grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|closingDateFebruary 19, 2024
  • grant_single|grantStatusClosed
grant_single|financingType
Loans and Capital investments
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

Obtain a loan of up to $100,000 to help small and medium-sized enterprises adopt digital technologies and enhance their competitiveness.

grant_single_labels|projects

Yes, the grant supports specific activities related to digital plan implementation.
  • Acquiring IT equipment
  • Installation of new technologies
  • Updating and/or expanding IT equipment
  • Training staff on onboarded technologies
  • Materials and support services directly related to onboarding the technology
  • Further advisory services on particular aspects of the digital adoption plan
grant_single|admissibleProjectsExample

$40,000

Developing a mobile app to enhance user engagement and loyalty

$60,000

Deploying an advanced analytics tool to optimize business processes

$32,000

Enhancing e-commerce capabilities through a new digital platform

$45,000

Upgrading IT infrastructure for better cybersecurity and data protection

$35,000

Implementing an advanced customer relationship management (CRM) system to streamline operations

$25,000

Implementing a digital payroll system for better financial management

grant_single_labels|admissibility

The eligibility for the Canada Digital Adoption Program (CDAP) Boost Your Business Technology stream is based on specific conditions regarding signed agreements and completed plans.
  • The applicant must have a valid, signed grant agreement before February 19, 2024.
  • The applicant must have completed their digital adoption plan and be ready to submit their grant claim.
  • If the grant claim is approved, the applicant may apply for the 0% interest loan and/or a wage subsidy to hire an employee.
  • The business must have at least $500,000 in annual income as of the last fiscal year-end if applying for the 0% loan.
  • The business's gross revenues determine the potential loan amount eligibility.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Canada Digital Adoption Program (CDAP) 'Boost Your Business Technology' stream are small and medium-sized enterprises (SMEs) that have already signed a grant agreement prior to February 19, 2024. In particular, those who:- Have a valid grant agreement.- Have completed their digital adoption plan and are ready to submit their grant claim.- Have had their grant claim approved and wish to apply for the BDC 0% interest loan and/or a wage subsidy to hire an employee.Applicants who are new, have an incomplete or unsigned grant agreement, or have an expired grant agreement are considered non-eligible.

grant_eligibility_criteria|eligible_expenses

The CDAP grant assists small and medium-sized enterprises in adopting digital technologies effectively. It is designed to support businesses in various activities related to enhancing digital capabilities.
  • Building a comprehensive digital adoption plan with an approved partner.
  • Acquiring new IT equipment and updating existing technology infrastructure.
  • Installing advanced technologies to improve business operations.
  • Training staff on newly integrated digital technologies.
  • Engaging further advisory services focused on specific aspects of the digital adoption plan.

grant_eligibility_criteria|zone

The grant covers expenses directly related to the implementation of the digital adoption plan.
  • Acquiring IT equipment.
  • Installation of new technologies.
  • Updating and/or expanding IT equipment.
  • Training staff on onboarded technologies.
  • Materials and support services directly related to onboarding the technology.
  • Further advisory services on particular aspects of the digital adoption plan.

grant_single_labels|criteria

  • Businesses must have a signed grant agreement prior to February 19, 2024.
  • The digital adoption plan must be built with an ISED-approved partner.
  • Businesses must submit their digital adoption plan and invoices for approval to receive a grant of up to $15,000.
  • Eligibility to apply for a 0% interest loan of up to $100,000 requires having a digital adoption plan approved by ISED.
  • Loan amounts are dependent on annual gross revenues as of the closing date of the last fiscal year-end, with a minimum requirement of $500,000 annual income:
  • Revenues between $500,000 and below $5M: eligible for a loan between $25,000 and $50,000.
  • Revenues $5M and more: eligible for a loan between $25,000 and $100,000.
  • Loan usage must align with recommendations from the approved digital adoption plan.
  • Applicants must comply with all program deadlines for grant claims and loan applications.
  • Applicants must meet BDC loan terms and credit worthiness requirements.

grant_single_labels|register

Here are the steps to apply for the Canada Digital Adoption Program (CDAP) and submit an application:
  • Step 1: Assess Eligibility
    • Ensure your business has a valid grant agreement signed before February 19, 2024.
    • Confirm that your digital adoption plan is complete.
  • Step 2: Develop Digital Adoption Plan
    • Engage with an ISED-approved digital advisor to create your digital adoption plan.
    • Ensure the plan addresses digital technology strategies relevant to your business needs.
  • Step 3: Submit Digital Adoption Plan
    • Log in to the CDAP portal to submit your completed digital adoption plan and related invoices to ISED.
    • Await approval from ISED for the plan and the grant disbursement.
  • Step 4: Apply for BDC 0% Interest Loan
    • Once your digital adoption plan is approved, log back into the CDAP portal.
    • Access the BDC loan application link provided in the portal.
    • Complete and submit the loan application within 6 months of plan approval.
  • Step 5: Utilize Loan for Implementation
    • Use the loan funds to implement the recommendations from your digital adoption plan.
    • Submit necessary documentation for the expenses covered by the loan.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • A business can opt to only participate in the grant portion of CDAP without accepting the 0% interest loan.
  • A loan decision can impact a business's credit score negatively if declined, as part of the consent during the application process.
  • The 0% loan offer has a term of 5 years with the possibility to postpone principal payments for 12 months, totaling 6 years.
  • A borrowing group is limited to a maximum loan of $200,000 when applying for multiple businesses.
  • Companies that do not meet BDC’s creditworthiness criteria may still be declined for a loan even if they pass program eligibility.
  • You have 6 months post-approval of your digital adoption plan to apply for the BDC loan.

grant_single_labels|documents

BDC — Canada Digital Adoption Program (CDAP) Loan

grant_single_labels|contact

digitaladoption-adoptionnumerique@ised-isde.gc.ca
1-800-328-6189

Apply to this program