What is CDAP?
The Canada Digital Adoption Program (CDAP) is offering $4 billion in total funding to help small to medium-sized businesses embrace digital transformation. Successful applicants can access up to $15,000 in a non-repayable grant to retain ALTA Consulting’s assessment and advisory services and offset the costs of planning their transformation journey.
Your business is eligible if it:
Has been incorporated federally or provincially, or the sole proprietor is a Canadian resident
Is a for-profit business that is privately owned
full-time equivalent (FTE) employees
Has a minimum of $500,000 in annual revenues in one of the previous three tax years
How to utilize the grant?
CDAP can fast-track the development of scalable infrastructure and processes for your company.
You can hire a digital advisor such as ALTA Consulting from the list of approved advisors under this program that are able to successfully help SMEs develop a digital adoption plan that outlines the following:
What is next after developing the strategic plan and roadmap?
Like any transformation initiative, planning is just the beginning. You also need to execute throughout your transformation journey. ALTA’s team of growth architects can provide ongoing support to help you modernize and optimize your business technology.
Further financial support
1. BDC Loan
Successful Applicants that have received notification of payment for the grant can also apply for a BDC zero interest loan for up to $100,000. Applicants can use the loan amount to fund the initiatives and purchases of technology services and products highlighted in their Digital Adoption Plan.
2. Youth Placements
Applicants that have received funding confirmation for the grant are eligible to apply for a subsidized youth placement. The youth placement subsidy will be up to $7,300 and will be paid as reimbursement upon production of proof of wage payment.