Boost Your Business with CDAP

Exploring Funding Options for Canadian Businesses

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Are you an entrepreneur looking to boost your online presence or adopt new digital technologies? The Canada Digital Adoption Program (CDAP) may be able to support you in reaching your digital maturity goals.

CDAP was created to close the digitalization gap between Canadian businesses and their global competitors. Two funding streams are available: Grow Your Business Online and Boost Your Business Technology.

Grow Your Business Online is designed for smaller customer-facing businesses looking to enhance their online presence and e-commerce capabilities. The program offers microgrants of up to $2,400 and access to an e-commerce advisor.

Boost Your Business Technology is for medium-sized businesses with revenue over $500K annually. This stream offers grants with a maximum value of $15,000 for advisory services to develop a digital adoption plan. Additionally, businesses can apply for a 0% interest loan from the Business Development Bank of Canada (BDC) up to $100,000 to implement the plan. The program also includes a funded work placement component of $7,300 to hire a student or recent graduate to help implement the plan.

The Boost Your Business Technology application process is straightforward and fast, taking only about ten minutes to complete. Once accepted, businesses have access to the digital advisor marketplace to connect with an advisor who can help develop the digital adoption plan. The plan is tailored to your goals and strategies, and the grant covers up to 90% of the plan's cost.

Investing in digital technology can be a game-changer for businesses. The CDAP program offers a unique opportunity for Canadian entrepreneurs to access funding and support for their businesses to help them grow and stay competitive. So, if you're looking to boost your online presence or adopt new digital technologies, check out CDAP and explore the funding options available to you.