Ontario Automotive Modernization Program (O-AMP)

Description:

The Ontario Automotive Modernization Program (O-AMP) provides funding to small- and medium-sized automotive parts suppliers in Ontario to help modernize Ontario’s automotive supply chain to make it more competitive and responsive to the changing needs of its customers.

Comments on Funding:

Funding is up to 50% of eligible project costs, to a maximum of $150,000.Applicants must cover at least 50% of remaining project costs through: their business resources or private or bank financing.Stacking with other provincial program is not permitted.

Eligibility:

Applicants must be:

  • Be a small- or medium-sized Ontario-based business in the automotive supply chain,
  • Be a for-profit business (with a business number),
  • have less than 500 employees in Ontario
  • have less than $1 billion in global revenues,
  • have at least two years of financial statements,
  • have at least 50% of the company’s total sales revenue coming from the auto supply sector,
  • have a manufacturing location in Ontario by the time your project starts.

Documentation Needed:

  • a copy of your Articles of Incorporation;
  • financial statements for the last two fiscal years (auditor or accountant reviewed);
  • quotes from contractors/vendors for budget items;
  • letter of attestation from the CEO or CFO indicating that the company has the financial resources in place to complete the project;
  • project team member resumes.

Other Things to Note:

  1. The application period for fall 2021/winter 2022 is now closed. Information about future application rounds will be announced in summer 2022.
  2. Previous sources no longer available. All sources are new ones.

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