In the ever-evolving landscape of business, digital transformation is not just a buzzword. It’s a necessity for staying competitive and resilient. The Canada Digital Adoption Program (CDAP) emerges as a beacon of support, offering two impactful grants designed to empower businesses in Moncton, New Brunswick, and across Canada to harness the power of technology for growth and sustainability.
Boost Your Business Technology Grant
The Boost Your Business Technology grant under CDAP is a comprehensive initiative aimed at providing businesses with the necessary resources to thrive in the digital age. Here’s how it can elevate your business:
Digital Adoption Plan Development:
Receive up to $15,000 to develop a robust Digital Adoption Plan tailored to your business needs.
0% Interest Loan from BDC:
Access up to $100,000 in a 0% interest loan from the Business Development Bank of Canada (BDC) to implement your digital plan.
Youth Employment Support:
Acquire up to $7,300 to hire a skilled youth who will implement the technologies outlined in your Digital Adoption Plan.
How to Get Started
Confirm Eligibility:
- Utilize the CDAP grant assessment tool to determine if your business qualifies.
- Eligibility criteria, including Canadian ownership, for-profit status, and employee count, can be found in the program guide.
Apply in 4 Easy Steps:
- Create your CDAP account through the My Canada Business Account.
- Confirm eligibility.
- Collaborate with a digital advisor to formulate your Digital Adoption Plan.
- Submit your claim to receive the grant payment.
Eligibility Verification:
Verify your business eligibility in real-time using your Canada Revenue Agency (CRA) My Business credentials.
- After finalizing your Digital Adoption Plan, upload it to the CDAP Applicant Portal along with the necessary documentation.
- Review and confirm the information meets CDAP’s requirements.
- Receive the grant payment within 30 days of claim submission.
Navigating the Process
- Choose from three options: email address, GCKey Sign In, or Interac Sign In.
- Verify your email and identity through online methods or in-person visits.
- Use My Business Account credentials to confirm eligibility.
- Provide consent for the use of your business information for verification.
- Provide relevant business information.
- Sign the CDAP grant agreement, furnish banking details, and access the Digital Advisor Marketplace.
Working with a Digital Advisor to Create a Digital Adoption Plan (DAP)
Upon signing the CDAP grant agreement, businesses gain direct access to a marketplace of digital advisors dedicated to helping develop a tailored Digital Adoption Plan (DAP). Here’s how the process unfolds:
Explore the Marketplace:
Browse the Digital Advisor Marketplace or choose a preferred digital advisor from the list.
Engage with Your Digital Advisor:
Contact, interview, and hire the digital advisor that aligns with your business needs.
Develop Your DAP:
Collaborate with the digital advisor to create a comprehensive Digital Adoption Plan.
Finalize and Invoice:
Finalize the elements of your plan and receive an invoice from your digital advisor for completed work.
In essence, the Canada Digital Adoption Program is not just a grant initiative; it’s a transformative journey towards a digitally empowered and sustainable business future. Expert Web & Digital Agency proudly supports businesses in Moncton, New Brunswick, and beyond in navigating this transformative path, unlocking the full potential of digital innovation for growth and success.
