“The Automotive Innovation Fund (AIF) will provide automotive firms $250 million over five years to support strategic, large-scale research and development (R&D) projects to build innovative, greener, more fuel-efficient vehicles. The AIF will support Canada’s environmental agenda in advancing Canadian capabilities in fuel-efficient automotive technologies and greenhouse gas reduction. Under the AIF, Industry Canada will consider funding proposals that provide for private sector investment in Canada of more than $75 million over five years. Eligible projects will include vehicle and powertrain assembly operations associated with significant automotive innovation and R&D initiatives.”
For more information go to www.ic.gc.ca/eic/site/auto-auto.nsf/eng/am02257.html