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 might small businesses leverage the combination of grants and loans to effectively adopt new digital technologies?
What strategies can businesses use to ensure they meet all eligibility criteria before applying for the program?
In what ways could adopting digital technologies impact the growth and competitiveness of small and medium-sized enterprises in Canada?
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Introduction
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Introduction: What is Non Dilutive Funding?
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Introduction: Resources
Loans available in Canada
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Loans Available in Canada: Resources
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Loans Available in Canada: RBCx
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Loans Available in Canada: TIMIA Capital
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Loans Available in Canada: Clear.Co
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Loans Available in Canada: Canada Small Business Financing Program (CSBFP)
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Loans Available in Canada: WeBC - Loans for Young Women Entrepreneurs in British Columbia
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Loans Available in Canada: Other Loans (list)
BDC
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BDC: Introduction
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BDC: Technology Financing
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BDC: Small Business Loan
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BDC: Newcomer Entrepreneur
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BDC: Other Services
Tax Credits
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Tax Credits: Scientific Research and Experimental Development (SR&ED)
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Tax Credits: Interactive Digital Media Tax Credit (IDMTC)
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Tax Credits: Other Tax Credits
Talent
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Talent: Innovate BC
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Talent: MITACs
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Talent: Student Work Placement Program
Grants
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Grants: NRC IRAP
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Grants: ISED
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Grants: Canada Digital Adoption Program
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Grants: CanExport SMEs
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Grants: CanExport Innovation
Other Sources Available in Canada