Automotive Supplier Competitiveness Improvement Program (ASCIP)
Developed through a partnership between the Automotive Parts Manufacturer’s Association (APMA), the Ontario Centres of Excellence (OCE), and the Ontario Ministry of Economic Development and Growth, ASCIP supports automotive suppliers in becoming more competitive by providing up to $100,000 in project funding.
Companies within the auto parts sector can use ASCIP to help offset the cost of adopting advanced hardware and/or software as well as training.
Small to medium-sized automotive suppliers are given priority; however larger automotive suppliers partnering with small to medium-sized suppliers are also eligible.
Two eligible project streams:
• Technology Adoption—Eligible projects must focus on advancing product life cycle management and improving competitiveness through the adoption of advanced hardware, software and/or training. Reimbursements of up to 50% or $100,000 per project are available – whichever is lower. Implementation of advanced technologies (including ERP systems) can be incorporated as part of the overall project.
• Mentorship—For small and medium-sized parts suppliers seeking to improve operational efficiency and competitiveness. Mentors will be automotive industry experts with in-depth knowledge of manufacturing process efficiency and will assist suppliers with specific business development needs. Mentor services qualify for up to five projects.
How can BDO help?
BDO’s Advisory Services Group can help determine how government grants and incentives, including ASCIP, fit into your company’s future growth plans. Our Automotive Industry Consultants are available to assist with opportunity identification,business planning, as well as the preparation of technical and financial elements required for grant and incentive applications.
BDO’s IT Solutions team have been helping mid-sized Canadian organizations implement solutions for 10 years. Our team provides services for Microsoft ERP and CRM solutions and the Microsoft technology platform and are the proud recipients of Microsoft’s 2016 Partner of the Year award. If you’re considering using ASCIP to help offset the cost of deploying IT solutions, BDO’s Advisory Services group can assist.
To learn more; contact your local BDO office
Partner, Advisory Services Practice
Mobile: 416 529 5357
Partner, IT Solutions
Mobile: 416 618 0938