ISED launched the Canada Digital Adoption Program with two streams; Grow Your Business Online (stream 1) and Boost Your Business Technology (stream 2). Boost Your Business Technology (Stream 2) was created to help eligible Canadian small to medium-sized businesses get expert advice on technology with a grant to support some of the costs associated with working with a digital advisor. The Boost Your Business Technology grant covers up to 90% of an eligible invoice and up to $15,000 in the form of a grant. In addition, after the creation and acceptance of your Digital Adoption plan, businesses can apply for an interest-free loan of up to $100,000 through the BDC to move forward with your digital adoption and a wage subsidy of up to $7,300 to hire a recent graduate or student to help with your digital adoption.

Yes, they must all meet the eligibility criteria and operate separately from one another. You will also need to work with an ‘Approved CDAP’   advisor to prepare a unique digital adoption plan for each one.

Only the business owner can apply for the Boost Your Business Technology grant. Although, as part of the process our recommended CDAP advisor can provide you with an eligibility assessment and aid with the grant application.

You can expect your Digital Adoption Plan to be ready within seven business days after your designated agent has confirmed that they have all the necessary documents to begin creating the plan.

Your digital adoption plan is a comprehensive roadmap to identifying current challenges and opportunities for digital transformation. This roadmap is tailored to your needs, complete with expert recommendations, a cost-benefit analysis of industry-standard tools and platforms

Your current loan with BDC should be fine with your application for CDAP. Although if you currently have an open financing request with the BDC, your application for CDAP may be affected.

Eligible companies may receive a zero-interest loan of up to $100,000 for 12 months of capital postponement + 5 years (total of six years). The amount of annual gross revenue determines the loan amount; please use the below pointers as a guide. – The company reported an annual gross revenue between $500,000 and below $5M is eligible for $25,000 to $50,000 – The company reported an annual gross revenue over $5M is eligible for $25,000 to $100,000

The grant covers 90% (up to $15,000) of costs associated with hiring a digital advisor, and business owners are expected to pay the remainder 10%.