The Automotive Supplier Competitiveness Improvement Program (ASCIP) is an Ontario government funding program that supports automotive manufacturing technology adoption projects. Through ASCIP funding, automotive suppliers can access Ontario business grants to offset a portion of costs related to hardware and software upgrades. Upon completing an ASCIP-funded project, automotive manufacturers will be more productive and globally competitive than previously possible.
ASCIP funding can offset up to 50% of project costs to a maximum $100,000 in Ontario small business grants.
The program has recently announced two new intake dates for interested manufacturers to submit applications. To apply for ASCIP funding in 2018, automotive companies must apply by either July 4 or November 28. Companies who’ve received ASCIP funding in past application periods are not eligible to apply again; however, new applicants are encouraged to apply during one of these upcoming intake periods.
About the Automotive Supplier Competitiveness Improvement Program (ASCIP)
The Automotive Supplier Competitiveness Improvement Program (ASCIP) helps Ontario automotive manufacturers adopt innovative hardware and manufacturing software platforms. By reducing the costs of these types of projects, manufacturers can introduce technologies faster and better respond to emerging market opportunities.
ASCIP funding supports projects by offsetting up to 50% of project costs to a maximum $100k in automotive grants.
ASCIP has two unique funding streams, including:
- Technology Projects: Adopting new production software or hardware, such as Enterprise Resource Planning (ERP) systems.
- Mentorship Projects: Receiving feedback on business operations to develop and implement growth plans.
Applicant Eligibility for ASCIP Grants
ASCIP provides automotive business grants to applicants that:
- Are an incorporated Canadian business with established manufacturing operations in Ontario;
- Employ less than 500 workers or earn less than $1,000,000 in global revenue; and
- Generate at least 50% of the company’s annual revenues through Canada’s automotive industry.
Project Eligibility for ASCIP Funding
ASCIP will consider funding automotive manufacturing projects that:
- Can be completed within 24 months of project start date;
- Adopt new automotive technologies and processes;
- Advance product life-cycle management;
- Improve productivity, capacity, innovation, and competitiveness;
- Position the business to be more responsive to emerging market trends; and
- Enhance product life-cycles by improving equipment runtime, energy consumption, technology, and/or sales revenues.
Success Stories: How Mentor Works’ Clients Use ASCIP Funding
Mentor Works’ Government Funding Planners™ have helped several Ontario automotive manufacturers develop a competitive ASCIP funding application. Some projects we’ve seen successfully approved through ASCIP’s Technology and Mentorship streams include:
- Client 1: Awarded nearly $90k to participate in ASCIP’s Technology Stream to implement new software, programming, and hardware that will lead to new co-processing capabilities, improved efficiency and output. The project helped improve the business’s competitiveness and ability to capitalize on large-scale customer contracts.
- Client 2: Awarded nearly $50k to participate in ASCIP’s Technology Stream to invest in software that optimizes shop floor data. The project allowed the business to improve cross-departmental communications, increase productivity, and decrease product imperfections.
- Client 3: Awarded $21k to participate in ASCIP’s Technology Stream to modify and customize Shoptech E2 software. The project led to improved productivity and industry competitiveness through the facilitation of more informed business decisions.
- Client 4: Awarded $100k to participate in ASCIP’s Mentorship Stream to work with Harbour Results to assess current processes, improve data collection, and assessment of KPIs. As a result, the company will develop new services and business models, lower costs, increase productivity and flexibility, and boost competitiveness on an international scale.
How to Access ASCIP Funding for Automotive Manufacturers
To get started with the Automotive Supplier Competitiveness Improvement Program, eligible automotive manufacturers must develop and submit a project proposal. If the company and project are deemed a good fit for ASCIP funding, applicants are provided online access information where they can retrieve the full funding application and submit all required documents.
Complete funding applications must be submitted by 2:00pm ET on July 4, 2018. Those unable to develop an application by then may also apply during the program’s second intake, which has a deadline of November 28, 2018.
Companies who have not received ASCIP grants in the past are invited to apply; however, past awardees are not eligible to receive funding during these intakes.
To discuss your business’ eligibility or receive assistance with the application process, please contact Mentor Works.
Posted: October 6, 2017 by Katlynd Poulton. Updated: May 10, 2018 by Jeff Shepherd.
This post originally appeared on Mentor Works. Mentor Works helps established for-profit companies find and leverage Canadian business grants and loans.