If you own a small to medium-sized business (SME) and are looking to get your business online or adopt new digital tech., the Canada Digital Adoption Program (CDAP) might be exactly what you’re looking for.
The CDAP is a $4 billion government initiative aimed at helping small and medium-sized businesses enhance their digital presence and platforms and digitize their operations. The Canadian government created it with the realization that companies without a real digital presence are disadvantaged in today’s market.
The initiative is divided into two grants: “Grow Your Business Online” and “Boost Your Business Technology.” Here are the key differences:
Grow Your Business Online Grant
With this grant, you’re eligible for up to $2,400 in funding to set up e-commerce, grow your sales online and adopt digital technologies. Companies can use the money to implement or improve a digital e-commerce plan, website design, SEO, social media, and more. The Grow Your Business Online Grant helps SMEs to:- Get online
- Improve online visibility
- Implement digital marketing strategies
- Increase sales
- Adopt security software
- Connect with customers
- Improve social media marketing
- Improve UX for online customers
Boost Your Business Technology Grant
With this second grant, you’re eligible for up to $15,000 in funding to boost your business’s tech and adopt new digital tools. Companies can use the money on digital marketing, e-commerce, and operation efficiencies by investing in digital technology to generate business and improve productivity. You’ll also have access to an expert digital advisor to help you transform your business digitally, increase productivity, consolidate your software, implement cybersecurity tools, and more… Boost Your Business Technology Grant helps SMEs to:- Implement expert digital marketing strategies
- Reduce overhead costs
- Speed up transactions
- Respond to clients more quickly
- Manage inventory more efficiently
- Improve supply chain logistics