TMAC Group

You’re ready to apply 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 years

The Canada Digital Adoption Program (CDAP), by the Government of Canada, helps small and medium-sized enterprises (SMEs) adopt digital technologies to increase their competitiveness. Eligible businesses will receive a grant to build their digital plan, followed by a 0% loan of up to $100,000 to implement it. We are advisors for CDAP. DM us to see if your Business qualifies!

The Canada Digital Adoption Plan website shows two funding opportunities,

Stream 1: Grow Your Business Online and
Stream 2: Boost Your Business Technology.

What’s the difference?

Stream 1: Grow Your Business Online

BDC is not involved in this stream.

Grow Your Business Online helps small, consumer-facing businesses with yearly revenues under $500k to take advantage of e-commerce opportunities. It provides advisory services as well as micro-grants of up to $2,400 to help with the costs related to adopting digital technologies.

Stream 2: Boost Your Business Technology

BDC is involved in this stream.

Boost Your Business Technology helps small and medium sized businesses that require more advanced technology. These businesses will be able to access a grant from Innovation, Science and Economic Development Canada (ISED) to cover up to 90% of the cost of advisory services to develop a digital adoption plan, to a maximum grant value of $15,000. The business will then have the opportunity to apply for a zero-interest loan of up to $100,000 from BDC to implement the technology.

Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer.

It's Easy To Apply!!!
We'll Guide you through the Process!

CDAP
What does it cover?
The loan covers items directly related to the digital plan. Some examples are:
🔹Acquiring IT equipment
🔹Installation of new technologies
🔹Updating and/or expanding IT equipment
🔹Training staff on onboarded technologies
🔹Materials and support services directly related to onboarding the technology
🔹Further advisory services on particular aspects of the digital adoption plan

SMEs journey through CDAP stream 2

For eligible SMEs that have successfully completed the DNA, CDAP will pre-approve them for a grant covering up to 90% of the cost of the digital adoption plan evaluated at a maximum of $15,000.

Eligible SMEs will then have access to an online marketplace of qualified digital advisors called the digital advisor marketplace in order to retain the services of a digital advisorFootnote1 to produce a digital adoption plan.

During their search, SMEs may contact as many digital advisors as they would like. When making initial contact with prospective digital advisors, SMEs are encouraged to share the results of their DNA as well as an overview of their business and objectives.

It is important for an SME and digital advisor to agree on the terms of work, including objectives, timing and associated costs before they begin working together.

When the SME finds a digital advisor who they consider to be the right match for their business, the parties will sign an agreementFootnote2 to develop a digital adoption plan.

The SME and the digital advisor will work together to develop a digital adoption plan that meets the CDAP requirements. Upon completion, the SME will upload their completed digital adoption plan and invoice to the CDAP portal. Once accepted, the grant will be issued to the SME.

With a digital adoption plan in hand, the SME is now eligible to access a zero-interest loan from the BDC as well as a subsidized youth work placement to implement their plan and adopt new digital tools for their business.

SMEs journey through CDAP stream 2

The registration process starts with an online digital needs assessment (DNA) that identifies the SME's business and digital strengths and weaknesses across several parameters, such as strategy, business model, products and services, customer experience, operations, technology, organization and cybersecurity. This DNA will allow SMEs to obtain their current perceived overall level of digital maturity. Once completed, SMEs will be able to move to the next step in their application.

CDAP digital adoption plan guide

The CDAP digital adoption plan guide outlines the minimum information that Canada Digital Adoption Program (CDAP) digital advisors are required to provide in a digital adoption plan for small and medium-sized enterprises (SMEs) participating in the CDAP Boost Your Business Technology stream.

As experts in their own businesses and sectors, SMEs are encouraged to review and understand the elements in the digital adoption plan guide to help tailor the plan to their specific needs. To truly tailor the digital adoption plan to their needs, the SME will need to collaborate closely with their digital advisor.

As experts in technology adoption, the digital advisors will need to engage and listen to their SME clients to develop a digital adoption plan tailored to each SME's specific needs.