Doing business in the digital age just became a lot more affordable and accessible. The Government of Canada, as part of the 2021 federal budget, announced the Canada Digital Adoption Program (CDAP) with a total offering of $4 billion in total funding efforts.
The goal of the CDAP program is to support small and medium-sized enterprises (SMEs) to meet the challenges of the digital age and to thrive in the digital world. Through the Canada Digital Adoption Program’s Boost Your Business Technology grant, you can get $15,000 in funding to work with Wingman Digital Advisory, your dedicated CDAP advisor. Plus, get access to up a $100,000 interest-free loan from BDC to implement your digital adoption roadmap and up to $7,300 hiring subsidy to support your implementation. On top of that, SME’s can access up to $2,400 Grow Your Business Online micro-grant for digital presence!
With access to up to $125,000, how could your business transform?
Through the CDAP program, SME’s have access to two main grant funding streams:.
After completion of the Boost Your Business program and approval of the final digital adoption plan (DAP), SME’s will get access to 2 additional funding opportunities:
There are a few simple requirements for businesses seeking to apply for the grant:
Complete the CDAP assessment tool to determine your business’ digital maturity as well as your eligibility.