Archived — Automotive Supplier Innovation Program (ASIP)

The call for applications has closed. For newer funding for dynamic and emerging firms in high-growth sectors, visit the Strategic Innovation Fund.

Fostering Automotive Supplier Innovation

Automotive Supplier Innovation Program

Automotive suppliers are an integral part of Canada's automotive footprint and success. In order to stay competitive, these companies, many of which are small and medium-sized enterprises, must make new product development the cornerstone of their business strategies. Vehicle manufacturers are demanding a supply of innovative products to meet new fuel efficiency, emission and safety standards and address the growing consumer interest in connected and automated vehicle technologies. Suppliers that can demonstrate an ability to meet these demands will not only succeed in winning business from domestic manufacturers, but will be well positioned to market their solutions globally.

Economic Action Plan 2015 proposes to provide $100 million over five years, starting in 2015–2016, for the creation of the Automotive Supplier Innovation Program, to help Canadian automotive suppliers gain a competitive edge through new innovative products and processes. The program will help research and development projects to become commercially viable by supporting product development and technology demonstration on a cost-shared basis with participating firms.

The Automotive Supplier Innovation Program will complement existing initiatives supporting the automotive sector, such as the Automotive Innovation Fund, by strengthening Canada's parts supply base and creating a favourable environment for automotive research and development, while providing firms with new opportunities to enter global supply chains.

For more information please contact:
Automotive Supplier Innovation Program
Innovation, Science and Economic Development Canada
Telephone: 343-291-3554

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