Claim a share of $4 billion to boost your company’s technology
Innovation, Science and Economic Development Canada encourages Canadian businesses to adopt new technologies to stay competitive in today’s digital environment
/EIN News/ — TORONTO, Oct. 18, 2022 (GLOBE NEWSWIRE) — The Government of Canada has launched the Canadian Digital Adoption Program (CADP) to help small and medium-sized businesses increase their capabilities through technology . The program consists of two components, the largest, Boost Your Business Technology, a grant offering up to $15,000 per organization.
The first phase of the grant focuses on strategy development. The funds are to be used to retain a certified digital advisor, who will develop a digital adoption plan, tailored to the specific needs of the organization. Subsequently, the Business Development Bank of Canada (BDC) grants an interest-free loan of up to $100,000 which can be used for the acquisition and implementation of new technologies.
“Our government is committed to ensuring that all Canadian businesses benefit from the digital economy, from main street retail stores to entrepreneurs to manufacturers. Canada’s Digital Adoption Program will help up to 160,000 small and medium-sized businesses adopt new technologies while creating thousands of jobs for young Canadians. I encourage small businesses, owners, and entrepreneurs to apply for CDAP and leverage technology to grow their business and access new customers around the world.– MLA Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development.
One of the trusted advisors companies can work with is Couch & Associates, digital experts who have completed over two thousand successful projects, working with all kinds of platforms, from legacy systems to the latest technologies.
“We work with an interesting array of organizations through this program who are all at different stages of their digital maturity journey. The grant provides a budget to launch or accelerate digital initiatives and removes an element of risk by funding the development of a comprehensive strategy before diving into implementations. – James Ellis, Business Analyst, Couch & Associates.
The Couch & Associates website provides more information about the program, grant eligibility, and project results.
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