Mar 9, 2023
Canada Invests In Ontario’s Manufacturing
Canadian Manufacturers and Exporters (CME) has launched the ‘Technology Investment Program,’ designed to help drive competitiveness for small- and medium-sized southern Ontario manufacturers by investing in advanced technologies. Funded by the government of Canada via the Federal Economic Development Agency for Southern Ontario, the $8.8 million in funding will assist eligible manufacturers with a matching contribution of up to $50,000 to support their investment in long-term production assets and technology. When comparing trends in Canada to those south of the border, Ontario manufacturers remain slow adopters of advanced manufacturing technology, says CME. “To compete in our modern economy, manufacturers must be investing in 'manufacturing critical technologies' including robotics; artificial intelligence and other machine learning applications; and advanced networks such as the Internet of Things (IoT),” it says.
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