CDAP - Boost Your Business Technology Grant: A Path to Digital Transformation
Update: Unfortunately, due to overwhelming demand, CDAP's Boost Your Business Technology program
has been closed for new applicants as of February 2024.
With over 21,000 applications flooding in from various industries, the grant is nearing depletion. Gerber Media can still help you create a digital roadmap for your business to Boost Your Business Technology.
Contact Gerber Media today to explore how we can navigate this digital landscape together and tailor your digital business needs.
Are you a Canadian-owned for-profit business with at least $500,000 in annual revenue in one of the last three years and between 1 to 499 staff?
If so, you may be eligible for the CDAP (Canada Digital Adoption Program) - Boost Your Business Technology grant. This incredible opportunity, offered by the government of Canada, provides financial support to help businesses develop a digital roadmap and achieve their goals faster. As an approved advisor under CDAP, we are excited to share this fantastic opportunity that could be a game-changer for your business. We will walk you through the details of this grant and how it can benefit your business.
Understanding the CDAP Opportunity
The grant is designed to help small and medium-sized businesses assess their current technology and create a plan for their future technology stack. The grant provides up to $15,000 to hire a digital advisor to assess your use of technology, identify your business needs, and write your digital adoption plan. You will work together to tailor your plan and have a list of action items that will help you secure more funds from the program.
What Does the CDAP Program Offer?
The CDAP program offers a grant of up to $15,000, covering 90% of the costs, to develop a Digital Adoption Plan. This plan is a tailored roadmap crafted to suit your business needs and goals.
The Digital Adoption Plan
The Digital Adoption Plan involves a comprehensive analysis of your business's current state, including a business overview, current process findings, and an IT assessment. It also includes digital adoption analysis and recommendations, such as tailored technology recommendations, an implementation roadmap, and estimated ongoing costs for the first year.
Eligibility Criteria
To be eligible for the Boost Your Business Technology grant, your business must meet the following requirements:
Canadian-owned for-profit business
Revenue of at least $500,000 in one of the last three years (but no more than $100 million)
Staff count between 1 and 499
The CDAP Process
1. Apply
Initiate the process by applying for the grant. This sets the stage for unlocking the potential of your business's technology.
2. Select
Upon approval, select a Digital Advisor. We, at Gerber Media, are a certified digital advisor ready to assist you in this transformative journey.
3. Create
Collaborate with us to create a tailored Digital Adoption Plan. This involves assessing your current technology, identifying business needs, and formulating a plan for future technology adoption.
4. Submit
The digital Advisor will submit your plan and invoice to CDAP. This step ensures a smooth transition to the next phases.
5. Approval
CDAP reviews and approves your plan, paving the way for the next exciting steps in your business's digital transformation.
6. Funding
Receive the grant funds, unlocking the potential for up to $100,000 to implement your Digital Adoption Plan. This is a BDC interest-free loan for up to 6 years.
Additional Opportunities
BDC 0% Interest Loan
Following your CDAP submission, your business may be eligible for up to $100,000 in a 6-year interest-free loan from BDC to put your plan into action.
Wage Subsidy
Qualify for a $7,300 wage subsidy to hire a student or recent graduate as part of a digital transformation or adoption initiative.
Examples of Action Items
To give you a glimpse of what's possible under this program, here are some action items:
Improve Digital Marketing Tactics: Reach new customers online and enhance your online presence.
Investing in CRM: Improve communications and sales with existing customers.
eCommerce Expansion: Venture into online shopping to broaden your market reach.
Online Payments Platforms: Streamline transaction processes with secure online payment platforms.
Automation Platforms: Respond to clients more efficiently with automation platforms.
Ready to Transform Your Business?
By working with a certified digital advisor like us, you can develop a tailored Digital Adoption Plan that aligns with your business goals and maximizes the impact of technology in your organization. The grant funds, along with the optional BDC loan and wage subsidy, provide the financial support needed to execute your plan successfully. Start your journey for CDAP with us and empower your business. Apply for the CDAP - Boost Your Business Technology grant today!
