Canada Digital Adoption Plan
Access up to $15,000 in government funding to boost your business technology
Your digital transformation journey begins here!
Choose Convverge as your Digital Advisor and access up to $15,000 grant to develop your digital strategy
The Canada Digital Adoption Program (CDAP) is offering $4 billion in funding to help small to medium-sized businesses modernize through digital transformation. The Boost Your Business Technology grant allows successful applicants to access up to $15,000 to retain a Convverge Digital Advisor to develop a digital adoption plan. After submission and approval of the plan, applicants can access up to $100k, 0% interest loan from the BDC (Business Development Bank of Canada) to be used towards the implementation of the plan.
Convverge will work with you every step of the way, starting at the application process and through to the delivery and support of your digital transformation solutions outlined in the Canadian Digital Adoption Program plan.
Create a digital transformation plan
Convert paper-based bookkeeping to cloud based
Develop an online marketing campaign
Conduct search engine optimization
Automate business processes
Hire digital experts to help your business
Upgrade and develop your website
Develop real-time analytics dashboard
See if you qualify now!
What's included in your plan?
This is a high-level summary of the key elements of the plan, detailing how adopting new technologies will help your business grow.
Ready to put your plan into motion?
Convverge will work with you to deliver the solutions mapped out in your digital adoption plan, whether it's a digital dashboard, employee portal, or process automation - our digital advisors are experts at providing innovative solutions across Canada.
Need funding? The BDC will offer up to $100,000 as a non-interest loan to fund your project.
Questions about getting started? Drop us a line to find out more!
Our team of digital advisors are standing by
Everything you need to know about the Canada Digital Adoption Program
Who can apply?
Applications can only be submitted by a small business that meets all of the following criteria:
- Is a for-profit business (including for-profit social enterprises and co-operatives)
- Is a registered or incorporated business
- Is a consumer-facing business
- Can be accessed by consumers or provides in-person services to consumers
- Has at least one employee
- Must commit to maintaining digital adoption strategy for six months after participation in the program
- Must consent to participating in follow-up surveys, sharing information with the Government of Canada (ISED and Statistics Canada), and having the name of the business published as a recipient of funding
How much money can I get?
STEP 1 Grant - For developing a digital adoption plan
The grant will cover up to 90% of the eligible costs of developing a digital adoption plan and retaining the services of a digital advisor, up to a maximum grant value of $15,000 per SME.
These advisors will work with companies to recommend digital pathways and strategies that will help them achieve their business goals and increase their competitiveness in the digital economy.
STEP 2 Interest-Free Loan - For implementing the digital adoption plan
After completing STEP 1, businesses then have the opportunity to secure a 0% interest loan of up to $100,000 from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology and implement the digital adoption plan from STEP 1.
- Business revenues between $500,000 and below $5M can request a loan between $25,000 and $50,000
- Business revenues $5M and more can request a loan between $25,000 and $100,000
- 5-year term with 12-months capital postponement (total of 6 years)
- No fees
- You have 1 year from the completion of your approved digital adoption plan to make a loan request
In addition, applicants can also leverage the help of talented post-secondary students and recent graduates through subsidized work placements.
What can I use the money for?
Eligible costs include, but are not limited to, the following:
- customer relationship software (CRM)
- digital inventory management systems
- network security software
- artificial intelligence
- machine learning
- robotics
Are there any ineligible costs?
Ineligible costs include, but are not limited to, the following:
- Costs of connectivity
- Costs related to the shipping of goods purchased through the e-commerce platform
How do I apply?
You will be asked to provide basic information in the initial application and be asked to assess your business' digital readiness by completing a digital needs assessment.
- The digital needs assessment tool will generate a report outlining your company's digital maturity and compare it to an industry-specific benchmark. You may share this report with your digital advisor later in the process
Questions about getting started? Drop us a line to find out more!
Our team of digital advisors are standing by