Government of Canada, Innovation, Science and Economic Development – Canada Digital Adoption Program: Boost Your Business Technology

Description:

The Canada Digital Adoption Program provides businesses with financing, tools and resources to adopt e-commerce platforms and implement digital transformation plans.
The Boost Your Business Technology grant offers support to Canadian-owned small and medium sized enterprises (SMEs) who want to adopt new digital technologies. 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.

Comments on Funding:

Funding is a grant that 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 $100,000) as well as a wage subsidy up to $7,300 for a youth placement.

Eligibility:

Applicants must attest and certify that they meet all of the following eligibility criteria:

  • Be a sole proprietor whose owner is a Canadian resident OR a business incorporated under the laws of Canada or a province or territory;
  • Be a for-profit business;
  • Have between 1 – 499 full time equivalent employees;
  • Have at least $500,000 of annual revenues but not more than $100,000,000 in one of the previous three tax years from the date of submitting a grant application;
  • Be a privately owned business;
  • Be a Canadian-controlled Private Corporation (CCPC) as defined by the Canada Revenue Agency (applicable if the business is incorporated under the laws of Canada or a province or territory);
  • Be a business that respects human rights codes, labour, environment and anti-corruption standards, as well as engages exclusively in legal activities.

The following are considered ineligible:

  • A business that has a class of shares publicly traded on a stock exchange (in Canada or outside).
  • A majority or wholly owned subsidiary or branch or sales office of a multinational corporation (MNC).
  • A business whose revenue model is designed to be economically dependent on non-commercial sources such as direct government funding or private donations.
  • A government organization or body (other than an Indigenous entity or body) or an entity in which a government organization or body (other than indigenous entity or band) owns equity interests.
  • A not-for-profit entity such as a union, charitable, religious or fraternal organization or business owned by such organizations, nor a business that exists as a fundraising vehicle for charities.
  • A business in which equity interests are held by any current member of the Parliament of Canada or any current member of the Senate of Canada other than a business whose equity interests are publicly traded.
  • A business that promotes violence, incites hatred or discriminates on the basis of race, national or ethnic origin, color, religion, sex, age or mental or physical disability nor does it trade with countries proscribed by the government of Canada.
  • A business that directly or indirectly promotes sexual exploitation or disseminates media content that is sexually explicit.
  • A business that has been determined to have pled guilty to or been convicted of tax evasion or a criminal offence.

Applicants may only submit one grant application form per company.

Application Steps:

Applicants:

6

enter in a contractual agreement with the Digital Advisor to deliver a Digital Adoption Plan in accordance with the program’s requirements identified in the CDAP digital adoption plan guide.

certifiacte-icon

Guaranteed Government Grants

Get a FREE 45-page guide with proven steps to business grants success:

    We respect your privacy. Unsubscribe at anytime.

    Although pre-selected by ISED, Digital Advisors are not agents, partners, or employees of ISED. ISED does not warrant the quality of the services provided by such Advisors and is not responsible for any losses or damages, which may result from using the services of an Advisor. Any disputes must be resolved between the applicant and the Digital Advisor.
    The applicant is entirely responsible for ensuring full payment of invoices for services rendered by any Digital Advisor.

    Documentation Needed:

    Applicants must:

    1. submit their completed application including the following information: Username, User email address, Business Number, Legal name of business, Operating name of business, Canadian address of the applicant business.
    2. complete the free Digital Needs Assessment (DNA) survey as part of the application process.
    3. attest to meeting all of the eligibility criteria identified in section 1.2.
    4. submit a Digital Adoption Plan and invoice from a listed advisor in order to receive a Boost Your Business Technology grant.

    Other Things to Note:

    Contradictory information on the website:

    1. Stream 2: Boost your Business Technology is not yet open for applications but be the first to know by subscribing for updates.
    2. Digital Advisors that SMEs can hire to develop a digital transformation plan for their business — Now open for applications! The apply tab is not yet active.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *