Automotive Supplier Innovation Program (ASIP) | |
Homepage: | http://www.ic.gc.ca/eic/site/auto-auto.nsf/eng/h_am02377.html |
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]
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]