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]
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