative capabilities.
Eligible applicants may receive up to 50% of eligible project expenses to a maximum contribution of $10 million in ASIP grants.
Discover the Top Trends Within the Canadian Automotive Sector
Automotive anufacturers and technology developers can access Canadian government funding to offset expenses for a wide variety of investments, such as research and development. Thankfully, the federal and provinicial governments provide financing options to support innovative projects.
Businesses should consider downloading Mentor Works’ Top 4 Trends in the Canadian Automotive Sector white paper to learn more about emerging automotive technologies and how they might effect manufacturers moving forward.