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 09, 2024
- grant_single|closingDateJuly 09, 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|projects
grant_single|admissibleProjectsExample
$45,000
Adding new digital inventory management tools to boost supply chain efficiency
$50,000
Integrating a comprehensive digital client service platform to enhance customer experience
$40,000
Develop an integrated CRM system to improve client management for NPO
$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_eligibility_criteria|zone
The grant covers expenses related to the digital technology implementation and advisory services for business growth and efficiency.
- Consulting fees for digital strategy development and vendor selection.
- Costs related to the implementation of digital technologies such as ERPs, CRMs, and Industry 4.0 solutions.
- Expenses for coaching and change management support.
- Advisory service costs for developing a digital roadmap.
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.
Apply to this program
Empower Your Business with Digital Transformation Grant
This grant is designed to support businesses in their journey to digitalize their operations through financial aid and expert advisory services. It aims to enhance operational efficiency, drive growth, and increase competitiveness by leveraging cutting-edge digital technologies.
Enhance Your Business Strategy with Targeted Assistance
The Digital Transformation Grant offers a comprehensive solution to businesses aiming to integrate digital technologies strategically. It focuses not just on the adoption of technology but on aligning it with broader business objectives such as enhancing leadership, streamlining operations, and boosting financial management. By participating in this grant program, businesses can access resources to develop a tailor-made digital strategy that paves the way for achieving long-term growth.
One of the significant components of this grant is the focus on business strategy. Companies are provided with expert guidance to not only adopt the right digital tools but also integrate them in a way that complements their business strategy. This aligns with a structured approach to risk management, reduces technology adoption costs, and speeds up implementation, ensuring that businesses remain agile in a rapidly evolving digital landscape.
Leadership and management are also crucial areas of focus, as BDC's advisory services guide leadership teams to understand how digital transformation can impact business models, customer engagement, and market positioning. This holistic view encourages a culture of innovation and fosters the development of leadership skills required for navigating the complexities of digital economies.
The grant supports businesses in selecting the right systems and vendors, crucial for effective digital integration. With expert advice, businesses can identify their requirements, evaluate potential solutions, and choose vendors that provide the best return on investment. This process is backed by in-depth market intelligence and analysis tools, offering businesses the confidence to invest in technologies such as ERPs, CRMs, and industry-specific solutions tailored to their needs.
Moreover, this grant addresses operational efficiency by helping businesses identify and resolve production issues through enhanced digital capabilities. By implementing systems that provide real-time data and analytics, businesses can improve decision-making processes and operational workflows, ultimately leading to improved productivity and profitability.
The emphasis on e-commerce in the program underlines the importance of developing an online presence as a critical growth driver. Businesses receive coaching and support to build and maintain a robust digital storefront, which is essential in capturing evolving customer demand patterns and extending market reach.
Finally, the grant program acknowledges the pivotal role of human resource management in digital transformation. The right strategies for change management are supported, allowing for seamless integration of technology into company culture and workflows. This ensures that teams are not only equipped with the necessary tools but are also prepared to embrace and adapt to technological advancements.
In collaboration with BDC, this grant advances the ability of businesses to innovate, transform, and compete in current and future markets. Participating companies can effectively harness the power of digital technology, driving sustainable growth and enhancing their market position in Canada’s dynamic economy.
