Automotive_Supplier_Innovation_Program

Automotive Supplier Innovation Program

Automotive Supplier Innovation Program

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Canada's Automotive Supplier Innovation Program (ASIP) supports initiatives of companies that innovate in the automotive sector. By giving an Automotive Innovation Fund it strengthens Canada's parts supply base and creates a favorable environment for automotive research and development while providing small and mid-sized companies the opportunity to enter global supply chains.[1]

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The program helps research and development projects to become commercially viable by supporting product development and product demonstration while sharing cost basis with participating companies.[1] In 2017, the program awarded $11.5 million to six manufacturers. [2]

References

  1. [1]
    "Automotive Supplier Innovation Program (ASIP)". Government of Canada. Retrieved 2017-11-29.
  2. [2]
    Poulton, Katylnd. "Automotive Supplier Innovation Program Invests $11.5M in Manufacturing R&D". Mentor Works Ltd. Retrieved 4 December 2017.


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