Federal Government Announcement Monday, February 19, 2024 —The Canada Digital Adoption Program is fully subscribed and no longer accepting new applications for the Boost Your Business Technology grant.
MNP Digital remains committed to supporting your digital adoption goals. We are pleased to announce our cost-effective Digital Adoption Accelerator program for small and mid-sized businesses.
Fill out the form here to learn more — and stay tuned to this page for further updates.
The Canada Digital Adoption Program (CDAP) is offering $4 billion in total funding to help small to medium-sized businesses embrace digital transformation. Through the Boost Your Business Technology grant, successful applicants can access up to $15,000 to retain an MNP Digital advisor and offset the costs of planning their transformation journey.
As Canada’s largest and most experienced digital advisory team focused on small and mid-sized businesses, MNP is the perfect partner to help you make the most of this opportunity.
We have local experts conveniently located across the country who understand the challenges and opportunities in your market — and how to help you succeed.
Complete the CDAP assessment tool to determine your business’ digital maturity and whether you qualify for the Boost Your Business Technology Grant.
Developing your strategic plan and roadmap is just the beginning. You also need to execute throughout your transformation journey. Our comprehensive and highly skilled team of digital transformation architects and solutions for small and medium-sized businesses provide ongoing support to help you modernize your business technology.
When you’re ready to begin your transformation, utilize CDAP’s additional funding opportunities to ensure your investment goes as far as possible.
Businesses that are eligible for the Boost Your Business Grant can also qualify for an interest-free loan through the Business Development Bank of Canada (BDC). This loan can be used to implement your roadmap and facilitate the purchase of new technology.
Building a skilled and dynamic team is vital for a successful digital transformation. Maximize your business’s digital potential by accessing wage subsidies of up to $7,300 per eligible hire through Magnet. Hire talented youth equipped with the skills needed for digital adoption.
The owner or director of your organization can apply or, beginning June 1, 2023, assign a representative to submit most of the application on your behalf. 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.
The Government of Canada has outlined four mandatory criteria for eligible applicants:
However, you may qualify for the Fast-Track option and be eligible to apply for a $100,000 interest free loan through BDC to continue your digital transformation journey. All program eligibility requirement still apply.
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 MNP include:
No. The Boost Your Business Technology grant is intended to assess your digital maturity and opportunities to increase your competitiveness through digital transformation. Eligible costs are limited to those involved with creating your digital adoption plan, including:
Your digital adoption plan will provide a comprehensive roadmap of your priorities, including timelines, budgets, and a cost benefit analysis of relevant platforms and strategies. This would be the end of our engagement from a Canada Digital Adoption Program perspective. However, it is merely the beginning of your overall transformation journey.
We look forward to continuing with you through the implementation phases. Having already formed a deep understanding of your transformation needs, engaging our team will make for a seamless transition from planning to execution. As a full-service firm, we have the people, expertise, and relationships in place to ensure you get the best return on your digital investment.
To support your digital transformation, you can apply for an interest-free loan of up to $100,000 from BDC, provided you’ve worked with a digital advisor to complete a digital adoption roadmap.
The loan covers expenses related to your plan. Some examples include:
Loan amounts vary based on business revenue, ranging from $25,000 to $100,000 with zero percent interest. The loan comes with a five-year term and a 12-month capital postponement.
To ensure you don’t miss out, apply for the BDC loan within six months of creating your approved digital adoption plan.
In December 2023, the eligibility criteria and limits were updated for the BDC loan, including:
Employers approved for the Boost Your Business Technology Grant are eligible for wage subsidy funding of up to $7,300 per new hire. This funding helps employers hire young individuals who can assist in implementing new technologies and digital strategies.
To be eligible, youth participants must be aged between 18 and 30 and be Canadian citizens, permanent residents, or refugees with the right to work in Canada.
Employers who meet the eligibility criteria can post jobs on the Boost Your Business Job Board or find youth participants through their network or referrals.
In November 2023, updates were made to the wage subsidy program to better serve businesses and youth hires, including: