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BDC Advisory Services — Digital Technology
Canada
Advice on digitizing your business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 9, 2024
- grant_single|closingDateJuly 9, 2025
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get guidance on implementing the right technologies based on your unique requirements and objectives through extensive market and trend intelligence, analysis methods, and selection tools.
grant_single_labels|terms_and_conditions
This grant offers financial support for businesses seeking to adopt digital technology solutions through BDC advisory services. However, specific financing modalities are not detailed in the provided information.
grant_single_labels|projects
This grant offers support for businesses looking to embrace digital technologies and improve various operational aspects. Eligible activities include developing a digital strategy, selecting systems and vendors, and obtaining objective advice for technology adoption.
- Development of a digital strategy to meet strategic goals.
- Selection of appropriate systems and vendors with expert guidance.
- Receiving impartial advice for the implementation of technologies such as ERPs and CRMs.
- Using market intelligence and tools for confident technology adoption.
- Coaching and support throughout the change management process.
- Financing options to help cover the cost of advisory services.
grant_single|admissibleProjectsExample
$ 45,000
Adding new digital inventory management tools to boost supply chain efficiency
$ 40,000
Develop an integrated CRM system to improve client management for NPO
$ 50,000
Integrating a comprehensive digital client service platform to enhance customer experience
$ 30,000
Upgrade to advanced financial analytics software and staff training
$ 25,000
Implementing new digital marketing tools and training for small business growth
$ 50,000
Implementing an advanced ERP system to streamline operations
grant_single_labels|admissibility
Eligibility criteria for this grant:
- Must be a Canadian business
- Must have a clear digital strategy or goals
- Open to businesses of all sizes and sectors
- Consult with BDC to determine specific eligibility requirements
grant_eligibility_criteria|who_can_apply
This grant is designed for businesses that are looking to integrate digital technology into their operations to enhance their leadership, management, and operational capabilities. Companies seeking to develop a digital strategy, implement digital technologies or improve their digital business practices could be eligible to apply. This typically includes small and medium-sized enterprises (SMEs) across various industries that aim to improve their competitiveness, efficiency, and market reach through digital transformation.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that may not be eligible for this grant. Some exclusions may include:
- Non-profit organizations
- Government entities
- Businesses involved in illegal activities
- Companies with outstanding tax liabilities
grant_eligibility_criteria|eligible_expenses
Eligible activities for this grant focus on advancing business capabilities through the strategic use of digital technologies and enhancing various management facets. The projects aim to enhance productivity, sales, and operational efficiency through tailored digital solutions and expert guidance.
- Development of a comprehensive digital strategy to align with business goals.
- Selection and implementation of appropriate systems and technology vendors.
- Receiving expert, impartial advice for the adoption of digital solutions like ERPs, CRMs, and Industry 4.0 technologies.
- Utilization of structured approaches to mitigate risk and reduce costs in technology adoption.
- Access to powerful selection tools and market intelligence to confidently adopt new technologies.
- Coaching and support aimed at facilitating change management and integrating new technologies.
grant_single_labels|criteria
Here is a summary of the evaluation and selection criteria for this grant:
- Alignment with digital strategy goals
- Demonstrated need for digital technology implementation
- Feasibility and sustainability of proposed project
- Business impact and potential for growth
- Commitment to change management and adoption
grant_single_labels|register
Step 1: Preliminary Consultation
- Contact a BDC representative to discuss your business needs and objectives regarding digitization.
- Evaluate your current digital capacity and identify areas for improvement.
- Explore available financing options to cover advisory service costs.
- Work with BDC experts to create a tailored digital strategy that aligns with your business goals.
- Participate in workshops or meetings to refine the strategy and decide on key projects and investments.
- Compile necessary documentation, such as business plans, financial statements, and project outlines.
- Draft a detailed roadmap of the digital projects and its implementation timeline.
- Fill out the application form provided by BDC or through their official portal.
- Attach all required supporting documents and the detailed digital strategy roadmap.
- Review the application for completeness and accuracy before submission.
- Receive confirmation of application receipt from BDC.
- Await feedback or request for additional information from the BDC review team if necessary.
- Upon approval, begin implementation of digital solutions with BDC guidance and support.
- Participate in ongoing coaching and change management processes facilitated by BDC specialists.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Expert guidance is available for developing a digital strategy tailored to specific business needs.
- Access to market and trend intelligence to make informed technology adoption decisions.
- Continuous support including change management coaching to facilitate technology implementation.
- Potential to leverage best practices from BDC's experienced consultants for successful technology integration.
