Canada's automotive suppliers are building the car of the future
Supporting innovation in Canada's automotive supply chain
April 13, 2016 – Kitchener, Ontario – Innovation, Science and Economic Development Canada
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, accompanied by the Honourable Bardish Chagger, Minister of Small Business and Tourism, announced investments of approximately $19.6 million in seven new projects through the Government of Canada's Automotive Supplier Innovation Program.
The ministers made the announcement at Pravala Car in Kitchener, which will receive a contribution of up to $9.7 million to develop a platform that provides reliable and uninterrupted Internet connectivity in vehicles.
From the software and systems that will define the autonomous and connected cars of tomorrow to the lighter and stronger parts that will help make cars more environmentally friendly, Canada's automotive supply chain is at the centre of Canadian automotive innovation. The Automotive Supplier Innovation Program supports this innovation and helps Canadian suppliers take full advantage of new opportunities in a sector that is driven by modern technologies.
The Government of Canada continues to invest in small and medium-sized businesses that are bringing new technologies from early stage development to the global automotive marketplace. In addition to today's investments, the Government, as announced in Budget 2016, will extend the Automotive Innovation Fund through to the end of 2020–21, a program that was scheduled to sunset at the end of the 2017–18 fiscal year.
"These projects under the Automotive Supplier Innovation Program demonstrate how Canada's innovative automotive suppliers are developing the green technologies that will shape the cars of the future. Through our efforts, in addition to the Budget 2016 commitment to extend the Automotive Innovation Fund to the end of 2020–21, we are helping Canada's automotive sector to innovate, grow and improve its global competitiveness."– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
- Canada's automotive sector is the country's largest manufacturing sector, producing over 2 million vehicles per year, roughly one car every 13 seconds.
- It employs some 121,500 Canadians directly and another 390,700 indirectly with the largest job multiplier of any sector: six jobs for every assembly job.
- Canada has an opportunity to draw on its research strengths in areas such as automotive lightweighting and information and communications technologies to help design and build the cars of the future. As announced in Budget 2016, the Government will extend the Automotive Innovation Fund through to the end of 2020–21 so that this expertise can be deployed together with partners and stakeholders.
Follow Minister Bains on Twitter: @MinisterISED
Office of the Minister of Innovation,
Science and Economic Development
Innovation, Science and
Economic Development Canada
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