Boost Your Business Technology Grant
BYBT
Canadian Digital Adoption Plan (CDAP)
SMALL & MEDIUM-SIZED ENTERPRIESES CAN ACCESS UP TO $125,000 IN FUNDING TO TRANSFORM THEIR BUSINESS THROUGH TECHNOLOGY.
Boost Your Business Technology as part of Government of Canada 2021 federal budget, announced the Canada Digital Adoption Program (CDAP) with a total offering of $4 billion in total funding efforts.
Doing business in the digital age just became a lot more affordable and accessible. 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?
CDAP Stream 2: Boost Your Business Technology Grant
The Boost Your Business Technology grant helps small and medium-sized businesses adopt new digital technologies.
Get up to $15,000 to boost your business technology.
Looking to increase productivity? Need to consolidate your back office software? Need better cybersecurity tools? With a plan tailored to your business, we can help with your digital transformation.
Boost Your Business Technology
- The Digital Adoption Program Stream 2 grant helps SMEs:
- Reduce overhead costs
- Speed up transactions
- Respond to clients more quickly
- Manage inventory more efficiently
- Improve supply chain logistics
Stream 2 Eligibility
- You’re ready to apply for Boost Your Business Technology grant if:
- You’re an owner or director (or are authorized by the director)
- Your business is:
- Canadian-owned
- is for-profit
- has 1 to 499 employees
- has had at least $500,000 in annual revenue in 1 of the last 3 years
Additional Funding Opportunities
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:
BDC Interest Free Business Loan up to $100,000
- If you're ready to move forward on your digital adoption plan but you don’t have the necessary cashflow, BDC can help with a 0% interest loan of up to $100,000.
- Funds from the loan can be used towards:
- Acquiring IT equipment and software licenses
- Implementation of new technologies
- Updating and/or expanding IT infrastructure
- Training staff on onboarded technologies
- Materials and support services directly related to onboarding the technology
- Further advisory services on particular aspects of the digital adoption plan
Up to $7,300 Funded Work Placement Subsidy
- You can hire talented students or recent graduates to help your business achieve its digital adoption goals.
