The Canada Digital Adoption Program will help small and medium-sized enterprises (SMEs) assess their digital readiness and apply for grants and loans online. This funding helps businesses leverage e-commerce opportunities, upgrade or adopt digital technologies, and digitize operations to stay competitive and meet customers’ needs in the digital marketplace. Depending on their size, specific needs, and goals, businesses can apply for funding through the Grow Your Business Online or Boost Your Business Technology streams
Grow Your Business Online Stream
The Grow your Business Online stream is a micro grant of up to $2,400. Eligible businesses can receive this grant to help with the costs related to adopting digital technologies. Grants will be available through an application portal delivered by the Ontario Chamber of Commerce. Service providers (Ontario Chamber of Commerce) will also support a network of e-commerce advisors wo will advise and help small businesses adopt e-commerce.
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Boost Your Business Technology Stream
Eligible businesses will have access to a marketplace of digital adoption experts to help develop a digital adoption plan tailored to their needs. Eligible businesses can leverage the grant to pay for the services of a digital advisor. 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.
The grant covers up to 90% of the eligible cost of retaining the services of a digital advisor, up to a maximum grant value of $15,000 per SME, to develop a digital adoption plan.
Additionally, businesses also have the opportunity to secure a 0% interest loan from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology. In addition, applicants can leverage the help of talented post-secondary students and recent graduates through subsidized work placements.
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