Canada Digital Adoption Program (CDAP)
Boost Your Business Technology Grant
Access up to $15,000 in government grant to boost your business technology and up to $100,000 in free interest loan for 6 years
Apply now and get a $15,000 grant
Following these 4 simple steps
Confirm your eligibility
Complete the eligibility form to determine if you qualify for the Boost Your Business Technology Grant.
Create your account
If you are eligible, an advisor will get in touch with you by phone or video conference to help you create your account and get started.
Get your digital adoption plan
A digital advisor will produce your Digital Adoption Plan base on information’s your provide and will contact you if more information’s is needed.
Collect your grant
Once you plan is ready, an advisor will get in touch with you by phone or video conference to help you submit your Digital Adoption Plan and request your grant.
confirm your eligibility
Kindly answer each question to assist us in evaluating your eligibility for the Boost Your Business Technology Grant
More information about the Boost Your Business Technology Grant
1) Get up to $15,000 to boost your business technology.
Are you seeking ways to boost productivity? Do you require streamlined back office software? Or perhaps you’re in need of top-notch cybersecurity tools? Our customized plans are designed to cater to your business needs, empowering you through a seamless digital transformation journey. Through the Boost Your Business Technology grant, successful applicants can access up to $15,000 to retain SynkroMedia and offset the costs of planning their transformation journey.
2) Access up to $100,000 BDC 0% Interest Loan for 6 years to implement the technologies that can propel your business forward.
If you’re ready to move forward on your digital adoption plan but you don’t have the necessary cashflow, the Business Development Bank of Canada (BDC) can help. Once your digital adoption plan is ready, apply and get up to $100,000 in interest free loan for 6 years.
Why apply for a BDC 0% Interest Loan?
- Get access to an expert;
- Cover up the cost of hiring a digital advisor;
- Increase your competitiveness;
- Digitally mature businesses are more likely to enjoy high sales growth and make more profit;
- 12 months capital payment postponement;
- Acquire new technology while preserving your cash flow;
- Utilize your loan to boost your yearly revenues, maximizing the potential for increased financial gains.
3) Get up to $7,300 in wage subsidy to bring onboard a skilled and talented young individual who will help your business achieve its digital adoption objectives.
You can apply for more than one wage subsidy to hire multiple youth. This wage subsidy funding is administered by Magnet, Canada’s only Digital Community Workforce System housed within the Toronto Metropolitan University. Through Magnet, you can connect to youth across more than 122 post-secondary institutions and receive personalized assistance with hiring the right talent for your business.
Eligibility
You’re eligible if you have completed a digital adoption plan:
- As part of CDAP and have received your grant payment OR
- Under another recognized digital adoption program and submitted it to CDAP
Why do i need a Digital Adoption Plan?
The CDAP Boost Your Business Technology grant helps SMEs to create a digital plan that will help them understand how they can digitally transform their business processes to:
- Reduce overhead costs
- Speed up transactions
- Respond to clients more quickly
- Manage inventory more efficiently
- Improve supply chain logistics
- And much more…
Optimize your business technology with the help of your Digital Adoption Plan
Developing your Digital Adoption Plan is just the beginning in your digital tranformation journey. Our digital specialist can help you implement different digital solutions and optimize your business technology. You can benefit from our full suite of integrated, smart and customizable business software including personalized support to train your staff. With SynkroMedia, you will get a all-in one service to help you transform and optimize your business.
Let’s begin your digital transformation journey
As a SME specialized in the creation of innovative web strategies to allow business acquiring new customers, growing sales and boosting visibility, SynkroMedia is the perfect partner to help you make the most of this opportunity. We offer a personnalized service to all our customers to make sure we understand and respond to their needs in the most efficient way.
Frequently asked questions
Here are some precisions on the most common question you could ask yourself about the Boost Your Business Technology Grant, and how SynkroMedia can help you through every step of the process.
What are the criteria to qualify for a Boost Your Business Technology grant?
