BDC Advisory Services — Digital Technology

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.

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

Who is eligible?

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.

Who is not eligible

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

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.

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

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.