Boost Your Business Technology grant provides assistance to Canadian-owned small and medium-sized enterprises (SMEs) by offering support to adopt innovative technologies, thereby enhancing their competitiveness and resilience in the market.
Boost Your Business Technology aims to assist businesses in various ways, such as establishing an online presence, enhancing e-commerce capabilities, or digitizing operational processes. These grants are specifically designed to empower Canadian businesses, enabling them to boost their competitiveness in the market.
The Canada Digital Adoption Program (CDAP) can help get your business online, give your e-commerce presence a boost or help digitalize your business's operations. CDAP provides funding and support to businesses , as well as training and work opportunities for young Canadians.
Up to 90% of costs for retaining the services of a digital advisor, to a maximum of $15,000 grant per SME.
Access to a 0% interest loan of up to $100,000 from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology.
Opportunity to hire a youth to support the implementation of a digital adoption plan. Businesses will receive a wage subsidy of up to $7,300 through the funded work placement.
Businesses that meet the eligibility criteria can utilize this grant to cover the expenses of a digital advisor, with a maximum allowance of $15,000. Additionally, they can benefit from an interest-free loan of up to $100,000, which can be used for the acquisition and implementation of new technologies. Prior to submitting an application, it is essential for your business to fulfill all the specified eligibility requirements.
Businesses that meet the eligibility criteria for CDAP's Boost Your Business Technology and have successfully conducted a digital needs assessment are eligible to apply for a wage subsidy, which can amount to a maximum of $7,300. This subsidy is specifically aimed at hiring youth talent to provide support during the process of digital transformation. However, it is important to carefully review the following eligibility criteria for youth hires before finalizing any hiring decisions.
Only an owner or a director (listed in the articles of incorporation) can complete the application form. If you are not listed in the articles of incorporation, unfortunately your application will be rejected automatically.