Access $15,000 in Government Funding for Your Technology Capabilities
Find out how the Canada Digital Adoption Program (CDAP) can transform your business through funding new digital technologies.
Let's TalkThe Canada Digital Adoption Program (CDAP) is an initiative by the Canadian government aimed at helping small and medium-sized enterprises (SMEs) adopt digital technologies to improve their competitiveness and productivity. Here are some of the opportunities currently available:
- up to $15,000 to develop a Digital Adoption Plan
- up to $100,000 in 0% interest loan from the Business Development Bank of Canada (BDC) to implement your plan
- up to $2400 to set up e-commerce capabilities or improve your existing platform
You can get funding through this grant if your business:
- is Canadian-owned
- is a sole proprietor or a business incorporated under the laws of Canada or a province or territory
- is a for-profit
- has 1 to 499 employees
- has had at least $500,000 in annual revenue (but no more than $100M in 1 of the previous 3 tax years)
The process of this program will depend on which digital technologies your business decides to undertake. Your digital advisor will walk you through the steps, helping you build a plan, apply for the grants/loan and assist in the execution of your digital upgrades.
- With your digital advisor, create a Digital Plan for your business
- With your digital advisor, create a Digital Plan for your business
- Apply for the $100K loan (optional)
- Work on digital upgrades begins
- Grant payments are made from claims for reimbursement of eligible costs
HYPERWEB CAN HELP
Grants and interest-free loans are great, but useless unless you know how to access them and what to do with the funds, once you have them.You’re probably going to need some help. As your CDAP consultant, we can advise and support you through the entire process. Let us help you build your digital plan and discover the best way to access and utilize these opportunities.
1.
Application assistance
We’ll evaluate your application and help improve it to improve your prospects for approval.2.
Evaluate your digital needs
We’ll review your business and your current technology to determine where you need to grow.3.
Provide a comprehensive strategy for digital adoption
We’ll provide a step-by-step strategy for digital adoption – what you need to do, what tools you’ll need, how long it will take and help you allocate your budget.4.
Assist you with the execution of your plan
Once you’re ready to go, we’ll spearhead the execution of your digital transformation. In other words, we’ll make sure the work gets done.Got more questions? We have answers.
Who Qualifies for CDAP funding?
To be eligible for CDAP funding under this category, businesses must:
- Be an SME Operating in Canada: The program specifically targets small and medium-sized enterprises based in Canada.
- Have a Plan for Digital Adoption: Businesses must present a clear and feasible plan for digital transformation, indicating how the loan will be used to support this plan.
- Demonstrate Financial Prudence: There needs to be evidence of sound financial management within the business, showcasing the ability to responsibly handle loan funds.
- To learn more about who qualifies for CDAP funding, click here.
Why should I apply for CDAP?
Impact on your business:
- Enhanced Digital Presence: With expert advice, your business can enhance its online visibility and effectiveness.
- Improved Operational Efficiency: By adopting the right digital tools, your business can streamline operations, reduce costs, and increase productivity.
- Data-Driven Decision Making: The shift towards data analytics can empower your business to make more informed decisions.
- Competitive Edge: In the digital era, staying ahead often means staying updated. CDAP’s Assessment and Advisory Services ensure your business is not left behind.
- To learn more about why you should apply for CDAP funding, click here.
Why do I need a CDAP consultant?
Services offered:
- Digital Readiness Assessment: This is the first step where expert consultants evaluate your current digital setup. They assess various aspects like your IT infrastructure, digital marketing strategies, e-commerce presence, and data management systems.
- Tailored Advisory Services: Based on the assessment, you receive bespoke advice. This could range from simple improvements like updating your website to more complex strategies like integrating advanced data analytics.
- Actionable Recommendations: The advice is not just theoretical; it’s practical. Consultants provide actionable steps that you can take to improve your digital presence.
- Roadmap Development: One of the key outputs is a detailed digital adoption roadmap. This document outlines the steps your business should take, the technologies to invest in, and the timeline for implementation.
- Continuous Support and Follow-up: Qualifying for CDAP funding also means you get ongoing support. This ensures that the advice given is not just implemented but also adapted as your business evolves.
- To learn more about why you hire us as your CDAP consultant, click here.
How do I apply?
The CDAP portal can be found here. Contact us for assistance with your application. As your CDAP consultant, we can help you navigate the process, assist you with your proposed digital plan and strengthen your application.
