Harper Government unveils details of new Automotive Supplier Innovation Program that will support new product development across Canada
April 28, 2015 – Toronto, Ontario – Industry Canada
The firms that supply Canada's auto companies are essential to the success of the Canadian economy. In order to create new jobs and stay competitive, companies must continue to develop cutting-edge products.
Industry Minister James Moore today announced details of the Automotive Supplier Innovation Program (ASIP) outlined in Economic Action Plan 2015. The new fund will support innovation in Canada's automotive industry by encouraging important new investments in the country's auto sector.
Minister Moore was joined by representatives of the Automotive Parts Manufacturers' Association and Canadian Manufacturers & Exporters, who praised today's announcement.
The Government will support auto suppliers in developing groundbreaking, advanced products. This support is essential to helping small and medium-sized businesses bring transformative ideas in their early stages to the marketplace. The fund will support activities such as prototype development, process engineering and product testing.
The Government of Canada will begin accepting applications for contributions under the ASIP in June 2015.
Office of the Minister of Industry