Funding Available for Manufacturers

The Technology Assessment Program connects Southern Ontario small to medium-sized manufacturers (SME) with technology experts to get customized assessments (up to $25,000 in value) to determine how technology can improve operations and maximize productivity for their business.


FUNDING UP TO $25,000 IN SAVINGS AVAILABLE APRIL 2020!

FedDevOntario has announced an investment of $5.2 million in Canadian Manufacturers and Exporters to assess technology. 

Click here to apply: https://cme-mec.ca/technology_assessments/

The Technology Assessment Program connects Southern Ontario small to medium-sized manufacturers (SME) with technology experts to get customized assessments (up to $25,000 in value) to determine how technology can improve operations and maximize productivity for their business.

Keeping up to date and assessing how new technologies can be applied to maximize return on investment and improve your bottom line is a challenge. CME’s Technology Adoption Report shows that 42% of manufacturers identify uncertain ROI as the main reason why they are not investing in new technology.

Businesses that invest in digital technologies have a considerably better growth outlook than their non-adopting counterparts. This results in a wide range of potential benefits including:

  • Lower operating costs. Digitization opens the door to the collection of data that can be mined to identify efficiencies in existing operations, decrease downtime, and monitor and guide production activity.
  • Increased product quality. Advanced technologies can help to root out errors and deficiencies in production, boost quality control, and lead to overall improvements in the production process.
  • Higher innovation capacity. Technologies like 3D printing and electronic prototyping lower innovation costs and can unlock new abilities and capacity that were previously unavailable to producers.
  • Increased customer satisfaction. Digitization and advanced technology use can increase customer satisfaction by decreasing response times, creating more specialization and customization opportunities, and improving product quality.
  • The program connects Southern Ontario small to medium-sized manufacturers (SME) with technology experts to get customized assessments (up to $25,000 in value) to determine how technology can improve operations and maximize productivity for their business.
  • Take advantage of this assessment valued at up to $25,000 and gain a competitive edge. Our expert will come on-site to help develop a system engineering approach to capitalize on existing assets and find areas for technology-led improvements in productivity including equipment, hardware, software, cloud computing, and advanced manufacturing.
  • Our technology experts will work with you to recommend and develop an action plan that will enable your business to make decisions to assess, purchase, adopt, implement, train, and maintain new technologies going forward.

This program ends on March 31, 2022. We continue to accept applications for assessments until December 31, 2021 with a completion date of no later than January 31, 2022. All reports and expense claims for approved assessments must be submitted no later than February 28, 2022. No extensions will be granted.

CME realizes the importance of assessments and will contribute 100% to a maximum of $25,000 of the eligible costs to help companies construct a comprehensive systems engineering approach to developing a strategy on how to successfully grow their businesses and capitalize on the addition of new technologies, focusing on the current state of their technology (including equipment, hardware, software, cloud computing, and advanced manufacturing), how they learn of new technologies and make decisions to assess, purchase, adopt, implement, train, and maintain these technologies.

Companies must complete a technology assessment application form and submit a proposal from a qualified service provider (QSP) authorized by CME. This must be for future work and not for any assessments that have been previously completed by the applicant. The proposal must outline the assessment process, clearly articulating the areas of consideration and opportunities for improvement, the recommendations, and a description of how results will be measured. Assessments are expected to enable manufacturers to identify specific improvements in their systems, processes, and equipment, that should result in increased productivity, allowing them to expand into new markets and bring higher-paying jobs and skills to Ontario.

IMPORTANT NOTES

  • An approval for an assessment does not guarantee that a project will then qualify for FedDev’s Targeted Manufacturing Initiative for Southern Ontario funding
  • Only one assessment will be funded per company
  • The assessment must be undertaken by an approved CME QSP
  • This must be for future work and not for any assessments that have been previously completed by the applicant
  • A signed copy of the initial assessment (from the QSP) must be included in the proposal and submitted by the company for authorization to proceed with the assessment
  • A final copy of the QSP’s assessment report must be submitted to CME for approval prior to any final payment
  • All agreements for the assessment are between the applicant company and the QSP
  • The applicant company is responsible for making payments to the QSP. CME will not make direct payments to the QSP
  • The final decision on satisfaction with the quality of the assessment rests with the applicant company. If unsatisfied with the report, this must be rectified before submitting to CME for payment. A received report and final claim constitutes a satisfactory and complete assessment
  • Please note: Applications are only being accepted for manufacturers in Southern Ontario. Refer to the Southern Ontario Service Area for coverage
  • Site: https://cme-mec.ca/technology_assessments/