The Canada Digital Adoption Program (CDAP) has been established to help small and medium-sized enterprises (SMEs) realize their full potential by adopting digital technologies. Announced in Budget 2021, the $4 billion program is an investment of $1.4 billion in grants and advisory services to SMEs from the Government of Canada and up to $2.6 billion in loans from the Business Development Bank of Canada to help businesses cover the costs of implementing new digital technologies.
CDAP grants are available to eligible, small-to-medium sized, Canadian businesses. Eligible businesses must work with a Digital Advisor to make a digital adoption plan which would be submitted to the CDAP program for approval. Once the plan is approved, businesses can take advantage of a loan from BDC bank of up to $100,000 at 0% interest for 6 years.
- Reduce overhead costs
- Speed up transactions
- Respond to clients more quickly
- Manage inventory more efficiently
- Improve supply chain logistics
In Budget 2021, the Government of Canada announced the $4 billion Canada Digital Adoption Program (CDAP) to help get your business online, give your e-commerce presence a boost or help digitize your business’s operations.
The Government of Canada will reimburse your company up to $15,000. Once your digital adoption plan → submit your invoices to get your grant payment.
Canadian business. It allows your business to recover 90% of the cost for an approved digital advisor prepared adoption plan (up to $15,000) through a GRANT. Additionally, businesses with a digital adoption plan are qualified for a $100,000 INTEREST-FREE loan payable over six years to help with the execution of the project.
The program is first-come, first-serve, so our advice is that the sooner, the better. Approved applications have nine months to claim their grant.
Your journey to securing CDAP starts with a call! We will understand your business, ask questions to confirm your eligibility, and share the next steps.
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