Canada Digital Adoption Program
The Boost your Business Technology Stream will offer support to small and medium Canadian-owned businesses (SMEs), to adopt new technologies. The support will be in the form of grants to offset the cost of retaining Digital Advisors who will develop digital adoption plans tailored to the business. The grant will cover 90% of the cost to develop the digital plan, up to $15,000.
To support the implementation of the plan, the SME will be able to apply for a zero-interest loan from the Business Development Bank of Canada (BDC) (up to 7,300 to hire talent through the funded work placement.
Only an owner or a director (listed in the articles of incorporation) can complete the application form. If you are not listed in the articles of incorporation, unfortunately, your application will be rejected automatically. Before applying, your business must meet all of the following eligibility criteria:
Be incorporated federally or provincially, or be a Canadian resident sole proprietor Be a for-profit, privately owned business Have between 1 – 499 full-time equivalent employees Have at least $500,000 of annual revenues in one of the previous three tax years
For more information, check out this link.
Suggested Prompts
How can small businesses effectively choose a Digital Advisor to ensure the digital adoption plan aligns with their goals?
What criteria should businesses use to evaluate whether investing in digital transformation through this program will provide long-term benefits?
In what ways might participation in this program influence a company’s competitive edge in the Canadian marketplace?
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