Client Spotlight: Funding Success for Takumi Stamping Canada Inc.
Understanding how to position a company’s funding application so that it aligns with the objectives of a government funding program is fundamental to improving the odds of approval. Projects that frame their goals to match a funding program’s overall objectives have a higher chance of success. Government funding consultants can help finetune project specifics and identify which available grants and loans fit the company best.
Through the success of three funding program applications, Mentor Works, a Ryan Company, has helped Takumi Stamping Canada Inc. access over $1.5 million in grants and loans for strategic innovation and growth projects.
Funding helps businesses push forward their projects so their businesses can not only become more competitive and modernized within their industry, but also provide the optimized services to meet their customers’ needs. Projects that may not seem feasible become possible with the support of government funding programs.
“Our projects are happening quicker, being approved faster, and overall, we are more ready to take on our tasks for each new project because of these funding opportunities [Mentor Works] has helped with.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
In this client spotlight article, we will uncover the funding success of our client, Takumi Stamping Canada Inc, as supported through consulting and grant writing services provided by Mentor Works, a Ryan Company, and how specific funding has helped their Canadian business meet their strategic company goals.
About Takumi Stamping Canada Inc
Takumi Stamping Canada Inc is a subsidiary of Takagi Manufacturing Company Limited, located in Okazaki, Japan. Established in 1890 and incorporated in 1948, Takagi Manufacturing Company also has North American manufacturing operations in Ohio and Texas. Globally, Takagi has operations in China, Indonesia, and Japan.
Takumi Stamping Canada Inc manufactures stamped metal parts for Toyota Motor Manufacturing Canada’s Woodstock facility. With plans to grow their business to other customers in the region, their goal is to become a major supplier in the automotive manufacturing industry for the province of Ontario. Their new facility in St. Thomas, also supplying to Toyota’s Woodstock facility, has the latest in stamping machinery and production processes.
“As our business continues to grow, so will the funding opportunities that we hope to utilize in the future, and we are happy to have Mentor Works supporting us to alleviate the amount of internal work that applications can take.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
Southwestern Ontario Development Fund (SWODF) for Business Expansion
Developed to encourage businesses to invest in new facilities and equipment, the Southwestern Ontario Development Fund (SWODF) is a business expansion funding program that supports innovative businesses, economic development organizations, municipalities, and consortia on projects that invest in infrastructure and implement growth strategies that advance regional priorities.
Eligible business applicants can receive up to 15% of project expenses with total funding per project reaching $500,000 to $5 million, depending on whether they are applying for a non-repayable grant or a repayable loan. Alternatively, eligible community economic development applicants can receive up to 50% of eligible project costs for a maximum of up to $1.5 million in non-repayable grant funding.
“The knowledge on previous applications and prior client wins is a big asset in knowing how to broaden the scope of a project and get the most funding benefit, which [we] wouldn’t know internally.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
Ontario Automotive Modernization Program (O-AMP)
Supporting Ontario automotive parts manufacturers as they invest in new technologies and lean methodology, the Ontario Automotive Modernization Program (O-AMP) is an Ontario government funding program that exists to improve the operational efficiency and competitiveness of the province’s automotive sector.
Although currently closed for intake, when this program is open, eligible applicants can receive up to 50% funding to a maximum of $150,000 grant per eligible project.
“With each transition, from one stage to the next, everything was incredibly straightforward and smooth. It takes a lot of time off our plates.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
Yves Landry Foundation Funding for Training and Equipment Via the Government of Canada
As manufacturers aim to upskill their employees and retrain their workforce to adopt and adapt green manufacturing principles, the Yves Landry Foundation Funding for Training Via the Government of Canada program provides funding for Canadian manufacturers to develop and enhance their green initiatives at the shop floor level.
Government of Canada funding through the Yves Landry Foundation can provide eligible businesses with non-repayable grant contributions to a maximum $100,000 towards eligible expenses.
“The whole team is very professional, knowledgeable, and informative.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
Apply for Government Funding with Mentor Works Support
When choosing to work with Mentor Works, a Ryan Company, Canadian businesses are paired with our skilled team of professional grant writers who complete each stage of the funding process based on vast funding knowledge and government insight. The thorough pre-qualification process leads to a higher rate of approval when compared to the average success rates of each government funding program, and our team genuinely believes in every applications that we support.
“Overall, [the Mentor Works team] should keep doing what they’re doing. I have no concerns and I wouldn’t change anything.”
– Jeremy Bosma, Senior Manager of Human Resources, Takumi
If your organization has been incorporated in Canada for at least three years, has 15 or more payroll employees, and has a positive net income, consider working with Mentor Works, a Ryan Company, to help your business find and access government funding that aligns with your unique projects and goals. Contact our team today to get started.
