What is CDAP?

The Canadian government has allocated $4 billion to the Canada Digital Adoption Program (CDAP) in order to assist small and medium-size enterprises (SMEs) in adopting digital technology and maintaining their competitiveness.

Successful applicants can access up to $15,000 through the Boost Your Business Technology grant to hire a CDAP digital advisor and offset the costs of their digital adoption strategy. After the digital plan is completed and approved, SMEs can apply for a $100k BDC 0% loan and a subsidized employee to put the plan into action.

CDAP Grant Benefits 

CDAP Grant Eligibility

How The Answer Company can help you

The Application Process

FAQ

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Benefits

      1. Creation of a Digital Adoption Plan

SMEs will have an opportunity to work with The Answer Company with producing a digital adoption plan. As a certified CDAP digital advisor, we will help you bring your vision to life.

      2. Access an Interest-Free Loan of up to $100,000

After your Digital Adoption Plan is approved, you can apply for a Business Development Bank of Canada (BDC) loan of up to $100,000, 0% interest on a 5-year term to help implement the technologies that can propel your business forward. 

      3. Subsidized Employee

Get your business extra help by hiring a post-secondary student or recent graduate through a subsidized work placement.

Develop a Tech-Savvy Transformation:

  • Reduce overhead costs
  • Speed up transactions
  • Respond to clients more quickly
  • Manage inventory more efficiently
  • Improve supply chain logistics
CDAP Grant Eligibility

The SME can receive this grant if:

  • You’re an owner or director
  • Your business:
    • Is Canadian-owned
    • Is for-profit
    • Has 1 to 499 employees
    • Has had at least $500,000 in annual revenue in 1 of the last 3 tax years

 

How The Answer Company can help you:

1. Grant Eligibility Assessment

The Answer Company is a certified CDAP digital advisor that can help determine the areas of focus will best propel your business forward.

2. Grant Application Assistance 

Your CDAP grant application is the most important step in securing grant funding. Our certified CDAP digital advisors can help you maximize your funding and expedite the approval process.

3. Business Needs Analysis

Our expert advisors will gain an understanding of your business, systems, processes, and goals to help you prioritize your digital transformation initiatives.

 

4. Digital Plan & Strategy

Our qualified CDAP advisors will develop a detailed digital adoption plan outlining digital adoption analysis and recommendations, implementation roadmap to support your digital transformation goals.

5. Identify Solutions & Implementation

After your digital adoption plan has been approved, The Answer Company can identify and implement the appropriate solutions based on your budget and digital adoption plan requirements.

The Application Process

FAQ

What is CDAP?

The Government of Canada offers the Canada Digital Adoption Program (CDAP) to support small and medium-sized enterprises (SMEs) in adopting digital technologies to enhance their competitiveness.

The Boost Your Business Technology grant offers successful applicants access to up to $15,000 to employ a CDAP digital advisor and defray the costs of their digital adoption strategy. The plan will cover the development of a customized digital strategy tailored to your business.

Following completion and approval of the digital adoption plan, business owners are eligible to apply for a $100k BDC 0% loan to implement the plan, and they will be eligible for a subsidized employee.

What is included in a CDAP Digital Adoption Plan?

The Answer Company will provide a high-level summary of the key elements of the CDAP digital plan for the SME. We will examine important business factors, including the company’s opportunities, risks, strengths, and weaknesses. We will evaluate the current information systems and technologies and pinpoint any external issues.

A minimum of three potential digital/technology solutions will be identified for the SME to consider. Each solution will have a detailed explanation on how it will enhance the SME’s operations. We will then develop a roadmap where we will determine the important components of implementation including timeline, dependencies, expenses associated with acquiring the technology, etc.

Together, we will discover the skills and abilities your business will need to possess and the requirements to execute the top three digital solutions to achieve your transformation goal.

How long will it take to create a digital adoption plan?

Each digital adoption plan is tailored to meet the specific requirements of the business. The timelines can vary, but on average, digital plans can be completed within six weeks. The Answer Company can assist you in creating the CDAP digital plan and expedite the process a few weeks after signing the contract.

What business technology should I introduce to my business?

We have a wide network of experts who are well-versed in technology, and they can help identify the right solutions for your business. We will help you assess your business and develop a digital adoption plan to tackle your goals. Achieving your next milestone is around the corner!

GET STARTED

The Answer Company is looking forward to helping you propel your business forward! Connect with us to learn more about the program and how you can maximize the CDAP grant!

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The company’s revenue is equal to or greater than $500,000(Required)
The company’s employees are between 1-499(Required)
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