CDAP – Access up to $100,000 in government funding to transform your business technology
What is CDAP?
The Canadian Digital Adoption Program (CDAP) is offering $4 billion in total funding to help small to medium sized businesses transform their Business technology and thrive in the digital world.
Through CDAP, you can transform your business potential by accessing up to $15,000 in government funding to receive a strategic Digital Adoption Plan built specifically to suit your business objectives and digital needs.
Is your business eligible?
If your business checks all these items, you are an eligible applicant:
- For Profit or Privately owned business,
- Minimum of $500,000 in annual sales in one of the previous 3 tax years,
- 1 – 499 full-time employees,
- Incorporated federally or provincially, or a Canadian resident sole proprietor.
What you’ll gain?
Leverage the CDAP program to introduce digital solutions that will:
- Make your business run more efficiently.
- Prepare your business to scale
- Prepare your business for succession or sale.
Your custom Digital Adoption Plan will be tailored for your specific business. We will review your digital business practices and identify opportunities for improvement.
1. CDAP Orientation
Schedule a CDAP Info Session – Contact us today to schedule a CDAP information session. We will work with our Digital Advisors consultants to review the CDAP process and how to apply for funding.
Meet your Digital Advisor – We will connect you with our Digital Advisor to kick off the project and guide you through the process.
Apply for the Grant – Apply for the CDAP grant here. If you need guidance through the application process, please let your Digital Advisor know.
2. Build your Digital Adoption Plan
Digital Assessment – We conduct a digital assessment to review the digital maturity of your organization and create a roadmap proposing digital solutions to incorporate into the plan.
Develop Strategy – We will meet with you to learn about your business, review your current technology, and determine your digital needs. From there we will create a Digital Adoption Plan with recommendations and solutions for your business’s digital transformation.
Submit Plan for Grant funding – After the plan is submitted and approved by the federal government, you will receive your grant funding.
3. Implement digital solutions
Apply for BDC loan – After submitting your plan, you will be eligible to apply for a loan up to $100,000 at 0% interest for five years through the Business Development Bank of Canada (BDC) to implement the solution(s) from your Digital Adoption Plan.
Digital Transformation – Project Examples
Improve or create your Digital Marketing systems to boost reach and engage a wider audience, build brand awareness, generate leads, and drive conversations, increasing online visibility, customer base, and revenue.
Customer Relationship Management:
Implement a customer relationship management (CRM) software system to centralize and improve customer interactions and data to increase sales and customer satisfaction while streamlining sales processes.
Standard Operating Procedures:
Create digital standard operating procedures (SOPs) establishing clear, repeatable processes and guidelines to improve efficiency, consistency, and accountability, enhancing overall performance and quality.
Implement digital Order Management Systems (OMS) automating and streamlining the order process, improving inventory management, reducing errors, and increasing customer satisfaction, thereby improving operational efficiency and sales.
Introduce automated machinery that improves the efficiency, consistency, safety, and data collection of a manufacturing facility, resulting in higher quality outcomes. By reducing the risk of errors or defects, improving production efficiency, and lowering labor costs, automated machinery can ultimately increase profitability for the manufacturing facility.
Digital Field Data Collection:
Customized mobile apps can streamline the process of collecting information from the field, allowing for real-time communication with the office, reducing mistakes and delays, and improving the accuracy and reliability of the data collected. This can lead to more efficient decision-making and better outcomes for the organization.