Type of Program:
The Stream 2: Boost your Business Technology will offer support to small and medium Canadian-owned businesses (SMEs) to adopt new technologies. Support for these businesses 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.
When It Ends:
Other Things to Note:
Contradictory information on the website:
- 1Stream 2: Boost your Business Technology is not yet open for applications but be the first to know by subscribing for updates.
- 2Digital 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.