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.
|1||Eligible SME accesses Boost Your Business Portal|
|2||SME completes a free digital needs assessment tool|
|3||SME completes application for a grant (up to $15,000) to consult with an approved CDAP advisor to develop a digital adoption plan.|
|4||SME selects an approved CDAP advisor to develop a plan|
|5||SME can apply for a 0% interest loan ($100k max) from @BDC to implement the digital adoption plan|
|6||SME can access $7,300 wage subsidy to hire a student or recent graduate to help with the digital transformation|