Canada Digital Adoption Program (CDAP) provides funding to small and medium sized businesses (SMEs) to adopt new digital technologies.
The Boost Your Business Technology grant funds the development of a digital transformation plan for eligible businesses. With a formal digital plan, the business can then access 0% interest loan to implement the plan, plus funding to hire students for plan implementation.
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Eligible SME accesses Boost Your Business Portal |
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SME completes a free digital needs assessment tool |
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SME completes application for a grant (up to $15,000) to consult with an approved CDAP advisor to develop a digital adoption plan. |
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SME selects an approved CDAP advisor to develop a plan |
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SME can apply for a 0% interest loan ($100k max) from @BDC to implement the digital adoption plan |
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SME can access $7,300 wage subsidy to hire a student or recent graduate to help with the digital transformation |
Melanie Taljaard, More in Store