Yves Landry Foundation offers up to $100K in training support to Ontario manufacturers
November 15, 2018
By Manufacturing AUTOMATION
November 15, 2018 – The Yves Landry Foundation is accepting applications from manufacturers in south, central and eastern Ontario to receive up to $100,000 to offset the costs of training expenses.
The foundation, which promotes skills training and education through collaboration between business, education and government, launched the AIME (Achieving Innovation and Manufacturing Excellence) Global initiative to support southern Ontario manufacturers in training or skills-upgrading activities that will support innovation at their manufacturing facilities.
Supportable projects may include developing new engineering skills, training in the use of new software, hardware or other tools necessary to support innovation; and training to adopt and adapt new technologies, new manufacturing methods, or any other area of business that will make a southern Ontario manufacturing company more competitive in the global market place. All initiatives must support innovation, which will lead to new global export opportunities or create new global markets.
The program is partially funded by Canada’s Federal Economic Development Agency for Southern Ontario, through the Investing in Business Growth and Productivity Initiative.
First-time applicants to AIME may be eligible for up to a maximum of $100,000 with 50 per cent shared costs. New for this year is that previous participants who have received funding more than 24 months ago may be eligible for a second tier of funding; these second-generation applications may be eligible for up to $100,000 with a shared contribution up to 25 per cent. In other words, the company must demonstrate 75 per cent of the costs, with a 25 per cent contribution from the Yves Landry Foundation up to $100,000.
Applicants must have between 10-1,000 employees in southern Ontario; have been continuously in business for at least three years; be able to demonstrate a solid financial footing over that three-year period and manufacture a specific product for sale in Ontario or elsewhere.
Applications will be accepted until August 31, 2019.
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