Technology is crucial for many businesses to maintain a competitive advantage. But technology can also be expensive.
That’s where technology adoption grants come in. The federal government, along with provincial governments across the country, offer a number of attractive funding programs to help businesses acquire IT equipment, build a website, and more. In this comprehensive guide, we cover the best grants, loans, and more for businesses to improve their “tech stack”!
What Can Technology Adoption Grants Be Used For?
Technology adoption grants can be used to pay for many aspects of starting or running a business. Here are some of the uses that are covered by programs in our grants database:
See the section below with a complete list of grants available for Ontario businesses seeking to adopt new technologies.
How Much Grant Money Can I Get to Buy Technology for My Business?
In our database we currently have grants ranging from $2,400 to $4,000,000.
Am I Eligible for a Technology Adoption Grant? Common Eligibility Criteria
Two of the most common questions we get asked at Ontario Business Grants are “Am I eligible?” and “How do I qualify?”.
We analyzed the technology adoption grants in our grants database, and these are the most common qualifications we identified:
Note: these are just the most common eligibility criteria – there are many grants with different requirements.
Technology Adoption Grants for Ontario Businesses: Current Grants Available
In the table below we list the technology adoption grants currently available to Ontario businesses.
To learn more about each program, just click the program name and you’ll be taken to a web page that provides detailed information on the program, including eligibility, the dollar amount of the program, and how to apply for the grant:
Technology Adoption Grants for Ontario Businesses
Other Types of Technology Adoption Funding for Ontario Businesses
Our goal is for this guide to be a complete source of funding information for Ontario businesses seeking to adopt new technologies. So, in this section you’ll find all the other money programs (besides grants) that are available to Ontario entrepreneurs for technology adoption:
Technology Adoption Loans for Ontario Businesses
A loan might not sound as good as a grant, but many technology adoption loans for businesses have a low interest rate. While they might not be free money, if you don’t qualify for a grant, a low-interest loan is probably the next best thing.
The programs below include government loans:
Technology Adoption Government Loans for Ontario Businesses
In-kind support refers to non-cash resources provided to support technology adoption by businesses. In kind-support can take various forms: access to coaching, mentorship, investors, logistical and technical resources (space, equipment, computers, internet and software, free testbed), training programs, business advice and counseling. Entrepreneurship centres, accelerators and incubators provide valuable in-kind support to new and existing entrepreneurs.
Technology Adoption In-Kind Support Programs for Ontario Businesses
|Name of Program
|Toronto Association of Business Improvement Areas (TABIA) – ShopHERE
|NECO Community Futures Development Corporations - Investment Program
|no fixed amount
|In-Kind Support, Investment
Best Technology Adoption Business Grants, Loans & More
While there are lots of good programs available, below we highlight some of the best technology adoption grants, loans & more for businesses:
Best Government Technology Adoption Grants for Ontario Businesses
Agriculture and Agri-Food Canada (AAFC) – Supply Management Processing Investment Fund
The Supply Management Processing Investment Fund (SMPIF) helps processors of supply-managed commodities adapt to market changes resulting from the implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The program provides non-repayable contributions to support investments in dairy, poultry, and egg processing facilities that improve productivity and/or efficiency through the purchase of new automated equipment and technology.
Innovation, Science and Economic Development (ISED) – Canada Digital Adoption Program (CDAP): Grow Your Business Online
The Canada Digital Adoption Program provides businesses with financing, tools and resources to adopt e-commerce platforms and implement digital transformation plans.
The Grow Your Business Online grant will provide micro-grants of up to $2,400 to small businesses to help with the costs related to adopting digital technologies.
Innovation, Science and Economic Development Canada (ISED) – Canada Digital Adoption Program (CDAP): Boost Your Business Technology
The Canada Digital Adoption Program (CDAP), by the Government of Canada, helps small and medium-sized enterprises (SMEs) adopt digital technologies to increase their competitiveness through this program. Eligible businesses will receive a grant to build their digital plan, followed by a 0% loan of up to $100,000 to implement it.
The loan can be used for:
Best Government Technology Adoption Loans for Ontario Businesses
Business Development Bank of Canada (BDC) – Technology Financing
BDC’s Technology financing helps companies invest in the technology they need in order to increase productivity and become more efficient and profitable.