The Government of Canada has outlined five mandatory criteria for eligible applicants:
- For-profit entity
- Sole proprietors or business-es incorporated under the laws of Canada or a province/territory
- Meet all requirements to be deemed a Canadian-controlled Private Corporation (CCPC)
- Your business has between 1 to 499 full time equivalent employees (receiving a T4 and at least 30 hours/week of paid labour)
- Your business has had at least $500,000 not more than $100 million in annual revenue in 1 of the last 3 tax years
How do I receive my grant?
The Government of Canada will reimburse you for up to 90 percent of eligible expenses, up to $15,000. Once you received your final Digital Adoption Plan from your SynkroMedia advisor, upload through the CDAP website the following documents and to ISED’s satisfaction:
- A legible copy or clear evidence of the Digital Adoption Plan produced by a Digital Advisory service provider registered on the Digital Advisor Marketplace.
- A final invoice identifying all costs of the Digital Adoption Plan that was developed by a Digital Advisory service provider registered on the Digital Advisor Marketplace.
How long will it take to receive the grant after I have uploaded the required documents?
Upon submission of the required documents to ISED’s satisfaction, ISED will endeavor to approve, provide funding confirmation and disburse the grant payment to the Applicant within a 30-day period.
Can I work with any company that offers digital services?
The Government of Canada has a list of partners in its Digital Advisor Marketplace who you can work with. Synkromedia is an registered Digital Advisory service provider for the Canada Digital Adoption Program.
Can SynkroMedia apply for funding on my behalf?
You must apply for the grant directly. However, our team can guide you through the process, review your application, provide feedback to maximize your likelihood of success and answer any questions you have.
How do I answer my Business Needs Analysis (BNA) or Digital Needs Assessment (DNA), can SynkroMedia help?
Yes! An SynkroMedia advisor can walk you through the BNA and/or DNA and clarify any sections that you may struggle with.
What will I get as part of my digital adoption plan?
Your digital adoption plan is a comprehensive assessment of the opportunities to improve your business by leveraging modern hardware and platforms. Specific deliverables you will receive from SynkroMedia include:
- Executive summary
- Information about the current state of the SME (Key business information,
- Technology options analysis
- SME’s current business strengths, weaknesses, opportunities, and threats
- SME’s external issues (market, competition, business model) and future key business goals
- Key IS/IT information
- Digital adoption analysis and recommendations
- Provide a minimum of three potential digital/technology solutions for the SME to consider including how each of those solutions will benefit the SME’s business.
- Implementation roadmap
- Identify the key elements to implement the recommended options including timeline, dependencies, costs to acquire the technology, etc.
- Skill requirements
- Identify the skills and competencies that the SME will need to possess to implement the top three digital solutions.
- Key digital solution characteristics
- Identify the high-level requirements to implement the top three solutions.
The exact composition of each digital adoption plan will vary according to the SME’s business operations.
Can I use funding to purchase new hardware and platforms?
No. Eligible costs are limited to those involved with creating your digital adoption plan, including:
- Advisor fees, commissions, and charges associated with creating your digital adoption plan
- Applicable federal and provincial sales taxes associated with fees charged by the advisor
However, the SME can apply for the BDC 0% Interest Loan to implement the plan (i.e. installation of new technologies identified in the plan).
Will SynkroMedia implement my digital adoption plan?
Your digital adoption plan will provide a comprehensive roadmap for your digital transformation. This would be the end of our engagement from a Canada Digital Adoption Program perspective. However, it is only the beginning of your overall transformation journey.
I you wish to, we would be delighted to continue our collaboration with you during the implementation phases. With a thorough understanding of your transformation needs, involving our team will ensure a smooth transition from planning to execution. We possess the expertise to maximize the return on your digital investment.
I have several companies where I am an owner / director. Can I apply for multiple grants?
Yes. You may apply for each company individually, provided each is a separate legal entity and meets the eligibility criteria.