The BDC is offering 0% interest rate loans to small business owners in Canada for an amount of up to $100,000 and a grant of up to $15000 to grow your business online. There is no doubt about it, businesses need an online presence to flourish in this digital age. With this excellent The Canada Digital Adoption Program (CDAP),the BDC aims at giving every Canadian small business a chance to create a digital presence of their own.
In this blog, we discuss the eligibility, cost covered and how to apply for CDAP.
The program includes two grants:
- Grow your business online
- Boost your business technology grant
What You Get
Boost Your Business Technology
- Get up to $15,000 in funding to plan.
- Get up to $7,300 to hire skilled youth to implement the technologies.
- Get up to $100,000 on 0%.
Grow Your Business Online
- Get up to $2,400 in funding to set up e-commerce.
- This helps in accessing a network of over 11 thousand e-commerce advisors.
CDAP Eligibility Criteria
- Be a for-profit business
- Be registered or an incorporated business
- Be a consumer-facing business
- The business has at least one employee on a payroll.
- Commit to maintaining a digital adoption strategy for 6 months after participating in the program
Agree to participate in follow-up surveys.
Still unsure about your eligibility?
Canada Digital Adoption Program— Grant assessment tool
The BDC have made a tool for you, head on and answer a few basic questions about your business to know which grant you’re eligible for.
How to Apply?
Boost Your Business Technology
- Register on Innovation, Science and Economic Development Canada’s (ISED) website.
- Create your digital plan with the help of an ISED-approved partner.
- Submit your plan and invoices to ISED for approval.
- Once your plan is approved, login to the CDAP portal on ISED’s site to gain access to the link to apply for the grant.
Grow Your Business Online
- Read the eligibility criteria and make sure you meet the requirements.
- Get in touch with your local service provider.
- Apply for the grant.
