CME Smart Advanced Technologies for Global Growth

November 19, 2014

At the Advanced Manufacturing Summit on November 17, 2014, Minister of State Gary Goodyear discussed the importance of advanced manufacturing to Canada’s economy and announced up to $20 million for the Canadian Manufacturers & Exporters (CME) to deliver a new program called SMART Advanced Technologies for Global Growth.

The CME SMART program will be launched on December 1, 2014, and will provide funding for southern Ontario manufacturers who are exporting, planning to export, or selling into a supply chain, to conduct technology assessments and adopt advanced technologies. These types of technologies, such as robotics, 3D printing and automated materials handling, help to reduce manufacturers’ production costs and expand their production capabilities. This enables businesses to become more competitive and strengthens their ability to participate in global supply chains.

The program will support two types of projects:

  • Advanced Technology Assessment by qualified professionals who will examine the manufacturing performance of a company and recommend how advanced technologies could be implemented to improve the company’s productivity and capabilities. Advanced technology assessments will be eligible for funding of up to 50 percent of eligible costs to a maximum non-repayable contribution of $15,000.
  • Advanced Technology Adaptation/Adoption project that will focus on improving productivity through the adaptation or adoption of new or upgraded advanced technologies, materials or processes. Advanced technology projects will be eligible for funding up to 35 percent of eligible costs to a maximum non-repayable contribution of $100,000.

Quick Facts

  • More than 32,000 manufacturing establishments exist in southern Ontario and contribute significantly to local economies.
  • Through its new program, CME expects that more than 1,000 new manufacturing jobs will be created in southern Ontario and 2,500 jobs will be maintained.
  • FedDev Ontario’s investment in CME is expected to leverage between $18 and $51 million from southern Ontario manufacturers.
  • Since 2009, FedDev Ontario has invested more than $38 million in CME to deliver its SMART-branded programming in southern Ontario. This has supported more than 730 projects, which created more than 5,400 jobs and maintained more than 11,000.

Eligibility

  • Companies are not required to be a member of CME to be eligible. Must be a manufacturer based in Southern Ontario.
  • The applicant must be an incorporated business (federally or provincially) for 2 years or more continuously and demonstrate financial stability.
  • Must have 15 (minimum per facility) and 1,000 employees maximum per corporation within Ontario operations only (including subsidiaries). Minimum of 15 employees is required from date of submission throughout the lifecycle of the project.
  • Demonstrate they are engaged in international markets (i.e. companies that export, are going to export, or are selling in a value chain leading to export.)
  • Propose a project that focuses on adapting or adopting advanced technologies.
BDO in Canada
BDO is one of the leading accounting and advisory firms in Canada with our strengths firmly rooted in the communities we serve. Our professionals combine personalized, local advice and service with national resources and experience. As a member firm of the international BDO network, we also have access to advisors around the globe with over 1,000 offices in more than 100 countries.

About Us

BDO’s team of technology experts works with our clients to take a comprehensive approach to funding innovation and growth initiatives.

Contact us to see how BDO can assist with the CME SMART program application process for the assessment or project phase of the program. In addition, our consultants will identify any other grant or incentive programs your company may be eligible for.

www.bdo.ca


BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms.
This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.