$15,000 GRANT PLUS UP TO $100,000 INTEREST FREE LOAN FOR YOUR BUSINESS
GOVERNMENT OF CANADA DIGITAL ADOPTION PROGRAM (CDAP)
What is the CDAP - Boost Your Business Technology?
ISED launched the Canada Digital Adoption Program with two streams; Grow Your Business Online (stream 1) and Boost Your Business Technology (stream 2). Boost Your Business Technology (Stream 2) was created to help eligible Canadian small to medium-sized businesses get expert advice on technology with a grant to support some of the costs associated with working with a digital advisor. The Boost Your Business Technology grant covers up to 90% of an eligible invoice and up to $15,000 in the form of a grant. In addition, after the creation and acceptance of your Digital Adoption plan, businesses can apply for an interest-free loan of up to $100,000 through the BDC to move forward with your digital adoption and a wage subsidy of up to $7,300 to hire a recent graduate or student to help with your digital adoption.
CAN I APPLY MORE THAN ONE OF MY BUSINESSES for the Boost Your Business Technology?
Yes, they must all meet the eligibility criteria and operate separately from one another. You will also need to work with an advisor to prepare a unique digital adoption plan for each one.
Can I choose any company that offers digital services to work with on the CDAP?
The Canada Digital Adoption Program has a list of registered digital advisors. Head to the Digital Advisor Marketplace to find approved CDAP advisors, including Buzz Marketing Group.
Can Buzz Marketing Group apply for CDAP funding on my behalf?
Only the business owner can apply for the Boost Your Business Technology grant. Although, as part of the BIMG process, we can provide CDAP eligibility assessment and aid with the grant application, it will not be part of our service fees but as part of our customer service.
WHEN WILL MY DIGITAL ADOPTION PLAN BE READY?
You can expect your Digital Adoption Plan to be ready within seven business days after your designated agent has confirmed that they have all the necessary documents to begin creating the plan.
What can I expect from my digital adoption plan?
Your digital adoption plan is a comprehensive roadmap to identifying current challenges and opportunities for digital transformation. This roadmap is tailored to your needs, complete with expert recommendations, a cost-benefit analysis of industry-standard tools and platforms
I ALREADY HAVE A LOAN WITH THE BDC, AM I STILL ELIGIBLE FOR CDAP?
Your current loan with BDC should be fine with your application for CDAP. Although if you currently have an open financing request with the BDC, your application for CDAP may be affected.
WHAT ARE THE LOAN TERMS AND AMOUNTS?
Eligible companies may receive a zero-interest loan of up to $100,000 for 12 months of capital postponement + 5 years (total of six years). The amount of annual gross revenue determines the loan amount; please use the below pointers as a guide.
- The company reported an annual gross revenue between $500,000 and below $5M is eligible for $25,000 to $50,000
- The company reported an annual gross revenue over $5M is eligible for $25,000 to $100,000
Can I also apply for the funded work placement program under CDAP?
The funded work placement program provides a wage subsidy of up to $7,300 for hiring a student or recent graduate as part of your digital transformation and adoption initiatives. The funded work placement subsidy falls under the Boost Your Business Technology CDAP track, so you must maintain the same eligibility criteria to access funding.
We recommend applying for this subsidy once you are ready to implement your digital adoption strategy since the $15,000 funding already provides expert advisory services.
Does the grant cover your entire fee?
The grant covers 90% (up to $15,000) of costs associated with hiring a digital advisor, and business owners are expected to pay the remainder 10%.
Up to $100K
Loan Amount
0%
Interest Rate
6 Years*
Term
The loan has a 5-year term with a 12-month capital postponement
What is CDAP?
The Canada Digital Adoption Program (CDAP), by the Government of Canada, helps small and medium-sized enterprises (SMEs) adopt digital technologies to increase their competitiveness.
Through the Boost Your Business Technology grant, successful applicants can access up to $15,000 to retain a Digital advisor and offset the costs of planning their transformation journey, followed by a 0% loan of up to $100,000 to implement it.
Be incorporated federally or provincially, or be a Canadian resident sole proprietor
Be a for-profit, privately owned business
Have between 1 – 499 full time equivalent employees
Have at least $500,000 of annual revenues in one of the previous three tax years
How Buzz Marketing Group Can Help You
1.
Find out whether your business meets the criteria
2.
Assistance with Grant Application
3.
Evaluate and Create Digital Roadmaps
Frequently Asked Questions
647-360-5762
THE GOVERNMENT OF CANADA IS OFFERING $15,000 GRANTS FOR COMPANIES PURCHASING OR UPGRADING THEIR DIGITAL AND/OR PHYSICAL TECHNOLOGY
PLUS 0% INTEREST FREE LOANS OF UP TO $100,000.
CANADA DIGITAL ADOPTION PROGRAM (CDAP)
Call: 647-360-5762
CANADA DIGITAL ADOPTION PROGRAM (CDAP)
*TO QUALIFY, Your Business Must Have Generated A MINIMUM Of $500,000 Within 1 Of The Last 3 Years
*TO QUALIFY, Your Business Must Have Generated A Minimum Of $500,000 Within, At Least, 1 Of The Last 3 Years
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*TO QUALIFY, Your Business Must Have Generated A MINIMUM Of $500,000 Within 1 Of The Last 3 Years
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Buzz Marketing Group Is A Certified Digital Advisor By ISED
Disclaimer: Although pre-selected by the Government of Canada/ISED, Buzz Marketing Group is not an agent, partner, or employee of the Government of Canada.
CANADA DIGITAL ADOPTION PROGRAM (CDAP)
WE ARE YOUR DIGITAL ADVISORS
Your Business MUST BE Canadian-Owned
Your Business MUST BE for-profit
Your Business Must HAVE At Least 1 Employee
Your Business' Revenue MUST HAVE Been $500,000 in at least 1 of the last 3 years
CDAP ELIGIBILITY
GOVERNMENT
(GRANTS & LOANS)
Offering up to a $15,000 Grant.
Offering a $7300 Wage Subsidy.
Offering up to a $100,000 Loan at 0% Interest.
(Plus Don't Pay For 6 Years)
GOVERNMENT
(GRANTS & LOANS)
Offering up to a $15,000 Grant
Offering a $7300 Wage Subsidy
Offering Up to A $100,000 Loan at 0% Interest
(Plus Don't Pay For 6 Years)