The capital can be used to buy hardware, software or ITC advisory services.
FedNor – Targeted Manufacturing Initiative for Northern Ontario: Productivity Improvements under Regional Economic Growth through Innovation program (REGI)
For manufacturing companies in Northern Ontario with fewer than 500 employees, the Targeted Manufacturing Initiative for Northern Ontario (TMINO) offers funding for creating enhanced, modernized, or more efficient manufacturing capability to increase sales and profitability. This funding will be repayable. Businesses can apply for contributions of up to 33% of the project’s eligible capital costs and up to 50% of the project’s eligible non-capital costs.
Best Non-profit Technology Adoption Grants for Ontario Businesses
AI-Powered Supply Chains Supercluster (SCALE.AI) – Industry-led Projects
Scale AI’s Industry-led Projects provide funding for projects that can accelerate the adoption and commercialization of AI for supply chains.
Blue Sky Economic Growth Corporation (BSEGC) – BTIF Program
BTIF is a FedNor-funded initiative which assists SMEs in the Blue Sky Net region within Northeastern Ontario develop their capacity for business technology and their ability for technology adoption. The BTIF grant helps to alleviate the costs of implementing innovative technology solutions.
Next Generation Manufacturing Canada (NGen) – Cluster Building Projects
The objective of a Cluster Building Project is to support a group of Canadian for-profit SMEs to work together to within an industry-lead membership-based organization to enhance the capabilities and growth of those organizations through the application of, or access to, advanced manufacturing technologies, best practices, global benchmarks, workforce development, enhanced training and/or market expansion.
Northwestern Ontario Innovation Centre (NOIC) – Sustainable New Agri-Food Products & Productivity (SNAPP) Program
The Sustainable New Agri-Food Products & Productivity (SNAPP) Program provides up to $10,000 at 50% cost-share designed to support Northern Ontario agriculture and food producers, businesses, collaborations, and communities to create new products, enhance productivity, and adopt clean technologies. There are three project streams, as follows:
Northwestern Ontario Innovation Centre (NOIC) – BTIF Program
The BTIF Program provides support to Northwestern Ontario businesses for implementing innovative technologies to enhance their websites and social media, their business processes with hardware or software, their human capital development and technology education, their customer relationship management and online service.
Sault Ste. Marie Innovation Centre (SSMIC) – Business Technology Improvement Fund (BTIF)
The Business Technology Improvement Fund (BTIF) assists Algoma district SMEs in digital technology adoption, enhancement and implementation. The key objective of this program is to further accelerate growth of the SME’s business, while making them more modernized and competitive in today’s global digital marketplace.
Toronto Association of Business Improvement Areas (TABIA) – Grow Your Business Online
As part of the Canada Digital Adoption Program, the Government of Canada has partnered with Digital Main Street and their ShopHERE powered by Google program to deliver the Grow Your Business Online grant to small businesses across the country. Eligible businesses will receive a micro-grant of up to $2,400 to help with the costs related to adopting e-commerce and supported by a network of e-commerce advisors.
Toronto Association of Business Improvement Areas (TABIA) – Digital Transformation Grant Program
The Digital Transformation Grant (DTG) program is focused on assisting small businesses with their adoption of technologies. The program provides training, advisory support and grants to brick-and-mortar small businesses looking to increase their capacity through digital transformation.
Best Non-profit Technology Adoption Loans for Ontario Businesses
Community Futures Eastern Ontario – Southern Ontario Fund for Investment in Innovation (SOFII)
The Southern Ontario Fund for Investment in Innovation (SOFII) supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in Southern Ontario rural and urban communities by offering interest-bearing business loans of $150,000 to $500,000 to support all aspects of growth challenges facing them.
Financing is provided for:
Best Technology Adoption In-kind Support Programs for for Ontario Businesses
Have a look at the in-kind support programs below! Some of them provide both in-kind support and funding.
The Innovation Studio at The Creative School (Toronto Metropolitan University) – Future Makers Incubation Grant
The Future Makers Incubation Grant aims to support 8 entrepreneurs, small businesses and/or independent creators in the GTA to explore new possibilities through digital transformation, innovation, and/or the development of new entrepreneurial models within the creative industries.