The Ontario Automotive Modernization Program (OAMP) is an Ontario government funding program that helps automotive businesses improve productivity through technology adoption projects. It builds off the success of the former Automotive Supplier Competitiveness Improvement Program (ASCIP) and focuses on integrating innovative equipment that reduces costs and expands manufacturing capabilities.
- Amount: Up to 50% of eligible project costs to a maximum $100,000 in Ontario government grants (cost-sharing contributions).
- Projects: Adopting new manufacturing technologies to spur productivity and innovation.
- Timeline: Launching in Spring 2019. More details will become available closer to program launch.
- Eligibility: Ontario automotive businesses with fewer than 500 employees. At least 50% of revenue must come from the automotive supply sector.
Top Ontario Automotive Modernization Program Resources
Resources for the Ontario Automotive Modernization Program (OAMP) will be available here once more details are announced.